Legal Tech has been captured by the winner of the Golden Harglass 2019 by Cladimizer Litter. This was announced by the American Legal Technology Institute last week. Peter van der Hoven, one of the founders of Gloctimizer, explains the acquisition.
First things first: What exactly does the clockmaker tool used by big companies like CMS, DLA Piper and Hogan Levels do? “Cladimizer clarifies what, where, when and at what cost dashboards for law firms are based on information from the time registration system. Important information for management, budgeting and pricing decisions, ”explains Van der Hoven. “For example, budgets can be tracked and if they are violated, they can be delivered to the customer immediately. Not then, by invoice, which often causes friction and is at the expense of your customer relationship. ”
So the tool provides solid insights through technology. A successful formula is evident from the GZL award. In response to the question of why the Cloakmeisser would allow itself to be incorporated by a larger, American party, Van der Hoven outlined the operation: “Last year we negotiated with those behind the Foundation Software Group. They provide a tool for collecting data similar to ours, but from other sources. For example, consider external data about courts and judges or internal data such as the contract value of acquisitions. Integrating with the clutter is very interesting, our customers said it is precisely connected with the financial systems of the offices. However, negotiations with the Foundation stalled. When I read that they were acquired by Lidora in early 2021, I understood why. I contacted them directly. ”
However, the acquisition is not entirely in favor of product technology or customer. It also offers clutterizer opportunities. “A lot remains the same: watchmaking is a stand-alone product; our instrument and foundation communicate well with each other. The Cladimiser office will also be located in Utrecht. Lidero is a great organization; an established name. Connecting with it offers growth opportunities, continuity and ensuring that customers have more confidence in you. In addition, larger companies offer better career opportunities to our employees. “
Loyons & Loaf and J.P. Advice from Law
Several offices were involved in the purchase of the Gloctimizer by Lidero. For example, Loans & Loaf advised the buying party. The law firm did this with a team consisting of Royal Floyd (lead), Stijn Verdmalter, Job Beans, Roosevelt-Sophie Cloft, Amit Hevanar, Tabitha Timicella and Gina Henson. Buyers continued to rely on EY for financial and tax advice, and Skate, a U.S. law firm, assisted them with U.S. legal matters.
JB Law provided the watch with legal advice. For this the office used Malu Dijkstra and Barbara von Hussein. Finally, Atlas Biscaliston’s Boss Linzma and Christian Herman de Crude advised the cloctimizer on tax matters.