Actionstep Strengths, Domain Expertise, and Key Differentiators
Actionstep's cloud-based platform offers an all-encompassing legal practice management system, streamlining various tasks such as client relationship management, matter management, billing & trust accounting, document automation & storage, time tracking, and reporting. This integration of critical functionalities enables law firms to improve operational efficiency and focus on serving clients effectively.
Additionally, Actionstep's product portfolio includes three well-designed plans – Express, Practice Pro, and Enterprise – catering to law firms of all sizes and shapes. The incorporation of future-ready technology, such as AI and ML features, sets Actionstep apart as an innovative and forward-thinking solution provider in the legal tech industry.
Actionstep Recent Developments
In November 2022, Actionstep introduced a new payment solution – Actionstep Payments. This comprehensive payment solution is now accessible to Actionstep customers in the United States. Actionstep Payments offers a versatile array of online payment options, streamlining the invoicing process and enhancing efficiency for law firms. This solution not only facilitates seamless invoice payments for firm clients but also contributes to significant time savings by automating the tasks associated with entering, processing, and following up on payments.
In September 2020, Actionstep made significant strides by partnering with Serent Capital, securing an investment that bolstered its global expansion and growth initiatives in the United States market.
Actionstep's cloud-based legal practice management system has gained traction among small and mid-sized law firms worldwide. Its innovative platform streamlines case and administrative work, enhancing operational efficiency and providing a competitive edge to its clients.
Actionstep Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying Actionstep applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of Actionstep and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified Actionstep customers.
Actionstep Overview
Level 17, AON Centre
Auckland, x, 1010, New Zealand
64 0 9379-3939
https://www.actionstep.com/
Ownership: - x
Number of Employees: 120
Functional Markets: Content Management, CRM, ERP Financial, ERP Services and Operations,
Key Verticals: Professional Services,
Actionstep Key Enterprise and Cloud Applications
Actionstep
Actionstep Revenues, $M:
| Type/Year | 2022 | 2023 | YoY Growth, % |
|---|---|---|---|
| Total Revenues, $M | Subscribe | Subscribe | Subscribe |
| Enterprise Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
| Cloud Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
* Enterprise Applications Revenues = License + Support & Maintenance + SaaS
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.
Actionstep Revenue Breakdown By Type, $M:
Actionstep Enterprise Applications Revenues By Functional Markets, $M:
Actionstep Enterprise Applications Revenues By Verticals, $M:
Actionstep Revenues By Region, $M
| Region | % of Total Revenues | 2023 Total Revenues, $M | 2023 Enterprise Applications Revenues, $M | 2023 Cloud Applications Revenues, $M |
|---|---|---|---|---|
| Americas | Subscribe | Subscribe | Subscribe | Subscribe |
| EMEA | Subscribe | Subscribe | Subscribe | Subscribe |
| APAC | Subscribe | Subscribe | Subscribe | Subscribe |
| Total | Subscribe | Subscribe | Subscribe | Subscribe |
Actionstep Direct vs Indirect sales
| Region | Direct Sales | Indirect Sales | Total |
|---|---|---|---|
| Type % | Subscribe | Subscribe | Subscribe |
| Revenues, $M | Subscribe | Subscribe | Subscribe |
Actionstep Customers - Breakdown by Geo, Size, Vertical and Product
List of Verified Actionstep Customers
No. of Actionstep Customers: x
No. of Actionstep Enterprise Applications Customers: x
No. of Actionstep Cloud Customers: x
No. of Actionstep Cloud Subscribers: x
Actionstep has successfully won the trust of various prestigious law firms worldwide. Among its clientele are Arrowsmith Law Limited, Johnstone & Reimer, ASCO Legal, Lesok Law, Blackstone Chambers, Regent Law, Clumber Consultancy, Taylor Law, Ignition Law, Elder Law of East Tennessee, Layers Conveyance Australia, and many others.
Moreover, the company's presence in different regions, including New Zealand, Australia, the United Kingdom, Canada, and the United States, highlights its commitment to serving customers across borders.
Actionstep Market Opportunities, M&A and Geo Expansions
Actionstep's collaboration with Serent Capital has opened up exciting opportunities for the company to capitalize on both horizontal and vertical markets. As AI and ML continue to reshape the M&A landscape, Actionstep's platform can play a pivotal role in streamlining due diligence processes, enabling deal-makers to perform tasks efficiently and with greater regulatory compliance.
The company's focus on global expansion presents the opportunity to tap into new regions, further penetrating the legal tech market and catering to the evolving needs of law firms worldwide. The technology integrations offered by Actionstep, which enable seamless connectivity with popular software products like Box, Dropbox, Microsoft Office, and more, facilitate widespread adoption and enhance its competitive advantage.
Actionstep Risks and Challenges
As Actionstep expands into new continents, the company must ensure compliance with regional regulations, adapt to local business practices, and navigate potential cultural differences, which could pose operational challenges.
In the rapidly evolving legal tech industry, competition is fierce. Actionstep must stay ahead of emerging trends and continue to innovate to maintain its competitive edge.
Moreover, the integration of three different continents could present management and operational complexities that require careful coordination and resource allocation.
Actionstep Ecosystem, Partners, Resellers and SI
Actionstep's technology integrations with various software products, including Box, Bundledocs, Dropbox, Gmail, Google Drive, HotDocs, Infotrack, Microsoft Office, NetDocuments, QuickBooks Online, Xero, and Zapier, enhance the platform's versatility and appeal to a broad customer base.
The partnership with Serent Capital adds value to the ecosystem, providing expertise and financial resources to facilitate strategic growth and product enhancement.
Actionstep Cloud Infrastructure Insights
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- Actionstep Public Cloud and Infrastructure (IaaS)
- Actionstep Platform (PaaS)
- Actionstep Application Delivery
- Actionstep Private Cloud and Data Centers
Research Methodology
Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.
Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).
For additional information on our methodologies, here's the link:
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