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.
Firm to Speed Up and Improve Billing Process with Pioneering Solution
Nov. 29, 2018
Thomson Reuters today announced that McKool Smith has selected eBillingHub®, the leading electronic billing solution designed specifically for law firms, to speed up their billing process. The firm—which has more than 160 lawyers across eight U.S. offices—chose the solution to reduce their rejection rates, write-offs, and write-downs. Currently, eBillingHub leads to an average 60% reduction in rejections and 50% reduction in write-offs.
The firm, which also utilizes the 3E® Enterprise Business Management Solution from Thomson Reuters Elite, will benefit from the integration capability of eBillingHub with 3E. This will further streamline financial operations by completing invoice processing, including proforma validation and invoice submission, on a highly streamlined basis. Since 2004, more than 22 million invoices have been processed using eBillingHub, while firms have seen an average 11-day time-to-pay improvement per invoice since 2013.
eBillingHub delivers solutions to 75% of the Am Law 200 firms, as well as firms of all sizes 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, integrates with 3E, Enterprise and ProLaw to provide a comprehensive and collaborative approach for preparing, submitting, tracking, and managing electronic invoices. For more information, visit eBillingHub.
With more than 185 trial lawyers across offices in Austin, Dallas, Houston, Los Angeles, Marshall, New York, and Washington, D.C., McKool Smith has established a reputation as one of America’s leading trial firms. Since 2006, the firm has secured eleven nine-figure jury verdicts and twelve eight-figure jury verdicts. The firm has also won more VerdictSearch and The National Law Journal "Top 100 Verdicts" over the last ten years than any other law firm in the country. Courtroom successes like these have earned McKool Smith critical acclaim and helped the firm become what The Wall Street Journal describes as “one of the biggest law firm success stories of the past decade.” McKool Smith represents clients in complex commercial litigation, intellectual property, insurance recovery, bankruptcy, and white collar defense matters.