Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Esquire Financial Holdings, holding company for professional and legal services-facing Esquire Bank, this week announced a $2.5 million investment and nearly 5 percent ownership interest in law firm management software Litify. The two companies have executed a marketing and exclusive development agreement to develop automation tools and financial applications for law firms, including a real-time asset-based lending application for commercial law firms.

Esquire Bank CEO and president Andrew Sagliocca explained that Esquire Bank’s work with law firms means they have to read a firm’s current and existing caseload the way other banks might look at accounts receivable to set financing rates. Small firms tend to keep case information in Microsoft Excel, while slightly larger firms may use database program Access or an internal system to manage cases. “It’s a cumbersome process. It’s static by nature and it may not be as accurate and complete as you want it to be,” he said.

Litify founder Reuven Moskowitz, who also serves as COO of plaintiff’s firm Morgan & Morgan, launched Litify as a way to link Morgan & Morgan’s intake and matter operations up to Salesforce, a popular customer relationship management (CRM) platform. Moskowitz and firm co-founder John Morgan launched the system as a stand-alone product in 2016.

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Advance® Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]

Gabrielle Orum Hernández

Gabrielle Orum Hernández is a reporter with Legaltech News and the Daily Report covering legal technology startups and vendors. She can be reached by email at [email protected], or on Twitter at @GMOrumHernandez.

More from this author

Legalweek Leaders in Tech Awards 2021Event

Recognizing innovation in the legal technology sector for working on precedent-setting, game-changing projects and initiatives.

Get More Information

ALM Legal Publication Newsletters

Sign Up Today and Never Miss Another Story.

As part of your digital membership, you can sign up for an unlimited number of a wide range of complimentary newsletters. Visit your My Account page to make your selections. Get the timely legal news and critical analysis you cannot afford to miss. Tailored just for you. In your inbox. Every day.

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.