New Wins Demonstrate the Strength of The Elite Ecosystem

December 4, 2017

Thomson Reuters Elite, part of the Legal business of Thomson Reuters, has today announced that a number of clients have purchased new partner products through The Elite Business Intelligence (BI) Marketplace. The BI Marketplace is a solution ecosystem that provides clients with business intelligence products from Elite partners with different price points and functionality, all designed to provide firms with the business intelligence that best fits their needs.

Worldwide firms have signed up for DW Reporting, a key BI Marketplace offering. One of these is Fasken Martineau DuMoulin (“Fasken”), an international business law firm staffing more than 700 lawyers, which will install DW Reporting as part of its ongoing transition from Enterprise® to 3E®. DW Reporting will provide a user-friendly, flexible cost allocation tool for determining cost rates for profitability calculations and gathering revenue data. In addition, the open architecture of DW Reporting will allow Fasken to augment and build ad-hoc reports in-house.

In addition, Iridium Technology, a complete business intelligence and profitability solution designed and built specifically for law firms, has seen more firms sign up for its profit module based on a cube that supports analysis of client, matter, office, department, and several persona role functions. Now, with profitability statistics available at all times, this data enables the firms that have signed up for Iridium to make time and informed decisions on pricing, staffing, and measuring the performance of their business units.”

Founded in 2013, DW Reporting is a legal-specific financial reporting and business intelligence solution provider that helps international, national, and regional law firms turn their incoherent and separate data sets into consolidated and effective business information. DW Reporting has helped organizations make better sense of their core business asset—data, assisting in the management and visualization of significant volumes of data into a simple and user-friendly format, as well as the real-time delivery of advanced reporting solutions. This gives business users better decision-making information, while still allowing them to quickly access the granular detail where needed.

Iridium Technology is a global firm focused specifically on business intelligence for legal and professional services firms. Firms make large investments in business intelligence applications; the Iridium Technology mission is to make sure firms receive maximum value for their business intelligence investment.

Both Iridium Technology and DW Reporting are part of the Elite Global Strategic Alliance Program, which provides a one-stop global marketplace that fosters cooperation, streamlines the buy-sell cycle, and helps all involved achieve a competitive edge. Elite alliance members are experienced technology, services, and consulting organizations ready to innovate, collaborate, and help our clients solve their most pressing business challenges. Visit the Global Strategic Alliance Program page to learn more about the benefits of collaborating with Elite.

Fasken is a leading international law firm with more than 700 lawyers and nine offices on four continents. The firm provides practical, innovative, and cost-effective legal services. Fasken solves the most complex business challenges with a philosophy of providing exceptional value and putting clients first.

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.

Elite is the leading global provider of an end-to-end enterprise business management solution, which 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 more information, visit Elite.