Fieldfisher announces record H1 performance and 20% revenue growth, underpinned by new ERP solution, LexisOne
European law firm, Fieldfisher, has announced a record H1 revenue performance of £76.8 million, representing growth of 20%. This growth has been driven organically by attracting lateral hires and opening new offices. Underpinning this impressive performance is Fieldfisher’s new ERP solution from LexisNexis® Enterprise Solutions, LexisOne, which went live in June this year.
Fieldfisher has replaced multiple legacy systems including finance, business intelligence and HR, with a single solution, LexisOne, which is underpinned by Microsoft’s global Dynamics platform. Cost savings from using LexisOne in place of these systems is estimated to be £1.76 million over five years.
Fieldfisher deployed LexisOne as the firm's core technology platform and business management solution in 15 months – on schedule and under budget. Fieldfisher is using LexisOne to help standardise and simplify business processes for the firm’s 1000+ employees, creating a unified business environment across its offices in Amsterdam, Silicon Valley and the UK. The firm plans to extend LexisOne to the rest of its European network in 2018.
This implementation marks a transformative step for the industry, with Fieldfisher embracing a completely new approach to law firm management. LexisOne is a cloud-native SaaS solution, which is powered by Microsoft Dynamics®365 in Azure. Collectively, LexisOne and Microsoft Dynamics 365 are providing end-to-end support – from matter onboarding and time & expense capture through to billing & cash collection.
The Microsoft cloud platform provides a familiar interface, accessible across devices. LexisOne is also seamlessly integrated with Lexis® InterAction®, Fieldfisher’s CRM system, to enable the firm to deliver a distinctive client experience.
Managing Partner Michael Chissick at Fieldfisher, said, "As the firm continues to grow, we are always looking at ways to evolve and be at the forefront of innovation in the sector. LexisOne is the first natively cloud-based management solution for large law firms, which replaces a dozen other legacy systems. It will allow us to work even more efficiently as a firm, help us continue to develop our high-performing team, and better serve our clients – today and in the future.”
Mike Giles, Finance Director at Fieldfisher, added, “LexisNexis and our teams have operated in a genuine partnership to achieve the ambitious goal of going live in just 15 months. We’ve replaced a number of significant systems simultaneously, and so we have worked hard to finesse how LexisOne best meets the needs of different users across the firm. It's this ability to flex and adapt the solution which I am most impressed by; already, we’ve seen new capabilities go from ‘idea’ to ‘live use’ within a matter of days. This will enable us to continue to adapt to the changing market conditions better than we could have without LexisOne.”
“LexisOne provides a modern foundation upon which the firm can execute its strategy while providing the flexibility and agility to adapt to changing market conditions globally,” said Andy Sparkes, General Manager, LexisNexis Enterprise Solutions. “The solution has allowed the firm to adopt harmonised processes and import best practice from outside legal. The firm will now be able to deliver a service that meets the express needs of the individual geographies and operating entities within its diverse structure. And, because LexisOne is delivered as a SaaS offering, Fieldfisher can be confident that the firm will remain up to date with the latest product and security enhancements provided by both Microsoft and LexisNexis.”