AffiniPay acquires MyCase

AffiniPay, the parent company of LawPay, has acquired MyCase, a legal practice management software provider.

The combined company will create one of the fastest-growing integrated legal practice management software and payments companies. With MyCase's suite of products being integrated into LawPay’s market-leading payments platform, this acquisition is expected to drive growth.

Deal Mechanics

AffiniPay has not disclosed financial details or pricing information for the transaction. However, the combined company generates an excess of $200 million in annual run-rate revenue. AffiniPay's parent company, Apax Partners, previously held MyCase as part of its portfolio.

Strategic Rationale

The rationale behind this acquisition is to establish a leading integrated solution for legal practices by combining LawPay’s payment platform with the practice management software from MyCase. By integrating these two key components of legal operations, AffiniPay aims to offer clients an end-to-end service that streamlines their workflows and enhances efficiency.

Financial Context

The acquisition does not come with a publicly disclosed price tag but is part of a broader strategy for Apax Partners, the private equity firm behind both LawPay and MyCase. With over $200 million in annual run-rate revenue, this strategic move positions AffiniPay as a significant player in the legal technology market.

Advisors

The acquisition was advised by Lazard and Goodwin Procter LLP for the buy-side while William Blair and Simpson Thacher & Bartlett LLP provided counsel to MyCase on the sell-side. Legal advisors were not disclosed for either side of the transaction.

Outlook

AffiniPay’s acquisition of MyCase represents a strategic step in consolidating legal technology solutions into a unified platform, aiming to meet growing demands within the sector. The integration of LawPay and MyCase’s offerings seeks to create one of the largest integrated software and payment platforms for law firms.