New Solution Helps Law Firms Streamline and Optimize Compensation Management

Sept. 16, 2020

Thomson Reuters today announced the launch of Partner Compensation & Accounting from Thomson Reuters, a powerful solution that gives firms an accurate and secure process for handling partner compensation by automating and streamlining the process.

As part of the Advanced Financial Solutions from Thomson Reuters, Partner Compensation & Accounting automatically imports data and maps it to a firm’s specific needs, eliminating the need for manual data entry. The Automated Partner Performance Report shows net income distribution scheduling and statement generation within minutes, while the Partner Performance Report shows historical trends.

Partner Compensation & Accounting is a Microsoft® Excel®-based solution, so firms can get up-to-speed quickly and can manage exceptions and nuances in a familiar interface. Security automation allows firms to effectively control access to key data with minimal effort, ensuring only approved users can edit, view, update or delete data and worksheets.

Thomson Reuters is a leading provider of business information services. Our products include highly specialized information-enabled software and tools for legal, tax, accounting and compliance professionals combined with the world’s most global news service – Reuters. For more information on Thomson Reuters, visit tr.com and for the latest world news, reuters.com.

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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.