Thomson Reuters HighQ, 3E and Marketplace Fuel the Legal Industry’s New Ways of Working
The environment for how and where professionals work has changed significantly over the last year, with an increase in the adoption and acceptance of advanced technologies and new models for the delivery of legal services. Today Thomson Reuters introduced significant enhancements across its leading legal software products and services – including HighQ, 3E and Marketplace – to build on these new and better ways of working.
Company research underscores how longstanding law firm resistance to adopting cutting-edge technology is fast evaporating, noted Paul Fischer, interim president of the Legal Professionals business for Thomson Reuters. “Last year, as firms served clients virtually and managed their daily workflow away from their offices, we saw rapidly changing attitudes about cloud and digital workflow tools. Attorneys and legal professionals experienced the power of technology in the successful transition to working from home and in finding new ways to improve efficiency and reduce costs,” he said.
Highlights of the improvements include:
- More than 60 new customer-driven features in Thomson Reuters HighQ, a cloud-based productivity solution, to strengthen its workflow collaboration capabilities. Version 5.5 will enable users to users to better manage larger, more complex projects with varying levels of hierarchy and create task templates, or matter maps, that capture project knowledge to create repeatable project plans, saving significant time and resources, as well as automating time-consuming tasks. Multiple enhancements to contract lifecycle management have been added, and smart folders now dynamically display files in relevant locations based on their status or position in the contracting process.
- Several enhancements and significant architectural changes to Thomson Reuters 3E to meet the evolving technological needs of law firms and support their profitability and growth. The 3.0 release delivers expanded flexibility to boost firm productivity, simplify configuration, streamline time management, and enable a seamless migration path to the cloud. 3E Cloud helps firms realize cost savings through decreased investment in hardware, software and maintenance. The cloud-based version also facilitates quick access to the latest 3E features and enhancements, while using industry-leading data protection.
- More than 120 solutions on Thomson Reuters Marketplace, the new open environment that lets users find and test solutions that extend the functionality of many of their existing products. Launched in beta late in 2020, Marketplace is adding about 20 solutions per month, integrating with different Thomson Reuters products for legal and tax professionals. Proven Paths, a new capability within Marketplace, helps users identify vetted applications and solutions that seamlessly integrate with Thomson Reuters products and technology to extend their capabilities. Solutions include offerings from innovative law firms and legal tech providers, such as customized solution templates for HighQ as well as global law firm Greenberg Traurig, LLP’s Recurve range of products.
“Our Recurve range of products uniquely supplement and support traditional legal services, and were always meant to serve the broader legal industry and its clients, not only one law firm. By listing Recurve’s products and services on Thomson Reuters Marketplace, a much wider range of users will be exposed to and ultimately benefit from these tailored resources,” said Greenberg Traurig Executive Chairman Richard A. Rosenbaum.
Read more about the HighQ, 3E and Marketplace enhancements.