The announcement below will go out today (6 February) from Thomson Reuters Elite – legal spend software provider Apperio is to enter its partnership ecosystem. Doesn’t Apperio compete with Elite’s matter management and e-billing solution Legal Tracker?
Apperio’s selling point is that it enables in-house lawyers to track & analyse legal spend across all law firms, in real-time, in one place. Founded by Nicholas d’Adhemar in 2013, it counts the Trainline, Network Rail, Monzo and Just Eat among its clients.
This type of partnership means that 3E and Enterprise will now have an integration option with Apperio, which notably works directly with law firms to provide the data to their clients – they will also engage in “co-marketing”. The integration is undoubtedly beneficial to those Elite clients that want to use Apperio but is also said to be “representative of a sharpening focus by Elite to bring together data, analytics, and insights to drive lawyer and law firm decision-making.” Is this the precursor to something more? Here’s the announcement:
Thomson Reuters Elite, part of the Legal business of Thomson Reuters, today announced a new Alliance Partnership with Apperio Limited, which provides automated legal spend management and analytics to enable lawyers to track and analyze legal spend in real time.
The partnership will benefit firms that use 3E and Enterprise, improving time to value by helping firms satisfy client budget and information requests through using Apperio quickly and reliably. The 3E and Enterprise platforms will have an integration option with Apperio that will provide law firms with the ability to easily share data with their clients, enabling greater transparency.
An Alliance Partnership is one of four current partnership categories with Thomson Reuters Elite and is a mutually beneficial relationship with partners that play an integral role in the legal practice management ecosystem. This relationship provides the ability to deliver value to global clients, from automating business processes to increasing profitability and achieving a competitive advantage.
The partnership between Thomson Reuters Elite and Apperio is representative of a sharpening focus by Elite to bring together data, analytics, and insights to drive lawyer and law firm decision-making. The enhanced ability to drill down into and analyze financial details will enable management to make better informed decisions in real time.
The Thomson Reuters Elite Partner Program provides a one-stop global marketplace that fosters cooperation, streamlines the buy-sell cycle, and helps all involved achieve a competitive edge. Elite partners are experienced technology, services, and consulting organizations ready to innovate, collaborate, and help our clients solve their most pressing business challenges. For more information, visit the Thomson Reuters Elite Partner Program.
3E from Thomson Reuters Elite offers an end-to-end enterprise business management solution that allows law firms and professional services organizations to run all operational aspects of their business. Designed from the ground up on Microsoft® .NET, 3E offers built-in application development capabilities. Why does it matter? The unique architecture enables firms to become more agile, lawyers to quickly respond to client needs, and staff to easily track and manage activity on any scale—from single-office to multi-office and multinational. 3E is the next-generation technology that can help firms improve efficiency, increase profitability, and confidently take on a future without limitations. For more information, visit 3E.
Apperio gives a transparent, real-time view of every matter, task and billable hour involved, for both the GC and their law firm. By automating a previously manual process, the relationships between law firms and their clients have improved, whilst enabling access to information and insights that help data-driven decisions. To date, Apperio has tracked over 50k matters and more than $1.5bn worth of legal fees on its platform, for companies such as Monzo, National Rail, and Zoopla.