LexisNexis® Enterprise Solutions (www.lexisnexis-es.co.uk), a leading provider of content and technology solutions, has announced that full-service international law firm Stephenson Harwood LLP has selected LexisNexis® Redwood Analytics® as the firm’s solution of choice for its management reporting and business intelligence platform. The solution will be deployed in the firm’s London office and used to manage business operations around the world.
Redwood Analytics will enable the firm to deliver consistent, concise and meaningful information and insight to the right people at the right time and leverage established business analytics methodologies used by law firms the world over to aide better decision making. The solution will also allow the firm to deliver flexible and configurable, role-specific dashboards to practice group leaders, lawyers and associates, in turn enabling them to better understand the drivers of business performance. Fee earners will be able to focus their time on the biggest areas of improvement and maximise the best business opportunities to improve profitability.
Stephenson Harwood chose Redwood after careful evaluation of a number of systems available on the market and the option of building an in-house solution. The firm eventually chose Redwood for the solution’s proven business intelligence analytics methodology, customisability and the team’s long track record of successful implementations at law firms.
“With a proven solution already available, undertaking a major development effort to create a new system doesn’t make business sense,” explained Lindsay Barthram, Business Systems Manager, Stephenson Harwood LLP. “We want to rapidly deploy business intelligence so that the firm can accurately draw out the key information residing in our human resource, CRM and practice management systems and leverage analytics for business improvement and planning. Redwood will give us immediate return on our investment – we can see a huge likeness of approach between the Redwood methodology and our business.”
Redwood Analytics is business intelligence software that enables law firms to analyse and monitor performance, focusing on the most significant drivers of the business of law. Redwood provides lawyers, finance managers and marketing professionals access to information that supports better decision making.
About LexisNexis Legal & Professional
LexisNexis Legal & Professional (www.lexisnexis.com) is a leading global provider of content and technology solutions that enable professionals in legal, corporate, tax, government, academic and non-profit organisations to make informed decisions and achieve better business outcomes. As a digital pioneer, the company was the first to bring legal and business information online with its Lexis® and Nexis® services. Today, LexisNexis Legal & Professional harnesses leading-edge technology and world-class content, to help professionals work in faster, easier and more effective ways. Through close collaboration with its customers, the company ensures organisations can leverage its solutions to reduce risk, improve productivity, increase profitability and grow their business. Part of Reed Elsevier, LexisNexis Legal & Professional serves customers in more than 100 countries with 10,000 employees worldwide.
As a leading provider of software platforms, LexisNexis® Enterprise Solutions (www.lexisnexis-es.co.uk) works with customers to drive productive, efficient and reliable business decisions. Its solutions include LexisNexis® Visualfiles®, for case and matter management; LexisNexis® dna, for fully-integrated practice management; LexisNexis® Redwood Analytics®, for business intelligence and budgeting software and services; and LexisNexis® InterAction®, a customer relationship management tool.