Demonstrates Union Square Advisors’ expertise in providing comprehensive advisory advice to disruptive, vertical software companies
On January 12, 2022, Union Square Advisors announced it served as the exclusive financial advisor to Lynch Marks, LLC, a California-based company, and developers of PS/Ship., in its sale to Litera, a global leader in legal technology solutions. The terms of the agreement have not been disclosed.
“We are thrilled to join the Litera family and excited by their vision of creating a platform that provides firms with all the tools they need to efficiently run a law firm. PS/Ship is critical to law firms’ invoice processing and shipping processes and will complement Litera’s core desktop workflows and deep understanding of legal operations,” said Nick Adams, PS/Ship General Manager.
“Litera is a great home for our customers, products, and employees,” said Peter Marks, exiting Founder of Lynch Marks. “Their commitment to customer success, great technology, and serving the legal community made them an obvious choice. I’m excited to see the next chapter unfold.”
Firms that rely on PS/Ship software can streamline shipping and invoice workflow management across the business, reducing total shipping costs by 30%. They can ship and manage packages and invoices directly from the desktop, whether working in the office or remotely, and properly allocate these costs to the appropriate matter or cost center for efficient recovery and precise profitability measurement. The new Invoice Plus product launched in 2021 automates invoice processing for other multi-line, multi-disbursement invoices like patent filings, legal research, attorney services, e-discovery billings and more – increasing cost recovery while substantially decreasing processing time.
Read the full press release here.
About Lynch Marks
The Lynch Marks PS/Ship product suite is trusted by the majority of the AM Law 200 and many prominent corporate and service organizations globally to provide a comprehensive shipping management and invoice processing system. Its specialized tools work together for streamlined shipping, package tracking, and invoice processing workflows across the customer’s enterprise. For more information about PS/Ship, visit psship.com or follow the company on LinkedIn.
Litera has been at the forefront of legal technology for 25+ years. As a global leader in workflow, AI-powered due diligence review and analysis, collaboration, and data management solutions, Litera provides legal teams with streamlined technology for creating, analyzing, and managing their documents, deals, cases, and data. Litera’s solutions help law firms and corporate legal teams around the world to work more efficiently, accurately, and competitively to provide their clients with usable and actionable information. For more information about Litera, visit litera.com or follow the company on LinkedIn.
About Union Square Advisors
Union Square Advisors is a leading technology-focused investment bank that offers strategic mergers & acquisitions advice and execution, agented private capital financing, and debt capital markets advisory services. Founded in 2007, with offices in San Francisco and New York, Union Square Advisors works with leading public and private technology companies, private equity, venture capital, and family offices. Our expertise spans many aspects of the technology landscape, including Enterprise Software and Infrastructure, FinTech, Healthcare IT, Internet+Digital Media, eCommerce, Consumer Software, AIoT & Industrial Technology and other key segments. Since inception, Union Square Advisors has advised on more than 150 strategic transactions, valued in excess of $115B. For more information, please visit http://www.usadvisors.com.