Try before you buy (and know where your stuff is): Thomson Reuters launches Marketplace and Legal Home

Thomson Reuters today (17 November) announced two new offerings, Thomson Reuters Marketplace – an online store where users can research and trial solutions before they buy them – and Thomson Reuters Legal Home – a central entry point to access your TR products and resources.

Thomson Reuters Marketplace, currently in beta and available globally beginning in February 2021, is an open environment where users can test nearly 50 solutions and will provide a wide range of offerings spanning the Thomson Reuters product portfolio.

Interestingly KPMG Law, which provides clients with legal business solutions based on its strong legal capabilities coupled with its insight and expertise, will be listed on Marketplace.

“Our customers have shared the need for solutions such as Thomson Reuters Marketplace and Legal Home, and we are in a unique position to meet these needs,” said Irish McIntyre, head of Legal Software and Workflow for Thomson Reuters. “These solutions will help our customers derive more value from the investment they have made in products, technology and services. We are delivering product interoperability around our customers’ workflows; it is about performing work, not onboarding tools.”

Both Marketplace and Legal Home connect customers to multiple features within Thomson Reuters HighQ, as well as many of the company’s legal products, including Westlaw and Practical Law. In addition, Marketplace offers key integrations to 3E for legal professionals and enables corporate tax professionals to connect solutions through Thomson Reuters ONESOURCE. Thomson Reuters will continue to expand Marketplace, growing the offerings for legal, tax and accounting professionals as well as adding solutions for government and regulatory customers.

KPMG Law’s offering will include a growing suite of productized legal solutions that have been built on the HighQ platform; services to help clients properly configure HighQ when accessing Marketplace’s solution templates; and access to services provided by KPMG’s Legal Operations and Transformation Services team, including change management, process optimization and operating model assessment. “Being a part of Thomson Reuters Marketplace enables KPMG Law to make its services and expertise readily available and accessible to a broad network,” said James Thomas, head of Legal Technology & Innovation at KPMG Law in the UK. “We’re looking forward to working with businesses to ensure their journey towards a more digitized legal department is successful, from both a people-process and technology perspective.”

Thomson Reuters Legal Home, meanwhile, provides access to Thomson Reuters applications through a single sign-on. It also provides a detailed view into a user’s HighQ sites and activity feeds, across multiple instances, to stay up to date on key tasks for matters and projects. Users can quickly retrieve their recent Office 365 documents and add personal links to regularly visited sites for ease of access. Additionally, the latest news and industry developments are available and delivered through Practical Law Legal Updates.

Legal Home, free to Thomson Reuters customers, is now available in the U.S. and UK, and will soon be available in Canada, Australia and New Zealand.