Thomson Reuters has released Thomson Reuters Panoramic, a cloud-based product geared toward large and midsize law firms to help them budget, plan for and manage matters in real time. Panoramic will be available in the United States and the United Kingdom. A spokesperson for the company said it would evaluate making it available in other jurisdictions later on. Panoramic will launch with a deep focus on corporate mergers and acquisitions, capital markets, litigation and finance. Thomson Reuters expects to build out additional practice areas over time. From the press release:
At the heart of Panoramic are dynamic Matter Maps, created and kept up to date by expert Practical Law attorney editors. These Matter Maps include the phases and underlying tasks needed to execute a specific legal matter, helpful not only in managing and doing the work, but also for understanding the matter and building budgets. Matter Maps in Panoramic contain a sophisticated logic system that guides users to the specific tasks relevant to the facts of their case and provides a common language between the front and back office so that a new matter is planned in a way that will drive positive results for the firm and client. In this way, Panoramic also helps partners and pricing directors achieve more informed and faster scoping and budgeting.