Litera, a leading legal technology group, has announced the acquisition of Office & Dragons, a company known for its innovative mass drafting and editing software that incorporates intuitive automation and generative AI to facilitate document workflows for legal professionals.
Samuel Smolkin, the founder and CEO of Office & Dragons, expressed his enthusiasm about joining forces with Litera. He mentioned that the entire team from Office & Dragons would be integrated into the new structure, hopeful for the growth opportunities that Litera’s vast resources and complementary products could offer.
Office & Dragons has been recognized for providing tools that significantly reduce the time spent on mass editing and document generation, boasting time savings of 85-97% in various legal practice areas such as Private Equity, Finance, Employment, Real Estate, and Litigation.
The integration of Office & Dragons into Litera’s technology suite is poised to revolutionize document handling, offering lawyers the capability to generate, edit, and redline documents with unprecedented speed and accuracy. This collaboration is expected to make a significant impact on the efficiency of legal workflows across different specialties.
Avaneesh Marwaha, CEO of Litera, praised Smolkin’s deep understanding of the market and his drive to develop robust solutions for the legal technology community. He described the acquisition as a crucial part of Litera’s strategy to extend its portfolio with essential tools that seamlessly integrate into lawyers’ native workflows.
Discussing the catalyst behind the acquisition, Smolkin shared that after two years of rapid growth, Office & Dragons was at a pivotal stage where scaling up was imperative. The options were numerous, ranging from self-funding to seeking venture capital or finding a strategic partner. Smolkin believed that aligning with Litera would offer the greatest advantages to both their customers and shareholders.
The connection between Litera and Office & Dragons began years ago, with Litera keeping a close watch on the latter as it expanded its market presence. The dialogue between the two companies matured at various industry events, culminating in the decision that a merger presented a logical step forward.
In terms of integration, Office & Dragons will enhance Litera’s suite of practice of law tools, joining top-notch solutions like Drafting, Transact, and Kira. This merger promises not only to add valuable features but also to enable seamless end-to-end workflows that could redefine how lawyers manage their processes.
For clients, the merger is expected to deliver substantial benefits, including faster execution of product roadmaps and improved support capabilities due to increased resources in engineering, development operations, security, and customer service.
Marwaha’s comments underscored the potential for creating integrations that resonate with daily legal practices. By marrying Office & Dragons’ capabilities with established Litera tools like Litera Compare for redlining, and Kira and Transact for streamlined workflow management, the combined force is setting a new standard in legal technology.
Both CEOs, Smolkin and Marwaha, envision Office & Dragons becoming an indispensable component of every lawyer’s toolkit, saving them hours of repetitive tasks, enabling focus on more strategic work, and enhancing overall quality of life.
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