Practice Technologies, Inc. has closed its most successful year with a 4th quarter that saw numerous prestigious national law firms adopt the company’s RealPractice™ Suite for work product retrieval and court rules compliance. In addition to tripling its customer base in 2005, Practice Technologies also tripled its revenue and doubled its workforce.
“It has been one of the greatest experiences in my career to watch Practice Technologies grow from a vague idea to the entity it’s become,” said Rudolph DeFelice, president and chief executive officer of Practice Technologies, Inc. “When we introduced the concept of work product retrieval, many firm partners and technology executives were scratching their heads. Now, we have scores of prestigious clients across the country who have embraced our task-based approach to information retrieval, whether that information resides inside the firm, in the public domain, or in a proprietary database that we’ve created. I can’t applaud our clients enough for the initiative and farsightedness they’ve shown in adopting a new approach to solving an old problem.”
Premiere law firms that licensed components of the RealPractice Suite in the fourth quarter of 2005 include:
Baker Botts - based in Houston, Texas, with approximately 700 lawyers in ten offices in six countries
Cooley Godward - based in Palo Alto, California, with approximately 450 attorneys in seven offices
DLA Piper Rudnick Gray Cary - an international firm with over 3,000 lawyers in 57 offices in 21 countries
Duane Morris - based in Philadelphia, with over 600 lawyers in 20 offices
Fenwick & West - based in Mountain View, California, with 250 attorneys in Silicon Valley and San Francisco
Kasowitz, Benson, Torres & Friedman - based in New York, with over 150 attorneys in five offices
Skadden, Arps, Slate, Meagher & Flom - based in New York, with approximately 1750 attorneys in 22 offices in 12 countries
The RealPractice Suite includes the following components:
RealPractice Private Access™ -- work product retrieval from inside the firm
RealPractice Public Access™ -- work product retrieval from the public domain
SmartRules™ -- online practice guide for the national litigator
Established in 2000 and based in Venice, California, Practice Technologies, Inc. is a company of lawyers and legal technologists who deliver software and content-based systems to the legal community. The company’s flagship product, the RealPractice Suite, includes RealPractice Private Access™ Real Practice Public Access™ and SmartRules™. Practice Technologies’ major law firm clients include Allen Matkins; Alschuler Grossman Stein & Kahan; Buchalter Nemer Fields & Younger; Gibson Dunn & Crutcher; Irell & Manella; Kirkland & Ellis; Latham & Watkins; Littler Mendelson; Manatt, Phelps & Phillips; Moses & Singer; Paul, Hastings, Janofsky & Walker; Polsinelli Shalton Welte Suelthaus; Reed Smith;Thelen Reid & Priest; Wilson Sonsini Goodrich & Rosati; and Winston & Strawn. For more information, visit www.practicetechnologies.com.
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