Australia, 16th October 2008 (LAWFUEL) – Leading Australian law firm TressCox Lawyers has gone live on ELITE 3E®, the next generation financial and practice management software system from Elite. Elite, a Thomson Reuters business, is a worldwide provider of integrated practice and financial management systems for professional services firms.
TressCox selected Elite 3E to replace its ageing legacy financial management system, which Chief Financial Officer, Adam James, says was no longer fit for purpose, particularly in the area of financial reporting.
“We chose 3E as a platform to reduce our financial and administrative burden. Prior to its implementation we had to undertake time-consuming manual workarounds to produce the reports we wanted from our legacy system.”
James says the implementation of 3E will help eliminate manual procedures and provide important billing and key performance indicator information to its fee-earners and partners.
“Lawyers will be able to see details about a particular file without having to ask Finance to provide it. This will improve the speed and quality of our responses to client requests. The system will also support more instantaneous access by allowing partners to view performance data without having to wait for periodic management reports.”
TressCox, a 50-partner law firm which has offices in Sydney, Melbourne and Brisbane, undertook a thorough selection process and James says that 3E’s web-based technology was a key factor in their final decision.
“Other systems we assessed did not appear as tightly integrated or as uniformly intuitive as the Elite 3E offering, which is built on web-based technology,” he noted.
James says that in choosing Elite 3E the firm made a significant step forward, gaining rapid development functionality that allows it to optimise the practice management solution to match future needs.
With phase-one of the implementation process now complete, the firm will continue to develop the product over the coming 12 months, using 3E’s improved workflow capabilities to streamline a number of front and back-office functions.
James adds: “We have gone live successfully with a version of the system that addresses our critical business requirements. We will now look to refine the system and use 3E’s adaptable software to embark on a path of continuous business process improvement.”