Rocket Matter
Headquarters
Boca Raton, FLFounded
2007Employees
51-200Funding
AcquiredProducts
1 product listedAvg. AI Score
7.3/10Website
rocketmatter.com/
Profile updated
About Rocket Matter
Rocket Matter develops cloud-based legal practice management software for law firms. The company was founded in 2007 by Larry Port and Rob Lambrecht and is headquartered in Boca Raton, Florida. It was among the early entrants in web-based legal practice management, offering an alternative to on-premise software used by law firms at the time.
The platform provides tools for time and billing, trust accounting, case and document management, and client intake for solo practitioners and small to mid-sized law firms. Rocket Matter competes with other legal practice management vendors such as Clio and MyCase in serving small firm and solo attorney segments.
Rocket Matter was acquired by ProfitSolv, a portfolio company backed by Riverside Company that consolidates legal and professional services software brands, expanding its position within a broader suite of practice management and billing products for law firms and other professional services organizations.
Specialties
Products by Rocket Matter
All products by Rocket Matter reviewed by our AI panel of experts.
Competitive Landscape
Who Rocket Matter competes with, and how they differ.
Clio is the category's dominant, independently VC-backed platform (Series D+ funded, 400,000+ legal professionals) versus Rocket Matter's position as one of several practice-management brands owned by PE-backed roll-up ProfitSolv; Clio also runs its own integrated payments and a large third-party app marketplace.
1 product reviewed on TopReviewedMyCase targets the same solo/small-firm cloud case-management segment with billing and client communication tools; like Rocket Matter it now sits inside a payments-company roll-up (AffiniPay, parent of LawPay, acquired MyCase in 2022) rather than operating independently.
1 product reviewed on TopReviewedPracticePanther is an independently-run (non-PE-rollup) all-in-one alternative at comparable entry pricing (roughly $49-59/user/month) to Rocket Matter, differentiated by native two-way business texting, built-in eSignature, and its own PantherPayments processing bundled into every tier.
Company Timeline
Key milestones in Rocket Matter's history, with sources.
- Funding
Parent ProfitSolv secures strategic growth investment co-led by FTV Capital and Lightyear Capital
ProfitSolv, the ProfitSolv holding company that owns Rocket Matter, secured a "substantial" strategic investment co-led by FTV Capital (joining existing owner Lightyear Capital); deal amount undisclosed.
lawnext.com - Launch
Debuts shared automated workflows with sibling platform CosmoLex
Rocket Matter and fellow ProfitSolv-owned platform CosmoLex jointly introduced automated workflow features for busy law firms.
businesswire.com - Launch
Unveils "Rocket Matter NextGen" redesigned platform
Rocket Matter released a reimagined version of its practice-management platform with improved QuickBooks Online integration, SOC 2-compliant security, and customizable, practice-area-specific matter workflows.
lawnext.com - Launch
Launches ChatGPT integration for legal workflow automation
Rocket Matter announced a ChatGPT integration aimed at automating legal workflow tasks for law firms using the platform.
businesswire.com - Acquisition
Acquired by Lightyear Capital, becoming a founding platform of ProfitSolv
New York private-equity firm Lightyear Capital acquired Rocket Matter along with TimeSolv and ImagineTime to form ProfitSolv, a professional-services software holding company; deal price undisclosed, Greater Sum Ventures took a minority stake, and Kelley Castell became ProfitSolv CEO.
abajournal.com - Launch
Rocket Matter publicly launches as an early cloud-based legal practice-management platform
Rocket Matter announced itself publicly, describing the product as one of the first online legal billing and practice-management platforms for law firms.
rocketmatter.com - Milestone
First customer installation at Shiner and Sosin P.A.
Rocket Matter installed its software for its first law-firm customer, Shiner and Sosin P.A., ahead of its public launch.
rocketmatter.com - Founded
Rocket Matter founded — first lines of code written
A group of attorney friends wrote the first lines of code for a cloud-based legal billing and practice-management application, per the company's own history page.
rocketmatter.com
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