American Stenographic, LLC
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American Stenographic, LLC - overview
Location
-, NY, US
Primary Industry
Business Support Services
About
American Stenographic, LLC is a provider of court reporting and legal support services, focusing on enhancing efficiency and accuracy for legal professionals across the United States. Founded as a specialized provider of court reporting services, American Stenographic, LLC has undergone strategic acquisitions to enhance its operational capabilities. In May 2019, the company was acquired by Lexitas, a portfolio company of Trinity Hunt Partners. The company's headquarters is located in the United States.
No specific details about the founder are provided. American Stenographic, LLC offers a range of legal support services including court reporting, document review, record retrieval, process service, and legal talent solutions. These services are designed to cater to the specific needs of law firms and corporate clients, emphasizing accuracy and security during legal proceedings. Their court reporting service provides real-time transcription, which is essential for clients involved in litigation and corporate law.
The revenue model for American Stenographic, LLC is primarily based on B2B transactions with law firms and corporate clients who seek its specialized services. Clients pay for services such as court reporting and record retrieval either on a per-use basis or through service agreements, which can involve retainers for ongoing support. The company also offers advanced products like Deposition Insights+, which operates on a subscription basis, providing AI-driven transcript analysis. Looking ahead, American Stenographic, LLC plans to expand its service offerings and geographic reach.
The company is currently designing new products aimed at increasing operational efficiencies and enhancing client satisfaction. One of the critical initiatives is to launch advanced features for their existing services by the end of 2023. Furthermore, the company intends to penetrate international markets, specifically targeting Canada and the UK for expansion by 2024. The acquisition by Lexitas in May 2019 is expected to bolster these initiatives, providing the necessary resources and strategic direction needed to support their growth plans.
Current Investors
Lexitas
Primary Industry
Business Support Services
Sub Industries
Business Support Services
Website
www.americansteno.com
Company Stage
Add-on
Total Amount Raised
Subscriber access only
American Stenographic, LLC - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | American Stenographic, LLC | - |
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