Tessaract – Building a platform for international growth, operational efficiency and better business insight
The challenges of scaling an international law firm
Asserson is a growing law firm serving predominantly UK clients while operating across both the UK and Israel. As the firm expanded and opened new offices, leadership recognised that its existing practice management system was starting to become a barrier to growth.
The firm wanted to improve the way matters were managed, reduce operational inefficiencies and gain access to meaningful management information that would support better commercial decision-making. Leadership needed greater visibility into firm performance and profitability, alongside a platform capable of supporting future growth.
Alongside these operational challenges, Asserson’s international structure created a number of complex technical requirements. The firm required robust multi-currency accounting, support for multi-jurisdictional tax reporting (requiring a custom integration to be built with HERP, a software required for the submission of tax information to the Israeli authorities), and seamless integration with its existing document management platform, iManage.
Following a comprehensive technology selection process led by independent legal technology consultants Baskerville Drummond, Asserson selected Tessaract as its new practice management platform.
As our firm continued to grow, we recognised that our existing systems were limiting our ability to scale effectively. We needed better visibility into performance, stronger time capture and access to meaningful management information. Tessaract has given us a platform that supports both our operational requirements and our growth ambitions, while providing the insight needed to make more informed business decisions. We have been truly impressed by the high level of service provided by the Tessaract team: they have taken on a complex project, understood our requirements and consistently delivered, all while being a pleasure to work with.
Howard Rubenstein, Managing Partner & Head of Corporate, Asseron
The solution: Implementing cloud-native practice management software for international growth
Tessaract worked closely with Asserson and Baskerville Drummond to deliver a cloud-native practice management platform tailored to the firm’s unique operational requirements.
The solution provided a modern foundation for matter management, time recording, financial management and reporting, while delivering the flexibility required to support international operations.
Key elements of the implementation included:
- Native multi-currency accounting capabilities to support financial operations across multiple jurisdictions.
- Advanced reporting and management information to provide greater visibility into business performance.
- Configuration to support complex tax reporting requirements across the firm’s key operating jurisdictions.
- Integration with iManage, creating a seamless experience between document management and matter management workflows.
- A scalable cloud-native platform capable of supporting the firm’s future growth ambitions.
Perhaps most importantly, Tessaract’s data-first approach gave the firm access to the information it needed to better understand performance, improve decision-making and manage growth more effectively.
Driving operational efficiency and better business insight
Since implementing Tessaract, Asserson has established a stronger operational and technological foundation for future growth.
Fee earners are capturing time more effectively, helping reduce revenue leakage and improve the accuracy of financial data. Teams have embraced the matter management capabilities, enabling more consistent and efficient ways of working across the firm.
Leadership now has greater visibility into key business metrics, providing a clearer understanding of performance and creating a stronger basis for strategic decision-making.
The integration with iManage has streamlined document management processes, while Tessaract’s cloud-native architecture provides the flexibility required to support an increasingly international and distributed business.
As Asserson continues to expand, the firm now has a platform capable of scaling alongside its ambitions while providing the insight needed to run the business more effectively.
Key results
- Improved time capture and reduced revenue leakage.
- Greater visibility into firm performance and operational metrics.
- Enhanced financial management across multiple currencies.
- Streamlined document management through iManage integration.
- Simplified compliance and reporting across multiple jurisdictions.
- A scalable cloud-native platform supporting future growth.
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