Thomson Reuters Elite is the leading global provider of innovative business management solutions that enable law firms and professional services organizations to streamline operations, maximize efficiency, and increase visibility into all aspects of their businesses. Elite is focused on enabling firms of all sizes and locations to meet their true potential and provide the best service for their clients. For more information, visit Elite.
Since 2010, 69% Am Law 200 Firms Have Chosen 3E
Oct 6, 2017
Thomson Reuters Elite, part of Thomson Reuters Legal, today announced latest figures that highlight its continued success across the global legal industry. To date, 216 law firms worldwide have selected 3E® thanks to the leading technological capability and improved functionality of the 3E platform. In addition, 68% of global top 100 law firms who have bought a new system in the past five years chose the market-leading financial and practice management system.
Overall, 137 organizations have gone live on 3E, with 13 new go-lives in the last six months alone. 29% of these live clients have transitioned from the Elite legacy Enterprise® solution underscoring the growing success of the migration to 3E. Global firms that have signed up to 3E include:
- Reinhart Boerner Van Deuren s.c, a full-service, business-oriented law firm with offices in Milwaukee, Waukesha and Madison, Wisconsin; and Rockford and Chicago, Illinois
- Gordon, Arata, Montgomery, Barnett, McCollam, Duplantis & Eagan, LLC, an American law firm headquartered in New Orleans
- Milbank, Tweed, Hadley & McCloy LLP, a leading international law firm that provides innovative legal services to clients around the world
- Shook Lin & Bok LLP, a leading commercial law firm in Singapore with a strong Asian and global presence
These wins put 3E further ahead of its competitors. Among those firms that evaluated 3E as part of a migration to a new system in the past ten years, 3E has been selected by 38 Am Law 200 firms in comparison to Aderant Expert’s 17. This makes Elite the leading provider of legal enterprise financial solutions to the top law firms throughout the US.
In addition to the rapid growth of 3E, several other Elite solutions continue to gain significant ground in the marketplace. 90% of Am Law 200 firms, 92% of global 100 firms, and 62% of UK Top 100 firms now use at least one product in the Elite Enterprise Business Management Solution, continuing the trend for strong accelerated growth for Elite worldwide.
xcelerate Budgeting and Forecasting, a solution strategically designed to help firms protect profits has signed up 38 firms, pushing close to 200% growth compared to the previous 12 months and is on track for another record year.
MatterSphere®, the matter and document management component of the Elite Enterprise Business Management Solution is used by 161 firms globally. In addition, Business Development Premier, the business development and marketing solution, continues to experience growth. In total, 179 firms worldwide now use Elite business development products.
eBillingHub®, the market-leading solution for preparing, submitting, tracking, and managing electronic invoices has also enjoyed steady growth. Since launching to market, eBillingHub has been implemented by 82% of Am Law 100 firms and has processed 15 million e-bills. This outstanding success rate of the billing solution is directly attributable to the positive impact it has on these firms’ billing rejection rates, reducing the rate by 60%.
“3E continues to enjoy huge success in the market,” said Eric Ruud, managing director at Thomson Reuters Elite. “We continue to see truly amazing growth with a large number of firms selecting 3E over and above competitors, cementing our standout offering. In addition, other Elite Enterprise Business Management Solutions are enjoying extreme growth. As 2017 plays out, we can easily see this trend continuing, making for a very encouraging future.”
3E offers powerful core financial and practice management features and built-in application development capabilities, including multicurrency and multi-language support—all seamlessly integrated into one secure, 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. Visit 3E for more information.
xcelerate Budgeting and Forecasting is a web- and Microsoft Excel®-based solution for budgeting and forecasting of operating expenses, fee earner revenue, fee earner compensation, and capital expenditures. xcelerate is integrated into 3E and Enterprise and quickly plugs into human resources and payroll systems to push global assumptions from a firm-wide level down to the individual fee earners. Visit xcelerate for more information.
MatterSphere is a robust client and matter management system that provides firms with a single, unified way to view and manage day-to-day activities. Built entirely within the familiar Microsoft Office environment, MatterSphere automates and standardizes manual processes with built-in workflows and allows lawyers to easily manage clients, matters, documents, and all associated details in a familiar interface. As part of the Thomson Reuters Elite family of innovative solutions for professional services firms, MatterSphere provides a strong enterprise-class solution with limitless functionality that helps firms unify the entire matter life cycle, from beginning to end. For more information, visit the Elite Client & Matter Management page.
Business Development Premier combines ERM technology, marketing automation, and experience management to drive more successful marketing and business development initiatives. As an integral part of the Elite Enterprise Business Management Solution, Business Development Premier provides advanced functionality to help law firms and professional services organizations achieve significantly higher return on investment from their marketing and business development activities. For additional information, visit the Business Development Premier page.
eBillingHub delivers solutions to hundreds of clients, including more than 70% of the Am Law 200 firms, as well as medium and large firms in North America, Europe, and Asia Pacific. eBillingHub is a strong supporter of key industry standards as a member of the LEDES Oversight Committee and ILTA. eBillingHub, part of the Thomson Reuters family of innovative solutions for professional services firms, provides a comprehensive and collaborative approach for preparing, submitting, tracking, and managing electronic invoices. For more information, visit eBillingHub.