FileTrail
FileTrail provides cloud-based information governance and records management software for law firms and corporate legal departments, automating compliance, retention, attorney transfers, and physical/electronic records workflows. Acquired by Litera in July 2024.
- Company typePrivate
- Founded2000
- HeadquartersAustin, United States
- Headcount51–100
- GTM typeB2B
- OfferingSoftware
What FileTrail does
FileTrail is a US-based enterprise software provider of information governance and records management solutions, founded in 2000 and headquartered in Chicago. The company serves law firms of all sizes and corporate legal departments with a cloud-based platform that automates compliance with internal policies, governmental regulations, and outside counsel guidelines (OCG). Core capabilities include retention and disposition management, attorney transfer automation, matter mobility, RFID and barcode tracking for physical records, and integration with leading document management systems (EDMS) and physical records providers such as Iron Mountain and Access Corp. AI and natural language processing capabilities were added through the January 2022 acquisition of Teravine, Inc. (and its Provident software), enabling AI-powered compliance monitoring and policy analysis as an enhancing feature layer over the records management core.
FileTrail's product portfolio is structured around three surfaces: a general information governance platform, a law-firm-specific module (FileTrail for Law Firms) focused on attorney onboarding transfers and matter mobility, and a corporate module (FileTrail for Corporate) extending the platform to in-house legal teams managing litigation, contracts, IP, and outside counsel guidelines. The platform is sold via annual subscription licensing on a quote-based pricing model, with custom enterprise pricing determined through consultative sales engagement.
The company was acquired by Litera, a global legal technology provider, in July 2024 and now operates as a wholly-owned subsidiary within Litera's Information Governance + Records Management portfolio. Distribution has been substantially enhanced by Litera's enterprise field sales force and global operations, with FileTrail now benefiting from access to Litera's installed base of 4,000+ law firms. Prior to the Litera exit, FileTrail itself was a serial acquirer, completing the OmniRIM Solutions acquisition in October 2020 and the Teravine acquisition in January 2022 to extend capabilities in physical records management and AI-enabled governance respectively.
FileTrail firmographics
Firmographics- Name
- FileTrail
- Legal name
- FileTrail, Inc.
- Website
- https://filetrail.com
- Company type
- Private
- Founded year
- 2000
- Operating status
- Acquired
- Headcount range
- 51–100 employees
- Short description
- FileTrail provides cloud-based information governance and records management software for law firms and corporate legal departments, automating compliance, retention, attorney transfers, and physical/electronic records workflows. Acquired by Litera in July 2024.
- Ownership category
- akta.pro rank
FileTrail industry classification
Industry- Product category
- Legal Information Governance Software
- NAICS
- Document Preparation Services (56141), Libraries and Archives (51921)
- SIC
- Services-Computer Programming, Data Processing, Etc. (7370), Services-Computer Processing & Data Preparation (7374)
- akta.pro primary industry
- Records Digitization & Archiving (Legacy Files, Retention Support) (BPAAAKAG)
- akta.pro secondary industries
- eDiscovery, Document Coding & Litigation Support Data Processing (BPAAAKAH), Document Services (Copy/Print/Scan, Records Handling) (BPABAEAG), Image/Document Quality Assurance (QC), Redaction & Compliance Prep (BPAAAKAK)
Keywords
Where FileTrail is headquartered
LocationHeadquarters
- HQ city
- Austin
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
FileTrail business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Marketing or Sales, Operations, Infrastructure
Revenue model
- Enterprise Software Licensing: Subscription-based licensing model for information governance and records management software targeting law firms and corporate legal departments. Sold as part of Litera's comprehensive legal technology suite.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Enterprise licensing with custom pricing |
Go-to-market motion1 record
Distribution channels4 records
Marketing channels9 records
FileTrail product offering
Product offeringCore offering
FileTrail provides a cloud-based information governance and records management platform for law firms and corporate legal departments. The platform automates compliance with internal policies, governmental regulations, and outside counsel guidelines through retention and disposition management, RFID/barcode tracking, attorney transfer automation, and AI-powered natural language processing capabilities.
Product overview
FileTrail is an information governance and records management platform that offers a unified solution for law firms and corporate legal departments to automate compliance, manage retention/disposition, and streamline legal records management. The platform operates as part of Litera's portfolio following Litera's July 2024 acquisition of FileTrail. Prior to that, FileTrail had itself acquired Teravine (including Provident software) in January 2022 to enhance AI and NLP capabilities. FileTrail integrates with leading document management systems and physical records providers (Iron Mountain, Access Corp) for migration services. The platform includes modules for law firm-specific features (attorney onboarding transfers, matter mobility) and corporate legal features (centralized IG across documents and physical records).
Differentiator
Problem solved
Functional benefit
Products and services
- FileTrail Information Governance Platform A modern information governance platform that automates compliance with internal policies, governmental regulations, and outside counsel guidelines, providing retention and disposition management to reduce risk and storage costs.
- FileTrail for Law Firms An information governance solution tailored for law firms that integrates with leading document management systems, automates file transfers for attorney moves and client requests, and manages legal records, matter mobility, and physical archiving.
- FileTrail for Corporate An information governance solution for corporate legal departments that centralizes IG across electronic documents and physical records, configurable for litigation matters, contracts, outside counsel guidelines, leases, and intellectual property.
Quantifiable outcome
- Over 4,000 law firms using the platform
Companies that use FileTrail
Customer profileNamed customers2 records
Segments2 records
Ideal customer profiles2 records
FileTrail technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration3 records
AI capability3 records
Feature6 records
FileTrail partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered core.
- LiteracoreLitera acquired FileTrail in July 2024 to add essential solutions to Litera's suite of legal tools that unify data management, simplify compliance, streamline transfers, and optimize record disposition. FileTrail is now integrated as a core product within Litera's Information Governance + Records Management portfolio.
- Teravine, Inc.coreAcquired by FileTrail in January 2022. Teravine was a Kansas-based software company specializing in governance solutions for law firms. The acquisition brought the Provident software, adding integrated AI, natural language processing, and improved compliance features to FileTrail's information governance suite.
Scale indicators1 record
Recent moves5 records
Expansion highlights5 records
FileTrail competitors and assessment
Company assessmentDirect peers
- iManage: iManage is a leading document and email management platform purpose-built for legal professionals. It directly overlaps with FileTrail in serving law firm records, matter, and governance workflows and is the type of DMS FileTrail integrates with.
- NetDocuments: NetDocuments is a cloud-native document management and collaboration platform serving law firms and corporate legal teams. It competes and integrates with FileTrail for legal records and governance workflows.
- Epiq: Epiq provides eDiscovery, document review, and legal data management services to law firms and corporate legal departments. Its document and records services overlap with FileTrail's litigation and compliance records use cases.
- Access Corp: Access Corp offers records management, information governance, and compliance software. It both integrates with FileTrail (per FileTrail's partner list) and competes in records management for legal and regulated industries.
Emerging players
- Relativity: Relativity is an eDiscovery and legal review platform with growing compliance and data governance capabilities (RelativityOne). It partially overlaps with FileTrail's litigation-related records management use cases.
- AvePoint: AvePoint provides records management, governance, and compliance solutions, particularly for Microsoft 365 environments. It overlaps with FileTrail's compliance and retention automation use cases, with growing legal vertical presence.
- Exterro: Exterro offers a legal GRC platform spanning eDiscovery, privacy, and information governance. It overlaps with FileTrail's records, retention, and compliance automation value proposition for corporate legal departments.
Broad incumbents
- Iron Mountain: Iron Mountain is a global leader in physical records storage and information management. It is a FileTrail integration partner for physical records migration but also operates adjacent records and IG services at scale.
- OpenText: OpenText is a broad enterprise content and information management incumbent. It competes with FileTrail in records management and compliance at the enterprise level, though without FileTrail's legal-vertical specialization.
- Veritas Technologies: Veritas is an enterprise data protection and information governance incumbent (Enterprise Vault, etc.). It competes at the high end of records management and compliance for large enterprises, including legal departments.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat5 records
Key risks5 records
Key highlights6 records
Customer concentration
FileTrail social profiles
Digital presenceFileTrail financial estimates
Financial estimateRevenue estimate
Valuation estimate
FileTrail leadership team
Management profileNumber of profiles
Profiles1 record
FileTrail subsidiaries and ownership
Company hierarchySubsidiaries1 record
FileTrail funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
FileTrail M&A and investment
M&A and investmentM&A2 records
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about FileTrail
What does FileTrail do?
FileTrail provides a cloud-based information governance and records management platform for law firms and corporate legal departments. The platform automates compliance with internal policies, governmental regulations, and outside counsel guidelines through retention and disposition management, RFID/barcode tracking, attorney transfer automation, and AI-powered natural language processing capabilities.
Is FileTrail a public or private company?
FileTrail is a private company. It is classified as corporate owned and is currently acquired.
When was FileTrail founded?
FileTrail was founded in 2000. It employs 51 to 100 people.
Where is FileTrail based?
FileTrail is headquartered in Austin, United States, in the North America region.
How does FileTrail make money?
One revenue line is on record: enterprise Software Licensing.
Who are FileTrail's main competitors?
Direct peers on record are iManage, NetDocuments, Epiq and Access Corp. Emerging players are Relativity, AvePoint and Exterro. Broad incumbents are Iron Mountain, OpenText and Veritas Technologies.
Does FileTrail have an API?
No public API is recorded for FileTrail.
What industry is FileTrail in?
FileTrail's product category is Legal Information Governance Software. Its primary akta.pro industry code is BPAAAKAG, Records Digitization & Archiving (Legacy Files, Retention Support), with a secondary code of BPAAAKAH, eDiscovery, Document Coding & Litigation Support Data Processing. Its NAICS code is 56141 and its SIC code is 7370.