Open standards are essential for driving innovation in the legal space and for enabling legal professionals to deliver high-quality service to their clients. They’re essential to the future of law as legal professionals look to operate more efficiently, seamlessly collaborate with colleagues and clients, and make the most of advanced technologies and legal data.

Thomson Reuters is committed to creating an open ecosystem and to giving customers choice so they can benefit from tech adoption. This commitment to open standards includes a partnership with the Standards Advancement for the Legal Industry (SALI) Alliance. Last year, Legal Tracker Advanced adopted SALI’s Legal Matter Standard Specification (LMSS), allowing law departments to easily connect and integrate solutions, dramatically increasing opportunities to innovate and develop new services.

Now Thomson Reuters is expanding its support of SALI’s universal taxonomy through further adoption with Legal Tracker and Legal Tracker Advanced, HighQ, and Thomson Reuters Document Intelligence. The expansions include the addition of open standards for

  • Accounts payable/billing and firms in Legal Tracker Advanced;
  • Matters in HighQ via iSheets; and
  • Contracts in Document Intelligence, formerly ThoughtTrace.

These additions allow data to be combined and migrated across systems, enabling users to strengthen their full reporting capabilities. The Legal Tracker Advanced and HighQ offerings are currently available. Document Intelligence will begin its data standards journey in the second half of 2023.

“The Thomson Reuters partnership with SALI aligns with our efforts to create an open, connected, and smart platform,” said Brian Zubert, senior director of Product Management, Thomson Reuters. “By empowering customers to adopt cutting-edge tools like artificial intelligence and machine learning, powered by industry-wide data standards, we can accelerate innovation and improve efficiency in our industry. We have been an early adopter of LEDES (Legal Electronic Data Exchange Standard) and UTBMS (Uniform Task Based Management System), and expanding our SALI support is a key step in evolving our LegalTech platform as we continue supporting legal professionals in easily connecting and integrating solutions.”

The SALI Alliance has long been recognized for promoting standardized terminology to improve interoperability and consistency in the legal industry. Data standards provide a common understanding for all participating parties. Through a consistent structure, solutions can share data and interact to strengthen workflow efficiencies, streamline processes, and mitigate risk.

“Innovation is more important than ever as legal professionals face challenges from heightened efficiency expectations to constant cost-saving pressures,” added Zubert. “Customers tell us that they want to adopt cutting-edge technologies to better access and analyze legal data, but a barrier is that solutions are not always interoperable, making it difficult to access or obtain the data. By supporting a common language across the legal ecosystem, we’re leading the industry in leveraging open standards to address customer pain points, helping them better connect and simplify their workflows.”

An upcoming ILTA webinar, Master Class – The Legal Innovation Landscape – Open Data Standards, will offer more insights from Thomson Reuters speakers – Corey Ouellette, senior product manager, and Imran Aziz, manager – and Damien Riehl from the SALI leadership team. They’ll share how legal professionals can use open standards to expand their legal workflows and connect to the broader legal ecosystem.

Register for the Feb. 23 session, which takes place from 11 a.m. to noon Eastern.

Please follow and like us:
Pin Share