Last update: Sept. 28, 2017
Media Release archive
DIVORCEmate acquires new equity partner
DIVORCEmate currently produces two "families" of products: Forms+ software generates most family law forms for courts in Ontario and British Columbia; and Tools software facilitates prudent family law financial calculations and the ensuing decision-making strategies which affect each matrimonial matter.
The investment by LPIC is in the form of a 20 per cent equity interest in DIVORCEmate, whose forms and tools software is currently being used by more than 80 per cent of family law lawyers in Ontario.
"Working with LPIC enables us to combine our technological knowledge and our sincere desire to provide an excellent, new generation of DIVORCEmate products with the strategic management and advisory expertise of LPIC - all for the benefit of the family law bar," explained Mark Harris, president of DIVORCEmate.
"We are looking forward to working with our new partner, who recognizes the importance of technology in a successful law practice. I appreciate LPIC's initiative and commitment to the future of family law in Canada," added Mr. Harris.
LPIC's investment in DIVORCEmate is consistent with its emphasis on helping lawyers use technology as one way to minimize the risks associated with law practice, pointed out LPIC President Malcolm Heins. "Family law lawyers, like others, are dealing with major changes: new child support guidelines, changing pension and income tax legislation, the unification of family courts, new family law forms, technology and the Integrated Justice project all add to the complexity of practice and to the demands being put on this segment of the bar.
"In this kind of climate, effective systems that facilitate practice are critical. We see DIVORCEmate's next generation of software as an important tool to help family law lawyers better manage their practices - and proactively avoid the risks of claims."
LPIC has already seen the benefits of this type of approach in TitlePLUS, its real estate conveyancing program, and in various initiatives launched under the practicePRO banner, such as an online COACHING CENTRE and other online communication tools, explained Mr. Heins. "Technology is here to stay - now we need the tools that leverage the opportunities that technology presents."
LPIC is a wholly-Canadian owned insurance company which currently provides professional liability insurance to approximately 18,000 Ontario lawyers, as well as title insurance through its TitlePLUS program.
DIVORCEmate Software Inc. is a privately held software company, whose products serve Canadian family law professionals including: lawyers; members of the judiciary; accountants; law professors; mediators; and numerous government and special interest groups. Its products currently are licensed to approximately 2,000 Canadian family law professionals, the majority of which are in Ontario and B.C.
On or about October 2, 2017