Caret ( formerly AbacusNext) Strengths, Domain Expertise, and Key Differentiators
CARET is dedicated to empowering legal and accounting professionals by enabling them to focus on what matters most through its comprehensive suite of solutions—including CARET Legal, APX Payments, AbacusLaw, Amicus Attorney, Amicus Cloud, OfficeTools, and Abacus Private Cloud. By leveraging secure and scalable practice management and payment processing platforms, the company helps firms streamline operations, enhance client service, and drive meaningful growth.
Caret ( formerly AbacusNext) Recent Developments
In September 2024, CARET introduced CARET Analytics, an advanced data analytics platform developed to provide law firms with actionable insights that support strategic decision-making and operational efficiency. By transforming complex data into intuitive dashboards and reports, CARET Analytics enables firms to streamline workflows, enhance performance, and drive profitability.
In January 2024, the company introduced CARET Legal Workflows, a significant enhancement to its comprehensive feature set. This new capability is designed to streamline task management and automation for legal professionals, enabling greater efficiency, consistency, and control across legal processes. The launch marks a key advancement in CARET Legal’s commitment to delivering innovative solutions that support the evolving needs of modern law practices.
Caret ( formerly AbacusNext) Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying Caret ( formerly AbacusNext) 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 Caret ( formerly AbacusNext) 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 CARET Legal, Abacus Payment Exchange (APX), AbacusLaw, Amicus Attorney, Amicus Cloud, OfficeTools by Caret customers.
Caret ( formerly AbacusNext) Overview
2010 Jimmy Durante Blvd Suite 130
Del Mar, CA, 92014, United States
1-800-726-3339
Ownership: - Thomas H. Lee Partners
Number of Employees: 525
Functional Markets: Content Management, ERP Financial, ERP Services and Operations,
Key Verticals: Professional Services,
Caret ( formerly AbacusNext) Key Enterprise and Cloud Applications
CARET Legal, Abacus Payment Exchange (APX), AbacusLaw, Amicus Attorney, Amicus Cloud, OfficeTools by Caret
Caret ( formerly AbacusNext) Revenues, $M:
| Type/Year | 2023 | 2024 | 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.
Caret ( formerly AbacusNext) Revenue Breakdown By Type, $M:
Caret ( formerly AbacusNext) Enterprise Applications Revenues By Functional Markets, $M:
Caret ( formerly AbacusNext) Enterprise Applications Revenues By Verticals, $M:
Caret ( formerly AbacusNext) Revenues By Region, $M
| Region | % of Total Revenues | 2024 Total Revenues, $M | 2024 Enterprise Applications Revenues, $M | 2024 Cloud Applications Revenues, $M |
|---|---|---|---|---|
| Americas | Subscribe | Subscribe | Subscribe | Subscribe |
| EMEA | Subscribe | Subscribe | Subscribe | Subscribe |
| APAC | Subscribe | Subscribe | Subscribe | Subscribe |
| Total | Subscribe | Subscribe | Subscribe | Subscribe |
Caret ( formerly AbacusNext) Direct vs Indirect sales
| Type | Direct Sales | Indirect Sales | Total |
|---|---|---|---|
| Type % | Subscribe | Subscribe | Subscribe |
| Revenues, $M | Subscribe | Subscribe | Subscribe |
Caret ( formerly AbacusNext) Customers - Breakdown by Geo, Size, Vertical and Product
List of Verified Caret ( formerly AbacusNext) Customers
No. of Caret ( formerly AbacusNext) Customers: 12000+
No. of Caret ( formerly AbacusNext) Enterprise Applications Customers: 12000+
No. of Caret ( formerly AbacusNext) Cloud Customers: x
No. of Caret ( formerly AbacusNext) Cloud Subscribers: 1 milion
The company provides advanced technology and automation solutions to over 12,000 firms, including distinguished organizations such as Rolfes Henry, Otto Family Law, Okin Adams Bartlett Curry, Berry Law, Parks Zeigler, LaMagna McKenna, BYM Law, Newman & Lickstein, and many others.
Caret ( formerly AbacusNext) Market Opportunities, M&A and Geo Expansions
In January 2025, CARET announced the release of its new public API, alongside its first turnkey integration with launch partner Lawmatics a leading CRM, client intake, and marketing automation platform for law firms. This API launch provides CARET Legal users with enhanced flexibility to build custom applications and seamlessly integrate with third-party solutions. The initial integration with Lawmatics marks a significant step in CARET’s strategy to expand interoperability and streamline law firm operations through best-in-class technology partnerships.
In June 2024, CARET divested its enterprise document automation and assembly business, HotDocs, selling it to Mitratech—a global provider of technology solutions for legal, risk, and HR teams. This strategic move allows CARET to sharpen its focus on addressing the evolving technology needs of midsize law firms, reinforcing its commitment to delivering tailored, practice-centric solutions.
Caret ( formerly AbacusNext) Risks and Challenges
Since its founding in 1993, the landscape of legal practice management applications has evolved significantly. The rise of competitively priced cloud-based alternatives, combined with Gavel&Gown’s dependence on consultants, poses potential challenges to the appeal of Amicus Cloud. This is especially relevant considering the consultants' vested interest in the profitability of cloud sales.
Caret ( formerly AbacusNext) Ecosystem, Partners, Resellers and SI
CARET Legal collaborates with a diverse network of professionals, including IT consultants, accountants, practice advisors, and marketing consultants, who work with law firms nationwide. These strategic partners share a commitment to providing cutting-edge technology that enhances efficiency, collaboration, and profitability within legal practices. As the partner ecosystem continues to expand, CARET Legal works alongside esteemed partners such as 3545 Consulting, All Covered, Beyond Square One, Borek Consulting Group, C&S LegalTech, CopyScan, Cybersec Technology Management, DLC Consulting Services, Encore Technologies, Fusion CPA, LegalRun Solutions, MB Law Firm Consulting, Paragon Tech, Premier Software, Software Analysis Corporation, Time & Cents Consultants, and many more.
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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