Strategic alliance facilitates Thomson Reuters HighQ platform access for UK corporate legal departments.
LONDON and DALLAS, September 1, 2020 – Thomson Reuters today announced an expansion of its alliance with KPMG in the UK, which will become an implementation partner for the Thomson Reuters HighQ platform for corporate legal departments. This alliance aligns Thomson Reuters leading legal technology and knowledge with KPMG’s expertise in delivering legal solutions, providing customers with enhanced capabilities that will generate more efficiencies, lower costs, improve accuracy and reduce risk.
HighQ is the leading cloud-based platform for business collaboration, workflow automation and client engagement in the legal and regulatory market, acquired by Thomson Reuters in 2019 to expand its software offering and to meet the growing technology needs of legal professionals. Through its Legal Technology team, KPMG will use its multi-disciplinary professional, consulting and technical services to configure the HighQ platform for corporate legal departments.
“This relationship brings together two leaders in the legal space,” said Carol Fox, general manager, Global Accounting Firms, Corporates at Thomson Reuters. “We will provide the technology and technical implementation of HighQ, and KPMG will offer customization around this technology to help drive the digital transformation programs within in-house legal teams.”
Increasingly, legal departments are being asked to do more with less. According to the recent edition of the “Thomson Reuters Legal Tracker™ Legal Department Operations (LDO) Index Report,” 70 percent of departments said that using technology to automate and reduce manual work is a high priority and 51 percent of departments increased the number of technology tools utilized in the last 12 months.
“In-house legal departments continue to face the pressures of an ever-increasing workload, and they are exploring ways in which technology can have a positive impact on these pressures,” said Nick Roome, partner and head of KPMG Law in the UK. “We are heavy users of HighQ and have some of the best technology architects in the world. This alliance with Thomson Reuters allows us to further leverage the advantage of that for the benefit of our respective clients.”
HighQ’s software platform is flexible, user-friendly and integrates with other leading-edge technology, allowing legal professionals and in-house corporate legal departments to collaborate on projects, matters and transactions to provide a seamless user experience.
“At KPMG, we use the HighQ platform to power client-facing legal technology products and services,” said James Thomas, head of Legal Technology & Innovation at KPMG Law. “We have built a team with significant technical and commercial expertise, which allows us to bring market leading configuration and customization services to in-house legal teams.”
This alliance expands on the successful partnership between the two companies. In the tax space, KPMG has been designated Diamond Tier status for Thomson Reuters ONESOURCE Certified Implementer Program, with the firm previously recognised as Thomson Reuters Taxologist of the Year for the same program in 2017.
Thomson Reuters is a leading provider of business information services. Our products include highly specialized information-enabled software and tools for legal, tax, accounting and compliance professionals combined with the world’s most global news service – Reuters. For more information on Thomson Reuters, visit tr.com and for the latest world news, reuters.com.
KPMG in the UK
KPMG LLP, a UK limited liability partnership, operates from 21 offices across the UK with approximately 17,600 partners and staff. The UK firm recorded a revenue of £2.40 billion in the year ended 30 September 2019. KPMG is a global network of professional firms providing Audit, Tax, Legal and Advisory services. It operates in 154 countries and has 200,000 professionals working in member firms around the world. The independent member firms of the KPMG network are affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity. Each KPMG firm is a legally distinct and separate entity and describes itself as such.
About KPMG Law
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