Wolters Kluwer’s new LegalCollaborator solution transforms engagement between corporations and their law firms
02 Mayo 2024 - 9:01AM
Business Wire
Corporate legal professionals can now scale
management of the entire outside counsel experience from start to
finish
Wolters Kluwer ELM Solutions today announced the launch of
LegalCollaborator, a breakthrough legal engagement and competitive
bidding software that marks the next evolution in the company’s
innovative approach to Total Legal Spend Management. The solution
integrates seamlessly with ELM Solutions’ TyMetrix 360° and
Passport platforms to not only capture early law firm engagement
information and competitive pricing insights, but also provide
enforcement of pricing agreements for full vendor transparency and
cost management.
“With the launch of LegalCollaborator, Wolters Kluwer continues
to lead the way for innovation in comprehensive software solutions
empowering corporate legal departments and their law firm
partners,” said Raja Sengupta, Executive Vice President and
General Manager of Wolters Kluwer ELM Solutions. “Our
market-leading combination of deep domain knowledge, insights mined
from industry’s deepest and broadest datasets and comprehensive
enterprise legal management software help legal professionals to
maximize value in every phase of their engagements.”
For the first time, legal professionals will have access to an
efficient, scalable and transparent process for initiating single
law firm engagements and competitive bids. LegalCollaborator
removes subjectivity from law firm selection, providing a series of
pre-defined templates that allow users to efficiently collect and
view critical matter details such as conflict waivers, strategy,
staffing and pricing structure side-by-side. A user-friendly
interface will provide corporate legal teams with more transparency
into their matters, driving an unparalleled ability to accomplish
the desired outcome at the best possible cost. Meanwhile their law
firm partners can use the solution to demonstrate the unique
strategies and crucial differentiators paramount to successful
matter outcomes. This generates a more competitive bidding
environment that brings only the best firms to the top.
By integrating LegalCollaborator with TyMetrix 360° and
Passport, Wolters Kluwer is helping organizations streamline the
disconnected matter planning and competitive bid management systems
that have traditionally made it difficult to successfully track
spend throughout the life of a matter. For example, users can
leverage AI-powered spend management tools such as ELM Solution’s
LegalVIEW BillAnalyzer, as well as the $180+ billion in historical
performance data found in the LegalVIEW database, to both set as
well as enforce strong billing guidelines to tightly control
spend.
For more information about Wolters Kluwer’s please visit:
www.wolterskluwer.com.
About Wolters Kluwer
Wolters Kluwer (EURONEXT: WKL) is a global leader in
information, software solutions and services for professionals in
healthcare; tax and accounting; financial and corporate compliance;
legal and regulatory; corporate performance and ESG. We help our
customers make critical decisions every day by providing expert
solutions that combine deep domain knowledge with technology and
services.
Wolters Kluwer reported 2023 annual revenues of €5.6 billion.
The group serves customers in over 180 countries, maintains
operations in over 40 countries, and employs approximately 21,400
people worldwide. The company is headquartered in Alphen aan den
Rijn, the Netherlands.
For more information, visit www.wolterskluwer.com, follow us on
LinkedIn, Facebook, YouTube and Instagram.
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Frank Ready Senior Specialist, External Communications Legal
& Regulatory Wolters Kluwer Office: 717-205-3647 Email:
Frank.Ready@wolterskluwer.com