CARET
“Can a 40-year-old legacy legal/accounting practice management vendor reinvent itself as the modern, AI-enabled, payments-integrated OS for midsize law firms?”
Founded1983
HQSan Diego, California, USA
IndustryVertical SaaS / Legal
The story
Founded in 1983 as AbacusNext, the company built practice management software for law and accounting firms over 40 years. Rebranded to CARET around 2023 and shifted toward a modern, integrated SaaS + payments strategy centered on CARET Legal and CARET Pay. Now focused on becoming the all-in-one vertical SaaS platform for midsize law firms, layering embedded payments and AI-enabled document workflows on top of the legacy AbacusLaw / Amicus Attorney / OfficeTools product portfolio.
Product timeline
1983
Founded as AbacusNext, building practice management software for legal and accounting firms.· founding
2023
Launched AI-enabled 'Quick Summary' feature in CARET Legal, powered by Azure OpenAI.· product
2023
Rebranded from AbacusNext to CARET; launched CARET Pay embedded payments.· pivot
2025
Launched public API and first integration with Lawmatics CRM.· product
2025
Appointed Jay Kuhlman as CEO to drive next phase of growth.· leadership
The stack
3 layers disclosed in CARET’s embedded-finance stack
Payments / PSP
StripePayrixAuthorize.netWells Fargo Merchant ServicesAmerican ExpressVantage Card ServicesForteVIMAS
Open banking
in the full report
Accounting
in the full report
Accounting gap: minor
8 more providers across 2 layers, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.