Baker Hostetler Chooses 3E for Superior Financial Management and Mobility Capabilities
3E Provides More Powerful Dashboard Metrics and Aligns with Firm’s Progressive Mobility Strategy
LOS ANGELES, Mar. 9, 2012 – Elite, a Thomson Reuters business, today announced that Baker Hostetler has decided to upgrade from Elite Enterprise to ELITE 3E® to take advantage of its advanced technology system that will transform how the firm conducts business and provides client service. Baker Hostetler is an AmLaw 100 law firm with more than 800 attorneys and 11 offices.
Specifically, the firm is impressed with 3E’s superior financial management innovations that will facilitate better financial reporting and measurement as well as improve internal processes. The firm also anticipates that 3E will improve profitability by helping it better manage alternative fee arrangements (AFAs) with clients.
Furthermore, the 3E iPad® application will support Baker Hostetler’s mobility strategy, which will allow its lawyers to access key data, including client and matter info, time entry, and proforma review and markup. Firm management can access comprehensive firm-level key performance indicators, such as productivity, firm profitability, and accounts receivable on the iPad, iPhone® and Blackberry®.
“As the firm has continued to grow, we could no longer deny the many benefits of moving from Enterprise to 3E, especially if we wanted to maintain a competitive edge, said Bob Craig, CIO at Baker Hostetler LLP. “We are particularly excited about using the 3E iPad app as we have aggressive plans to equip our lawyers with these devices. With more information at their fingertips, our attorneys can provide better legal counsel and client service.”
Baker Hostetler serves a variety of clients, including 10 of the FORTUNE 25, and is ranked among the largest law firms on the AmLaw 100. Headquartered in Cleveland, the firm’s practice groups include business, employment, intellectual property, litigation and tax.
“One of the things we hear most often from our 3E clients is the need to ‘future-proof’ their technology systems. The beauty of 3E is its ability to extend its capabilities based on evolving client needs, such as AFAs and mobile access,” said Kim Massana, president of Elite. “We look forward to extending our relationship with Baker Hostetler.”
Elite 3E offers powerful core financial and practice management features and built-in application development capabilities – all seamlessly integrated into one high-performance system. Designed from the ground up on Microsoft.NET, 3E provides an integrated development environment that enables firms to become more agile in responding to client needs. A full suite of capabilities is delivered through a consistent web-based user experience that allows staff to easily track and manage activity on a multi-office, global scale.
About Baker Hostetler
Founded in 1916, Baker Hostetler is among the nation's 100 largest law firms with 800 attorneys coast to coast, delivering the highest quality legal counsel on the most complex and critical issues facing clients today. The firm has offices in Chicago, Cincinnati, Cleveland, Columbus, Costa Mesa, Denver, Houston, Los Angeles, New York, Orlando and Washington, D.C. Its five primary practice groups are business, employment, intellectual property, litigation and tax. For more information, please visit www.bakerlaw.com
About Thomson Reuters Elite
Thomson Reuters Elite offers an end-to-end enterprise business management solution that allows law firms and professional services organizations to run all operational aspects of their firms including business development, risk management, client and matter management, and financial management. For over 60 years, we’ve demonstrated we understand the business and financial aspects of firm operations, with proven tools that streamline processes to increase visibility and workflow efficiency across the organization and provide the flexibility to change and grow your business. For more information, visit Elite.
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