Xerdict

What Xerdict does

Xerdict LLC is a U.S. legal technology company that develops and delivers subscription-based web applications for legal matter management, collaboration, and document exchange. Founded in 2003 and headquartered in New Jersey, Xerdict operates as a wholly owned subsidiary of Tanenbaum Keale LLP, a trial law firm, and serves corporate law departments, law firms, manufacturers, insurance companies, real estate companies, and intellectual property holders. Its product surface is anchored by CaseEnsemble, a proprietary, web-based legal extranet and case management system that allows legal teams across multiple organizations and offices to share a single secure workspace for case tracking, master calendars, document collaboration, workflow status, email notifications, and full-text and coded-variable document search. Underlying technology is a relational-database-backed web application delivered as an Application Service Provider (ASP) hosted on Xerdict's secure, SOC 2 compliant data center, distinguished by a modular development methodology and document profiling technology that allow fields, screens, and menu options to be reconfigured without modifying core application code, enabling rapid customization for client-specific litigation matters such as asbestos, mass tort, product liability, and insurance litigation.

The company monetizes through recurring subscription contracts, with pricing not publicly disclosed and quotes delivered via consultative enterprise sales including a no-cost initial litigation technology support consultation. Go-to-market is direct enterprise field sales via phone and email, supported by thought-leadership activity in Above The Law, New Jersey Law Journal, Thomson Reuters, and ILTACON. Product footprint extends beyond CaseEnsemble to a January 2019 launch of a law firm CRM and a corporate law department cost tracking system for multinationals, and to custom-configured deployments for IP tracking and broader corporate legal expense management. Operational scale signals include 700,000+ matters tracked across systems as of September 2017 and 100% CaseEnsemble availability reported by AlertSite for the February-April 2018 period. No outside institutional funding, headcount figures, or revenue figures are disclosed in the available material.

Name

Xerdict

Legal name

Xerdict LLC

Website

https://xerdict.com

Company type

Private

Founded year

2003

Operating status

Operating

Short description

Xerdict LLC provides subscription-based web software, anchored by its CaseEnsemble legal extranet, that enables corporate law departments, law firms, manufacturers, and insurance companies to collaborate on litigation matters, manage cases, and track costs.

Ownership category

akta.pro rank

Headquarters

HQ city

Newark

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Subscription-based Legal Extranet Services: Legal extranet systems are typically subscription based. The subscription costs of a law firm extranet are typically more than offset with litigation support cost savings in areas such as reduction of periodic case status reports, document distribution, mailing and faxing expenses, and ad-hoc requests for information.

Pricing tiers

Go-to-market motion2 records

Distribution channels2 records

Marketing channels4 records

Core offering

Xerdict develops and delivers CaseEnsemble, a proprietary web-based legal extranet collaboration system hosted on secure servers and accessed via the Internet. The platform enables legal teams across different organizations and remote offices to share a single secure online area for case management information, master calendars, document collaboration, and work product posting, with off-the-shelf instantly customizable configurations tailored for complex litigation matters such as asbestos, product liability, and insurance litigation.

Product overview

Xerdict offers CaseEnsemble as its main product, a proprietary web-based legal extranet and case management system. The product provides legal matter management capabilities including case tracking, document collaboration, calendaring, and workspace management. Xerdict also develops customized versions of CaseEnsemble to support client-specific business needs such as CRM for law firms, corporate law department cost tracking, and various industry-specific configurations. The offering operates as a subscription-based ASP (Application Service Provider) model, where Xerdict hosts all systems on secure servers and delivers the litigation support solutions via the Internet.

Differentiator

Problem solved

Functional benefit

Products and services

• CaseEnsemble Proprietary, web-based law firm extranet collaboration system designed for legal matter management. Allows legal teams from different organizations and remote offices to share a single, secure, online area to track case management information, maintain a master calendar, collaborate on documents, and post work product. Features off-the-shelf, instantly customizable configurations for complex litigation matters including asbestos, product liability, and insurance litigation. Hosted via ASP model on Xerdict's secure servers with SOC 2 compliant data center.
• Law Firm CRM System Customer Relationship Management System designed specifically for law firms, developed as an extension of Xerdict's CaseEnsemble platform. Provides CRM capabilities tailored to legal practice needs.
• Corporate Law Department Cost Tracking System Cost tracking and reporting system designed for multinational corporate law departments to track and manage legal expenses, litigation costs, and matter budgets across the enterprise.

Quantifiable outcome

• 100% system availability for CaseEnsemble from 2/1/2018-4/30/2018
• +2 more outcomes

Named customers5 records

Segments4 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature8 records

Partnerships

Three partnerships are on record, tiered supporting.

• Network80supportingTechnology or Integration · 1 April 2018IT infrastructure partner that helps Xerdict provide exceptional service levels to clients. Xerdict thanks Network80 for their contribution to achieving 100% CaseEnsemble availability.
• RDXsupportingTechnology or Integration · 1 April 2018IT infrastructure partner that helps Xerdict provide exceptional service levels to clients. Contributed to achieving 100% CaseEnsemble availability.
• Corridor IncsupportingTechnology or Integration · 1 April 2018IT infrastructure partner that helps Xerdict provide exceptional service levels to clients. Contributed to achieving 100% CaseEnsemble availability.

Scale indicators3 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• NetDocuments: Cloud-based document management platform built for legal professionals with a security/compliance focus comparable to Xerdict's SOC 2-hosted extranet and case management offering.
• Everlaw: Cloud-based legal technology platform for litigation, investigations, and e-discovery. Comparable to Xerdict in serving litigation-heavy legal teams with collaborative, hosted matter workflows.
• Clio: Leading cloud-based legal practice management SaaS for law firms. Comparable to Xerdict as a subscription-hosted, web-based platform for legal matter, document, and calendaring workflows, though skewed toward smaller firms.
• iManage: Provider of document and email management (DMS) purpose-built for law firms and corporate legal departments. Highly comparable to Xerdict in serving enterprise legal teams with secure, collaborative matter-centric content management.
• Relativity: eDiscovery and legal review platform widely used by law firms and corporate legal teams on complex litigation. Overlaps with Xerdict in large-scale litigation matter management and multi-party collaboration use cases.
• Logikcull: Self-service eDiscovery and legal document review platform. Comparable as a cloud-hosted subscription legal-tech product serving similar buyer personas of law firms and corporate legal departments.
• Onit: Enterprise legal management and workflow automation platform serving corporate legal departments and law firms, addressing matter management, contracts, and spend management similar to Xerdict's case and cost tracking.
• DISCO: Legal technology company providing cloud-based ediscovery and case analytics. Overlaps with Xerdict in supporting large-scale litigation and document review workflows for law firms and corporate counsel.
• Mitratech (TeamConnect): Enterprise legal matter management and e-billing platform used by corporate law departments. Closely comparable to Xerdict's cost-tracking and matter-management capabilities for in-house legal teams.

Broad incumbents

• Thomson Reuters (Legal Tracker / Practical Law): Large incumbent provider of legal information, practice tools, and legal operations software (including Legal Tracker for e-billing and matter management). Competes broadly with Xerdict in enterprise legal management and has cited Xerdict's leadership in its own thought-leadership content.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/xerdict-group-llc

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Xerdict