8-K

                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                           ---------------------------


                                    FORM 8-K

                                 CURRENT REPORT
     Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934


                      November 21, 2007 (November 20, 2007)
                Date of Report (Date of earliest event reported)


                               EPIQ SYSTEMS, INC.
             (Exact name of registrant as specified in its charter)


           Missouri                  0-22081                48-1056429
 (State or other jurisdiction      (Commission            (IRS Employer
       of incorporation)           File Number)        Identification Number)



                                501 Kansas Avenue
                            Kansas City, Kansas 66105
                    (Address of principal executive offices)

                                 (913) 621-9500
              (Registrant's telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):

     [ ]   Written communications pursuant to Rule 425 under the Securities Act
           (17 CFR 230.425).

     [ ]   Soliciting material pursuant to Rule 14a-12 under the Exchange Act
           (17 CFR 240.14a-12).

     [ ]   Pre-commencement communications pursuant to Rule 14d-2(b) under the
           Exchange Act (17 CFR 240.14d-2(b)).

     [ ]   Pre-commencement communications pursuant to Rule 13e-4(c) under the
           Exchange Act (17 CFR 240.13e-4(c)).

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Item 1.01    Entry Into a Material Definitive Agreement.

     On November 21, 2007, Epiq Systems, Inc. announced that it had closed on
the sale of 5,000,000 shares of the Company's common stock at a price of $16.60
per share to certain purchasers pursuant to a Placement Agency Agreement with
Wachovia Capital Markets, LLC, as placement agent, and various Subscription
Agreements with the purchasers named therein. The sale of the shares of common
stock was made pursuant to the Company's effective registration statement on
Form S-3 (File No. 333-145206).

     The Company will use the net proceeds of the offering of approximately
$78.5 million to pay down its senior revolving credit facility in full.

     The press release announcing the pricing of the offering of common stock is
filed as an exhibit to this report.


Item 9.01.   Financial Statements and Exhibits.

       (c)   Exhibits.

       The following exhibits are filed as part of this report:

 Exhibit No.     Description
 -----------     -----------

   99.1          Press release dated November 21, 2007, announcing the closing
                 of the offering of common stock.







                                   SIGNATURES

     Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.



                                         EPIQ SYSTEMS, INC.

Date: November 21, 2007

                                         By:    /s/ Tom W. Olofson
                                            ------------------------------------
                                         Name:   Tom W. Olofson
                                         Title:  Chairman of the Board, Chief
                                                 Executive Officer and Director

EX-99.1

                                                                    Exhibit 99.1

   Epiq Systems, Inc. Announces Completion of Common Stock Offering


    KANSAS CITY, Kan.--(BUSINESS WIRE)--Nov. 21, 2007--Epiq Systems,
Inc. (NASDAQ: EPIQ), a leading provider of integrated technology
solutions for the legal profession, today announced the completion of
the registered direct offering as previously communicated in our
November 16, 2007 news release. The offering is for 5,000,000 million
shares of common stock issued pursuant to its effective shelf
registration statement at an offering price of $16.60 per share.

    The net proceeds from this offering of approximately $78.5 million
will be used to pay in full the company's revolving credit facility,
thereby increasing the company's borrowing capacity under the existing
$100.0 million revolving credit facility and providing the company
increased flexibility to execute on strategic objectives.

    Wachovia Securities acted as exclusive placement agent for the
offering.

    A registration statement relating to these securities was filed
with and has been declared effective by the Securities and Exchange
Commission. This press release shall not constitute an offer to sell
or the solicitation of an offer to buy nor shall there be any sale of
these securities in any jurisdiction in which such offer, solicitation
or sale would be unlawful. Any offer will be made only by means of a
prospectus, including a prospectus supplement, forming a part of the
effective registration statement. Copies of the final prospectus
supplement together with the accompanying prospectus can be obtained
at the SEC's website at http://www.sec.gov or from Wachovia Capital
Markets, LLC, attention: Equity Syndicate Department, 375 Park Avenue,
New York, NY 10152, or at equity.syndicate@wachovia.com.

    Company Description

    Epiq Systems is a leading provider of integrated technology
solutions for the legal profession. Our solutions streamline the
administration of bankruptcy, litigation, financial transactions and
regulatory compliance matters. We offer innovative technology
solutions for electronic discovery, document review, legal
notification, claims administration and controlled disbursement. Our
clients include leading law firms, corporate legal departments,
bankruptcy trustees and other professional advisors who require
innovative technology, responsive service and deep subject-matter
expertise. For more information, visit us online at
www.epiqsystems.com.

    Forward-Looking and Cautionary Statements

    This press release contains forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933 and Section 21E
of the Securities Exchange Act, including those relating to the
possible or assumed future results of our operations and financial
condition. These forward-looking statements are based on our current
expectations and may be identified by terms such as "believe,"
"expect," "anticipate," "should," "planned," "may," "goal,"
"objective" and "potential." Because forward-looking statements
involve future risks and uncertainties, listed below are a variety of
factors that could cause actual results and experience to differ
materially from the anticipated results or other expectations
expressed in our forward-looking statements. These factors include (1)
the closing of the offering of common stock is subject to various
closing conditions specified in the Placement Agency Agreement with
Wachovia Capital Markets, LLC, which will be filed as an exhibit to a
Current Report on Form 8-K to be filed with the SEC this day, (2) any
material changes in our total number of client engagements and the
volume associated with each engagement, (3) any material changes in
our clients' deposit portfolios or the services required or selected
by our clients in engagements, (4) material changes in the number of
bankruptcy filings, class action filings or mass tort actions each
year, (5) risks associated with handling of confidential data and
compliance with information privacy laws, (6) changes in pricing
structures and arrangements, (7) risks associated with the integration
of acquisitions into our existing business operations, (8) risks
associated with the application of complex accounting rules to unique
transactions, including the risk that good faith application of those
rules and audits of those results may be later reversed by new
interpretations of those rules or new views regarding the application
of those rules, (9) risks associated with our indebtedness, and (10)
other risks detailed from time to time in our SEC filings, including
the prospectus dated October 11, 2007 and the prospectus supplement
dated November 15, 2007, with respect to the offering of our common
stock. In addition, there may be other factors not included in our SEC
filings that may cause actual results to differ materially from any
forward-looking statements. We undertake no obligations to update any
forward-looking statements contained herein to reflect future events
or developments.

    CONTACT: Epiq Systems, Inc.
             Mary Ellen Berthold, 913-621-9500
             ir@epiqsystems.com