Thomson Reuters to spin-off HBRC consultancy business
Thomson Reuters has just announced plans to spin off its Hildebrandt Baker Robbins consulting firm as an independent business. The new firm will be called HBR Consulting, and will be headed by a team of current practice group leaders including Chris Petrini-Poli, one of the firm’s senior executives. HBR Consulting will focus on law firm operations and technology consulting. Its staff includes many former Hildebrandt Baker Robbins consultants.
Thomson Reuters also announced that it has formed a legal market research and business analytics unit comprised of certain assets of the former Hildebrandt Baker Robbins. It will include: Peer Monitor, which analyzes and reports on a number of key law firm financial and operational performance factors, and Hildebrandt Institute, which provides law firm leaders with business-critical information, roundtables and education programming to help them navigate market challenges and compete more effectively. Engage, a software-based tool that helps law firms budget, estimate and manage alternative fee-based legal work, will be aligned with Elite.
Brad Hildebrandt, Hildebrandt Baker Robbins founder and a prominent authority on law firm strategy and operations, will continue with Thomson Reuters, supporting senior Thomson Reuters executives and law firm managing partners in an advisory role.
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