LawNext Episode 27: Founder Eric Elfman On Onit’s $200M Investment

We thought 2018 was a banner year for investment in legal technology companies. But then, less than two weeks into 2019, the year got off to a roaring start with news of a $200 million strategic investment in Onit, a Houston company that provides enterprise workflow products for legal management, contract management and business process automation. To discuss one of the largest investments ever in a legal technology company, cofounder and CEO Eric M. Elfman is our guest this week on LawNext. Elfman cofounded Onit nine years ago, together with Eric Smith, now Onit’s chief technology officer. The two had previously founded DataCert, a provider of matter management and legal and IP spend management for corporate legal departments that was eventually acquired by Wolters Kluwer. A self-described serial entrepreneur, Elfman and host Bob Ambrogi discuss why he created the company and how its products, after some early pivots, matured to where…

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