2021: Bodhala’s Year in Review

2021…where do we begin?! This was a monumental year for our business. Awards were won, bigger and bigger deals were closed, new products were released — and we were acquired by a company that you may have heard of (more on all that later!).

While we’re still working remotely, we did get to come together in person on several occasions for meetings, workshops, and dinners — plus one rooftop party for the books. We got to physically meet the faces we see on Zoom every day, reconnect with colleagues we haven’t seen since our office shut down, and finally find out how tall some people really are.

Our people are the foundation of our business. Having all of our brilliant minds together has been nothing short of invigorating.

Now, let’s dive into some of the highlights from the last twelve months!

Acquired by Onit!

It’s no surprise that our biggest news of the year was being acquired by Onit. We officially joined the Onit family of companies as an independent subsidiary in September. 

Onit is the indisputable market leader in enterprise legal management, contract lifecycle management, and business process automation solutions — and we’re looking forward to continuing to usher in a new exciting phase of legaltech together in the years ahead.

With this exciting culmination of many years of hard work, we had to celebrate appropriately. We gathered with nearly all Bodhala employees, as well as many new teammates from Onit, in New York City for an amazing rooftop celebration. It was a great feeling to not only get our team back together after 18 months, but also to meet many of our new Onit family members. It was an apt celebration of success, as well as a strong kick-off to our next chapter!  

We Iterated & Improved

We continued to invest in our product, iterating where necessary and building where we saw the need. Our platform is the lifeblood of our business and we remain devoted to making our user experience better by the day. We’re proud to serve some of the largest companies in the world, helping them achieve their strategic spend priorities.

Thanks to the remote nature of our current work environment, we’ve expanded our talent pool, hiring new Bodhalians from not just around the country but around the world. We’ve grown our Client Success and Product/Data teams this past year, understanding the critical role these two functions play in serving our clients. 

Bodhala was founded to transform the legal industry and be the single source of truth for actionable insights on outside counsel spend. We’re proud to not only be a category creator but be the indisputable leader in this space. 

Released New QBR Program 

Corporate legal departments are increasingly acknowledging the importance of data but don’t exactly know how to get started — and we wanted to help.

We launched our Quarterly Business Review Program in October as an easy way for corporate legal departments to get their feet wet in legal data analytics. Our QBR program gives in-house teams the clarity on their legal spend that’s necessary to make more strategic decisions, impacting both their outside counsel spend and management.

All We Do is Win, Win, Win…

We’re both honored and humbled to see our hard work recognized. In 2021, Bodhala was named:

Overall Legal Analytics Solution of the Year by LegalTech Breakthrough Awards

101 Most Innovative New York Based Machine Learning Companies by Futurology

A New York City Company to Watch in 2021 by Built in NYC

Hot Off the Press

We can’t lie — we love the limelight. 

We’re proud to be a consistent thought leader for the industry, being featured in many mainstream and industry publications, including The Wall Street Journal, Business Insider, Nasdaq’s World Reimagined Podcast, Reuters, VC News Daily Podcast, PE Hub, and many more. You can check out all our press here.

Looking Back

2021 was a transformational year not only for our business but also for the entire legal tech industry. We could not be more excited to carry our momentum into 2022 and continue to drive this major wave of legal tech innovation. But we’re not finished yet! Big goals lie ahead in 2022 but we’re fortunate to have the best and the brightest on our side to help tackle our mission. 

We look forward to bringing you more exciting news in 2022!

Wishing you and yours a happy & healthy holiday season!

– Your friends at Bodhala