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Centerbase

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Centerbase is an American company in the legal technology industry that develops cloud-based practice management software for mid-sized law firms. Established in 2015 by founder John Forbes, the company has its headquarters in Dallas, Texas. Its software is designed to integrate a law firm's core operations, including billing, timekeeping, accounting, matter management, and workflow automation.[1][2]

Centerbase
Type Limited liability company
Founded 2015
Headquarters Dallas, Texas
Area servedUS
IndustryLegal technology
ProductsLegal technology software
Contact (214) 987-9070
sales@centerbase.com
8350 N. Central Expressway, Suite 1950, Dallas, TX 75206
Reference {{{reference}}}

History and overview

Centerbase was established by software entrepreneur John Forbes.[3] The development of its platform was shaped by feedback from law firms as well as insights from Forbes' daughter, who was a law school student at the time. The company debuted its first product at the 2017 ABA TECHSHOW, presenting a platform that combined key law firm functions into a single system.[4][5]

In 2021, Centerbase purchased Family Law Software, a company that provides tools for divorce and financial planning calculations.[6][7][8] During the same year, the private equity firm Mainsail Partners provided the company with growth equity funding.[9][10][11][12]

Centerbase acquired Legalfit in 2022, a marketing platform that provides website design and SEO services to law firms.[13][14][3]

Products and features

The main product offered by Centerbase is a cloud-based platform that unifies functions such as timekeeping, billing, matter management, accounting, and customer relationship management.[2] A significant feature is its Automated Time Capture tool, which monitors activities within applications like Microsoft Word and Outlook and records them as potential billable events for review, thereby improving time tracking accuracy.[15]

In 2023, the company rolled out a profitability reporting feature, which permits law firms to analyze key financial metrics like revenue, expenses, and billable hours.[16][5] The next year, Centerbase incorporated a document management system that leverages Microsoft SharePoint technology. It includes features for document version control, optical character recognition, and e-signatures.[17]

Centerbase received a patent for its Automated Time Capture technology in 2024.[18][19]

References

  1. ^ "Centerbase." Legal Marketplace (alanet.org). https://www.alanet.org/legal-management-software-products-services/centerbase (accessed 2024-12-29).
  2. ^ a b "Centerbase LLC - Company Profile and News." Bloomberg.com. https://www.bloomberg.com/profile/company/1914388D:US (accessed 2024-12-29).
  3. ^ a b Startland News Staff (2022-04-08). "Kansas legal tech startup’s exit unlocks opportunity to accelerate innovation, founder says." Startland News. https://www.startlandnews.com/2022/04/legalfit-centerbase-2/ (accessed 2024-12-29).
  4. ^ "Centerbase | ABA TECHSHOW Press Kit." ABA TECHSHOW (techshow.com). https://www.techshow.com/2024/02/centerbase-aba-techshow-press-kit/ (accessed 2024-12-28).
  5. ^ a b (2024-01-23). "Centerbase Launches Native Document Management for Modern Law Firms - Replacing Need for Stand-Alone, Paid Solutions." iCrowdNewsWire. https://icrowdnewswire.com/2024/01/23/centerbase-launches-native-document-management-for-modern-law-firms-replacing-need-for-stand-alone-paid-solutions/ (accessed 2024-12-29).
  6. ^ Centerbase (2021-09-01). "Centerbase Acquires Family Law Software, Expanding Customer Base & Family Law Practice Product Experience." centerbase.com. https://centerbase.com/blog/centerbase-acquires-family-law-software-expanding-customer-base-family-law-practice-product-experience/ (accessed 2024-12-28).
  7. ^ Centerbase. "Centerbase Acquires Family Law Software, Expanding Customer Base & Family Law Practice Product Experience." PRWeb. https://www.prweb.com/releases/centerbase_acquires_family_law_software_expanding_customer_base_family_law_practice_product_experience/prweb18166808.htm (archived at the Wayback Machine on 2024-05-25: http://web.archive.org/web/20240525174352/https://www.prweb.com/releases/centerbase_acquires_family_law_software_expanding_customer_base_family_law_practice_product_experience/prweb18166808.htm) (accessed 2024-12-28).
  8. ^ "Centerbase Buys Family Law Software to Support Law Firms." PYMNTS.com. https://www.pymnts.com/news/b2b-payments/2021/centerbase-family-law-software-taxes-legal/partial/ (accessed 2024-12-28).
  9. ^ "Mainsail Partners Raises $915 Million Fund VI." Business Wire. https://www.businesswire.com/news/home/20220419005498/en/Mainsail-Partners-Raises-915-Million-Fund-VI (archived on 2024-12-03: http://web.archive.org/web/20241203223002/https://www.businesswire.com/news/home/20220419005498/en/Mainsail-Partners-Raises-915-Million-Fund-VI) (accessed 2024-12-29).
  10. ^ Centerbase. "Centerbase Receives Growth Equity Investment from Mainsail Partners." PRWeb. https://www.prweb.com/releases/Centerbase_Receives_Growth_Equity_Investment_from_Mainsail_Partners/prweb18139638.htm (accessed 2024-12-29).
  11. ^ Hennessy, Sean (2021-08-23). "Centerbase Receives Growth Equity Investment from Mainsail Partners." Mainsail Partners. https://mainsailpartners.com/centerbase-receives-growth-equity-investment-from-mainsail-partners/ (accessed 2024-12-29).
  12. ^ (2024-12-26). "Centerbase - Company Profile - Tracxn." Tracxn. https://tracxn.com/d/companies/centerbase/__dNV3dfgLZEDXx5v1myb6hQAE6iMZXg1yRn2CjFMHNR0#about-the-company (accessed 2024-12-29).
  13. ^ Centerbase. "Centerbase Acquires Legal Website Content Management System and Marketing Platform, Legalfit." PRWeb. https://www.prweb.com/releases/Centerbase_Acquires_Legal_Website_Content_Management_System_and_Marketing_Platform_Legalfit/prweb18607173.htm (accessed 2024-12-28).
  14. ^ (2022-04-07). "Practice Management Company Centerbase Acquires Legal Website and Marketing Platform Legalfit." LawSites/LawNext. https://www.lawnext.com/2022/04/practice-management-company-centerbase-acquires-legal-website-and-marketing-platform-legalfit.html (accessed 2024-12-28).
  15. ^ (2024-09-03). "Law Practice Management Platform Centerbase Now Automatically Captures Time Spent Working in Microsoft Word and Outlook." LawSites/LawNext. https://www.lawnext.com/2024/09/law-practice-management-platform-centerbase-now-automatically-captures-time-spent-working-in-microsoft-word-and-outlook.html (accessed 2024-12-29).
  16. ^ (2023-08-02). "Practice Management Company Centerbase Says Its New Reporting Capability Precisely Analyzes Profitability for Mid-Sized Law Firms." LawSites/LawNext. https://www.lawnext.com/2023/08/practice-management-company-centerbase-says-its-new-reporting-capability-precisely-analyzes-profitability-for-mid-sized-law-firms.html (accessed 2024-12-29).
  17. ^ (2024-01-18). "Exclusive: Centerbase Announces Launch of Native Document Management within its Practice Management Platform." LawSites/LawNext. https://www.lawnext.com/2024/01/centerbase-announces-launch-of-native-document-management-within-its-practice-management-platform.html (accessed 2024-12-29).
  18. ^ Centerbase (2024-09-04). "Centerbase Secures Patent for Automated Time Capture Technology That Helps Law Firms Maximize Revenue Potential." GlobeNewswire News Room. https://www.globenewswire.com/news-release/2024/09/04/2940544/0/en/Centerbase-Secures-Patent-for-Automated-Time-Capture-Technology-That-Helps-Law-Firms-Maximize-Revenue-Potential.html (accessed 2024-12-29).
  19. ^ "Patents Assigned to CENTERBASE, LLC." Justia Patents. https://patents.justia.com/assignee/centerbase-llc (accessed 2024-12-29).
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