Francisco Partners completed the investment in Paradigm at $400m valuation.

Francisco Partners, an investment firm, completed the investment in Paradigm, a legal software platform, at $400m valuation. Alpine Investors exits the investment. New York-based Paradigm, formerly known as ASG LegalTech, offers a wide range of technology tools including PracticePanther, Bill4Time, MerusCase, and Headnote to law firms. Its practice management software and integrated payments solutions are used by 11k law firms.