Cloud legal practice management system and Sorainen law firm spin-off Crespect has received a grant €227,000 from the European Regional Development Fund for innovative product development and closed a seed round in which it received €605,000 – the first tranche of a seed investment round, albeit the total sum is not being disclosed.
Crespect was first developed as an in-house system by innovative Nordic and Baltic firm Sorainen. We’re told that the new funding will help to finalise the firm’s commercial version of the system and launch it internationally.
“We are fortunate to have the best people and clients, but also cutting-edge technology to help us in our daily work and routines,” said Aku Sorainen, senior partner at Sorainen and the co-founder of Crespect.
“As we didn’t find great legal practice management system on the market, we have developed our own in-house over the past two decades . A few years ago we invested over a million euros to make a modern cloud version of our system. It helps our lawyers to be much more efficient and as a result they can provide our clients with better service and more tailored solutions. As we built our system around CRM rather than revenue management, which is the standard approach on the market, we soon understood that we had created something unique and decided to make it publicly available to modern, progressive-thinking law firms. I believe the international legal industry will love it and clients will benefit from the improved service of their lawyers.”
Crespect includes features such as client onboarding and management, case management, time tracking, billing, collaboration, and resource and know-how management.
The commercial launch of the software is scheduled for autumn 2023, and you can find out more at www.crespect.com.