New Alliance Partnership to Provide Panoramic Customers with Transformative Cost Analytics Solutions

Dec. 05, 2019

Thomson Reuters today announced a new Alliance Partnership with Digitory Legal, provider of a leading cost analytics platform that offers data-driven pricing and cost prediction solutions to law firms. The partnership will benefit firms that use Thomson Reuters Panoramic™, the pioneering legal workflow management solution.

Digitory Legal’s award winning platform serves a wide range of firms in the industry, helping law firms leverage data to effectively scope, price, resource, and manage complex legal matters. By eliminating the need for manual fee earner coding, firms are able to save valuable time and effort even as they increase data quality.

Digitory Legal’s proprietary methodology incorporates both artificial intelligence (AI) and the Uniform Task Based Management System (UTBMS+), and transforms poorly structured billing data into actionable insight that provides unprecedented visibility into costs. This innovative approach helps law firms make better informed pricing decisions, increase realization, and prevent cost overruns.

Alliance Partnerships are one of four partnership categories within Thomson Reuters Elite and are mutually beneficial relationships that play an integral role in the legal practice management ecosystem. They provide the ability to deliver value to global clients, from automating business processes to increasing profitability and collaborating to solve today’s pressing business challenges.

The Thomson Reuters Elite Partner Program connects valued Elite clients with expert technology, services, and consulting organizations that represent dozens of major brands that complement Elite business management solutions. The Elite Partner Program provides a one-stop global marketplace that fosters cooperation, streamlines the buy-sell cycle, and helps all involved achieve a competitive edge. Elite partners are ready to innovate and collaborate with Elite clients to meet their technology needs head-on. For more information, visit Thomson Reuters Elite Partner Program.

Thomson Reuters Panoramic™ is a bold new workflow solution that enables lawyers to plan, manage, and execute legal matters with data-driven confidence. Built by firms, for firms, Panoramic pairs the depth of content provided through Practical Law™-drafted Thomson Reuters Matter Maps™ with the budget-to-actuals data provided by 3E® from Thomson Reuters Elite. Connecting the practice and business of law, Panoramic is an intuitive, easy-to-use platform that makes it easier for lawyers to perform work efficiently while having budget-to-actuals perspectives across all of their open matters. A cloud-based solution with an open integration framework, Panoramic allows for multiple secure connections to on-premises systems—giving firms the power to support their lawyers today and the flexibility to grow in the future. For more information, visit Panoramic.

Digitory Legal is a cloud-based litigation cost prediction and management solution for law firms and corporate legal departments. Using historical data and industry trends, Digitory Legal helps its customers understand what litigation matters cost and why. With this insight, law firms can align their resources and offer the right fee structures to meet clients’ needs.

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.