Global News
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:
These wins also underline the market-leading position of 3E in regard to its competitors. This decade, 3E has been selected by 38 Am Law 200 firms in comparison to Aderant’s 17. This makes Elite the leading provider of legal enterprise 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.”
Thomson Reuters Elite offers an end-to-end enterprise business management solution that 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. Our next-generation technology connects people, tasks, workflows, and business processes and is tailored to help firms and organizations meet organizational requirements and strategic goals.
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