Thomson Reuters Elite, part of the Legal Professionals division of Thomson Reuters, today announced that Israeli law firm Herzog Fox & Neeman will transition to 3E®, making it the latest firm to choose the market-leading enterprise business management solution.
As part of the multi-product deal, the firm also will be adopting eBillingHub®, Budgeting & Forecasting from Thomson Reuters, and 3E Data Insights.
Founded nearly 50 years ago, Herzog is one of Israel’s leading law firms. With more than 150 partners and 400 lawyers, the firm has 6 core practice areas, including Corporate, Banking & Finance, Tax, Sector Expertise, Regulatory/Government, and Litigation/Dispute Resolution. Its top-ranked team is particularly renowned for its expertise regarding technological advances and disruptive emerging industries, and it was the first Israeli law firm to establish a Silicon Valley representative office.
In transitioning to 3E, Herzog will be adopting a platform specifically designed for law firms and professional services organisations, leaving the firm equipped to foster growth, maximize performance, and navigate a changing legal industry. Alongside its advanced architecture and industry-leading security, the deployment of 3E will provide the firm with multicurrency and multi-language support—all seamlessly integrated into one secure, high-performance system. More specifically, the customizable 3E platform will provide support for Hebrew, therefore localizing the solution to fit the firm’s requirements.
Herzog also will benefit from the adoption of eBillingHub, the pioneer and leading electronic billing solution from Thomson Reuters designed specifically for law firms. The robust rules capability within eBillingHub, known as Greenlight, is based on the industry’s most robust database of corporate legal billing guidelines, containing more than 16,000 discrete billing rules from more than 7,000 corporate legal departments. In addition, Herzog Fox & Neeman will be adopting 3E Data Insights, a self-service analytics model that provides a rich visualization experience that will enable the firm to gain actionable insights and make data-driven decisions. Finally, the firm’s deployment of Budgeting & Forecasting, a Microsoft® Excel® and web-based budgeting and forecasting application will offer real-time insights into the firm’s revenue and expense budgets and forecasts, aiding the strategic planning and reviewing of productivity, efficiency, and profitability.
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