HotDocs document automation and assembly products, part of the CARET portfolio since 2017, primarily serve AM Law 200 firms and enterprise in-house legal teams across multiple verticals. Caret determined that finding a new home with a company that focused on a similar audience would serve these products and their customers best.
According to Keri Gohman, the CEO of Caret: “The sale of HotDocs to Mitratech means deepening our focus on developing market-leading innovations like CARET Analytics available in CARET Legal and launching in Q3. It also allows us to accelerate investment in AI capabilities to transform firm efficiency.
“As part of this sale, we’ll maintain our exclusive legal practice management platform integrations with HotDocs in our CARET Legal (in our Enterprise Advance plan), Amicus Attorney, and AbacusLaw products.
“For our legal practice management customers, this news means deepening our focus on developing market-leading innovations like CARET Analytics available in CARET Legal and launching in Q3.
“It also allows us to accelerate investment in AI capabilities to transform firm efficiency.”