In a major loss to Thomson Reuters Elite, leading AmLaw 100 firm Cleary Gottlieb Steen & Hamilton has selected Aderant over its current Elite Enterprise practice management system.
The top 25 global law firm, which is a longstanding Elite client, becomes one of Aderant’s largest client wins in terms of revenue. It joins clients Skadden, Arps, Slate, Meagher & Flom, which in 2016 saw its revenue grow to $2.5bn compared with $1.27bn at Cleary, according to The American Lawyer figures.
In early 2016, Aderant was successful in a competitive pitch at top 30 global law firm Davis Polk, which swapped out its bespoke PMS for Aderant.
Aderant’s other known top 30 U.S. customers are Greenberg Traurig; Gibson Dunn & Crutcher; and Mayer Brown. Its latest wins also include AmLaw 200 firm Frost Brown Todd.
A statement from Aderant out later today (8 May) will say that it continues to gain market share with Chris Cartrett, Aderant’s executive vice president commenting: “Our market penetration continues to be bolstered by partnerships with leading AmLaw 200 firms such as Cleary Gottlieb and Frost Brown Todd, which lends credence to our strategy and development.
“We’re excited to see what the rest of 2017 has in store for the organization and look forward to continued partnership with our clients.”
Elite announced in 2016 that Enterprise will no longer be updated after Q2 2016 and bug fixes will end on 31 December 2022. Since then, it has ramped up its efforts to convert Enterprise clients to 3E, with visible recent success.