Samantha Steer at Thomson Reuters explains how the business is investing ever further in increasing lawyer productivity
Samantha Steer, director of strategy, large and medium law firms, at Thomson Reuters, explains how the business is investing ever further in increasing lawyer productivity and efficient decision-making through both document and process automation.
In the UK there are well-established technology solutions for over 16 law firm activity types, combined with over 250 UK and EU legal tech startups, providing a new suite of solutions for both law firm and in-house legal activities.
Often, these well-established technology solutions support the introduction of emerging legal tech. To address the challenges of more efficient working, improving knowledge transfer and innovating around pricing, earlier in 2019 Thomson Reuters launched Panoramic, a new cloud-based legal workflow solution. Panoramic was built on the strong foundation of Elite 3E and Practical Law, and brings the knowledge and resources contained within Practical Law together with real-time budget and matter progress data, managed and delivered through the Elite 3E financial management system.
The Panoramic matter maps created by Practical Law editors present phase and task information and proactively guide lawyers through the sequence of tasks needed to keep matters in scope. Dashboards display progress alongside what has been agreed with the client, with the financial data generated presented in the context of the legal work. Moreover, the data can be retained to support future pricing strategy.