Panoramic: A New Vision for the Way Law Firm Lawyers Work
A bold, new legal workflow solution that enables firms to plan, manage and execute legal matters with data-driven confidence has been introduced by Thomson Reuters. A cloud-based system, Thomson Reuters PanoramicTM is built on the strong foundation of Practical Law’s legal guidance and 3E’s market-leading financial management system to connect the front and back office of a law firm like never before.
Connecting the practice and business of law, Thomson Reuters Panoramic enables firms to predict profitability and provide better service and unprecedented transparency to their clients.
At the heart of Panoramic are dynamic Matter Maps, created and kept up to date by expert Practical Law attorney editors. These Matter Maps include the phases and underlying tasks needed to execute a specific legal matter. Matter Maps in Panoramic contain a sophisticated logic system guiding users to the specific tasks relevant to the facts of their case and provides a common language between the front and back office so that a new matter is planned in a way that will drive positive results for the firm and client.
Panoramic is the result of thousands of hours of customer research. The Panoramic team worked with law firm partners, senior associates, associates, CEOs and pricing directors, as well as innovation advisers from top firms. Two co-design partner firms were there for every step, and more than 100 users are now participating in betas.
One of the design partners is LeClairRyan, and its chief enterprise liaison, Christopher Lange, serves as a Panoramic innovation adviser. “For LeClairRyan, Panoramic provides a powerful tool to allow us to better understand each practice area, deliver an exceptional client product and manage it more efficiently, while also making it more profitable,” Lange said.
“There is no other product that combines the top-of-class content and know-how in an integrated workflow platform that also connects the facts and the financials, from both a budget-to-actuals and historical perspective,” said Elisabet Hardy, vice president of Financial & Practice Management at Thomson Reuters.