ECFX recently revealed that Growth Street Partners made a minority growth investment in the company, the leading provider of electronic court notice management for law firms and corporate legal teams. The LegalTech Fund, which is a leading investor in innovative legal technology companies, also participated, as did Cove Fund and other existing investors. ECFX will be using the $7 million investment to expand its platform and further its leadership position in a rapidly adopting market.
ECFX was founded by Dan O’Day and Nelson Quintero, both lawyers and each with more than 25 years of experience in the legal and legal technology industries. And many litigation firms still process notices manually, leading to increased risk and higher costs. Research has shown that over 50% of law firms report missing court notices.
ECFX’s platform solves this issue, as well as minimizes non-billable hours that docketing teams, legal assistants, paralegals, and lawyers spend manually downloading, profiling, and distributing information from ECF notices from state and federal courts. And any firm can calculate its potential savings using ECFX’s ROI calculator.
In connection with the minority growth investment, Growth Street Partners will join the Board of Directors.
KEY QUOTES:
“We are on a mission to help law firms reduce risk and increase efficiency,” explained Dan O’Day, CEO and Co-Founder of ECFX. “Partnering with Growth Street positions us to continue building out our team, investing in our industry-leading product, and further expanding our leadership position in this growing category.”
— Nelson Quintero, COO and Co-Founder of ECFX
“Growth Street is excited to partner with Dan, Nelson, and the rapidly growing ECFX team. ECF notices are growing rapidly as court systems across the country continue to go digital, and law firms are wasting time and money manually processing these notices. ECFX has the broadest court coverage, easiest to use platform, and best customer service in the industry. It is clear why so many leading law firms are adopting the platform to manage this critical workflow.”
— Nate Grossman and Steve Wolfe, the Co-Founders of Growth Street Partners
