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Thomson Reuters is shutting down its Firm Central legislation apply administration software program and can discontinue help for the product after Sept. 30, 2024.
Thomson Reuters launched Firm Central in 2013 at a media occasion in its then-headquarters in Eagan, Minn., as its reply to a then-growing crop of cloud-based apply administration software program akin to Clio, which launched in 2008, MyCase, which launched in 2010, and LexisNexis Agency Supervisor, which LexisNexis launched in 2011 after which shut down in 2017.
On the time of the launch, TR differentiated Agency Central from different merchandise in the marketplace by constructing in direct integrations with Westlaw and with Microsoft Outlook.
By all accounts, nevertheless, Agency Central by no means gained the market traction of lots of its rivals, and TR used it primarily as an add-on profit to assist promote Westlaw to smaller legislation corporations.
In a notice posted this week, TR attributed the shutdown to a crowded and fragmented market:
“Thomson Reuters holds a sturdy portfolio of strategic merchandise that require funding. The Small Regulation Apply Administration market’s very fragmented with many corporations funded by non-public fairness competing on this house. Most of those corporations solely have 1 product to fund and help. It’s not strategic for Thomson Reuters to allocate capital to compete on this market.”
Within the discover, TR says that it has designed Clio as its “most popular transition associate.” It says that Clio is providing promotional pricing to those that change there.
“Whereas not necessary, Thomson Reuters selected Clio for his or her dedication to seamless migrations and your ongoing success, with that in thoughts, we encourage you to transition to their service,” the discover says.
Clients can extract their very own information utilizing Agency Supervisor’s export performance earlier than the Sept. 30 sundown date. TR has created an information extraction user guide to clarify the export course of.
One other migration choice for legislation corporations is Universal Migrator, the info migration instrument for legislation corporations that, coincidentally, I wrote about earlier this week. Tony Valenti, the corporate’s founder and CEO, mentioned Common Migrator can do full-scale information and doc migrations from Agency Central to quite a lot of platforms, together with Clio, MyCase, NetDocuments, Lawmatics, and others.
Clio’s website says that it’s providing three months free to corporations that transfer there from Agency Central. The location says Clio has migration specialists to assist corporations transition from Agency Central to Clio.
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