Global News
Wolters Kluwer has today announced that it has moved to align its Enterprise Legal Management (ELM) Solutions business with its Legal & Regulatory (LR) division, bringing the company’s legal software assets closer together to enhance product innovation.
Wolters Kluwer ELM Solutions previously sat within the company’s GRC division, which was also home to financial technology business lines. The move to strategically align Wolters Kluwer ELM Solutions with the Legal & Regulatory division, follows the creation of a new division, Corporate Performance & ESG (CP & ESG), by the Dutch technology company. The new division brings together its global software businesses that focus on corporate performance management, environmental health and safety (EHS), and risk. Wolters Kluwer Enablon, which previously sat within the LR division, will move to CP & ESG.
The LR division is globally run by CEO Martin O’Malley, who joined Wolters Kluwer in 2017 as the Managing Director for the Benelux region of Legal & Regulatory. Prior to joining Wolters Kluwer, O’Malley spent more than 20 years in leadership roles across different global groups, including Operations, Sales and Customer Service, Product Development, Marketing and Content.
Raja Sengupta, Executive Vice President and General Manager of Wolters Kluwer ELM Solutions, will continue to run the business as an integral part of the LR division. Sengupta was named Executive Vice President and General Manager of the business in May 2021.
Wolters Kluwer ELM Solutions is a market-leading global provider of enterprise legal spend and matter management, contract lifecycle management and legal analytics solutions. The company provides a comprehensive suite of tools that address the growing needs of corporate legal operations departments to increase operational efficiency and reduce costs. Corporate legal and insurance claims departments trust its innovative technology and end-to-end customer experience to drive world-class business outcomes.
ELM Solutions clients include over 260 corporate legal and insurance claims departments including 130 Fortune and Global 500 corporations, and over 35,000 law firms in more than 170 countries across many industries. The company’s award-winning products include Passport®, one of the highest rated ELM solutions in the latest Hyperion MarketView™ Legal Market Intelligence Report and TyMetrix® 360°, the industry’s leading SaaS-based e-billing and matter management solution. ELM Solutions’ LegalVIEW® portfolio of legal analytics solutions is based upon the industry’s largest and most comprehensive legal spend database, with more than $155 billion in invoices.
Earlier this month Wolters Kluwer Legal & Regulatory, U.S., announced a suite of new and enhanced features and functions to the AI-powered version of Legisway, demonstrating its commitment to innovation. The launch of these enhancements is Wolters Kluwer’s latest move to strengthen this all-in-one SaaS solution that powers enterprise legal management for corporate legal departments.
Legisway, which is also a leader in the European market, is a configurable, modular workflow solution, productivity tool, and smart repository for mid-sized corporate legal departments across several industries. The solution contains powerful contract lifecycle management and customizable modules for a wide range of workflows. The new enhancements will bolster the solution’s wide range of workflow capabilities to help users increase visibility, better manage risk, collaborate effectively with their business, and more.
Last month The Association of Corporate Counsel (ACC) recognized Wolters Kluwer ELM Solutions and one of its clients, Equitable, as 2022 ACC Value Champions. A financial services and insurance company, Equitable was celebrated for its highly successful implementation of two award-winning ELM Solutions products – legal spend and matter management platform Passport and the AI-powered LegalVIEW BillAnalyzer – as vital components in a larger five-year law department modernization plan.
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