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Today Wolters Kluwer ELM Solutions launched today LegalCollaborator, an innovative new legal engagement and competitive bidding software designed to help corporate legal departments capture early law firm engagement information.
The integration of Legal Collaborator with ELM Solutions’ TyMetrix 360° and Passport platforms will help users to glean competitive pricing insights while also empowering the enforcement of pricing agreements for full cost management and vendor transparency.
Users can leverage LegalCollaborator for initiating both single law firm engagements and competitive bids, removing the subjectivity from law firm selection. A series of pre-defined templates allow corporate legal professionals to review key matter details like conflict waivers, strategy, staffing and pricing structure side-by-side. The solution’s user-friendly interface will help to drive greater matter transparency as corporate legal teams strive to achieve the desired outcome at the best possible cost. LegalCollaborator will also help law firms to showcase their unique strategies and crucial differentiators, promoting a more competitive bidding environment that helps the best firms stand out.
“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.”
The integration of LegalCollaborator with Wolters Kluwer’s TyMetrix 360° and Passport platforms will help 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.
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