Yerra Solutions - Company of the Year
Company: Yerra Solutions, Basel, Switzerland
Company Description: Yerra Solutions helps large, multinational organizations improve their legal & IP, eDiscovery and compliance operations. Headquartered in Basel, Switzerland and operating across the US, Europe and APAC, Yerra helps clients simplify processes to increase the efficiency of their operations through innovative solutions.
Nomination Category: Company / Organization Categories
Nomination Sub Category: Company of the Year - Legal - Medium-size
Nomination Title: Yerra Solutions
Tell the story about what this nominated organization has achieved since 1 January 2016 (up to 650 words). Focus on specific accomplishments, and relate these accomplishments to past performance or industry norms.
Since the start of 2016, Yerra Solutions has continued along its upward growth trajectory. The pioneering legal tech consultancy, started in 2013, has continued to add clients to its roster across its core offerings in compliance and risk management, eDiscovery and intellectual property (IP). Yerra currently services top names in the pharmaceutical and finance sectors, including UBS, Novartis, and Thomas Reuters, and has made significant headways into other industries over the past 18 months. Starting out in in Basel, Switzerland, Yerra now boasts 7 offices worldwide and 150 industry experts. Notwithstanding Yerra’s remarkable organic growth, the company has steadfastly remained true to its set of core values, centered on a collaborative, team-based approach to client projects.
In terms of revenue alone, Yerra has seen revenues double since the beginning of 2016. The number of employees has also doubled worldwide, while the firm expanded into Hong Kong and the U.S. As Yerra has grown and established itself, it has collected numerous awards for the work culture it has cultivated. Yerra was named in the small business category of Best Workplaces in Switzerland for 2017 by the Great Places to Work Institute. A great variety of industries were included in the award, including IT, hospitality, and management consulting, demonstrating the competitive landscape. Yerra’s success built on another accolade when it was granted the “Investors in People Gold Standard”, for their tireless approach to employee development. This further illustrates Yerra’s holistic vision of company priorities, and the importance of a driven workforce for client retention and growth.
Creating a positive, inclusive team environment has been foundational to Yerra. Since the beginning of 2016, the company has invested in a firm-wide intranet and additional communication channels such as Slack to ensure greater interaction with employees at all levels. Yerra has also adopted a highly collaborative approach to its corporate social responsibility (CSR) programs. Each Yerra offices has a specific point of contact for CSR initiatives, and helps to ensure that employees new and old are fully aware of where they can contribute across all programs. Employees have provided direction on a range of initiatives, centered on children charities across the world including Ethiopia Reads, which collaborates with Ethiopian communities to build schools and boost literacy.
In addition to its firmly entrenched CSR programs, Yerra has implemented a low-carbon footprint business model across all its offices. The firm encourages all offices to be ‘paperless’, cutting emissions further by participating in the “Cycle to Work Scheme” on behalf of its employees.
Yerra has typified its employee-centric approach through prioritizing investment in the “Yerra Academy”. The academy serves as a learning platform for all employees to utilize to improve their skill sets, and better understand Yerra’s offerings. Furthermore, Yerra has focused on celebrating employee achievements. For example, each employee receives an award at the 1st, 3rd and 5th year of service to recognize their contribution the firm.
Yerra’s collaborative work environment provides integral support to the firm’s innovative approach on projects. In IP for example, the firm engineered “The Magic Triangle” Model, an automated way of linking three critical components of an organization–the IP department, legal department and marketing/business development. Yerra launched this cutting-edge solution at the INTA Annual Meeting in Barcelona in May, and discussed their innovative approach to IP with key reporters at the event.
Looking back, the beginning of 2016 feels like a long time ago for Yerra. The company has expanded worldwide, accruing a team of top experts to successfully deliver on its offerings. This growth has occurred successfully as the firm has built an employee-focused office environment, fostering an inclusive workplace where employees can grow and succeed for years to come as the firms continues to expand into new frontiers.
In bullet-list form, briefly summarize up to ten (10) of the chief accomplishments of this organization since the beginning of 2016 (up to 150 words).
-Yerra was named in the small business category of “Best Workplaces in Switzerland for 2017” by the Great Places to Work Institute.
-Yerra was granted “Investors in People Gold Standard” in 2016, a top UK accolade for their approaches to employee development
-Attended the annual meeting of the INTA in Barcelona, in May 2017, speaking with reporters from top IP publications; launched their Magic Triangle model for IP from the meeting
-Established a collaborative CSR program
-Created the Yerra Academy for employees to enhance their knowledge base and cultivate relationships with Yerra’s experts
-Expanded Yerra into Hong Kong and US
-Doubled Revenue and number of employees since 2016
-Of the following measures of success, which ONE do you want the judges to most appreciate about your organization's story of achievement since the beginning of 2016?