This information helps us develop technology that can be leveraged to better manage legal costs, increase collaboration and proactively support business operations in a global environment.
Hartford, CT (PRWEB) August 3, 2007
Corporate legal departments are increasingly faced with the need to control costs and operate with the same metric-driven budgets as other departments. Sharing best practices is one way to meet these new challenges head-on. CT TyMetrix, part of CT, a Wolters Kluwer business, today announced the newest addition to its industry group offerings with the launch of the Telecommunications and Technologies Peer Group. The goal of this new group is to promote sharing of best practices among law department leaders in the telecommunications and technologies industries.
CT TyMetrix initiated vertical market groups in 2006 by extending invitations to select groups of similarly situated peers and colleagues from legal departments of leading companies in specific industries. These unique peer-to-peer groups are part of an initiative lead by Wolters Kluwer, CT TyMetrix's parent organization, to gain deep knowledge into customers' day-to-day work environments.
It is critical that corporate counsel use objective measurements to increase savings, improve efficiencies and defend their legal expenditures, while at the same time minimizing potential losses and advancing the company's legal interests. Technologies such as e-billing and matter management greatly enhance a legal department's ability to do this.
CT TyMetrix's industry peer groups provide direct access to law department leaders that identify business needs, advancing an important company goal of creating a continuous exchange of expertise and ideas. "Forums such as the Telecommunications and Technology Peer Group better position our organization to learn how law departments are applying emerging technologies to their workflow challenges," said John Weber, CT TyMetrix general manager. "This information helps us develop technology that can be leveraged to better manage legal costs, increase collaboration and proactively support business operations in a global environment."
"By focusing on needs expressed directly by our customers, Wolters Kluwer is learning more about their best practices first-hand," said Gene Landoe, president and CEO of CT and Wolters Kluwer Corporate Legal Services. "Our approach involves a structured process to become well informed of customer and market requirements, and to use that knowledge to develop a well-defined set of product development features that are validated directly with our customers."
In addition to this newest peer group, CT TyMetrix also sponsors groups in several different industries including finance, insurance, energy, pharmaceuticals and manufacturing. These groups are open to CT TyMetrix clients and non-clients alike. Groups are organized around a charter of driving change through the sharing of experiences and strategies among visionary leaders who have demonstrated success through excellent management and the leveraging of legal technology.
About CT TyMetrix:
CT TyMetrix, a Wolters Kluwer business, is the market leader in Web-based management solutions, including e-billing, matter management and performance metrics, for corporate law departments and claims organizations. For more information, please visit http://www.cttymetrix.com.
CT, a Wolters Kluwer business, provides intelligent software and service solutions that empower legal professionals to more effectively manage dynamic information, speed workflows and make critical decisions. CT is the market leader for corporate compliance and governance services and solutions, including solutions for managing statutory representation, corporate transactions, and jurisdictional and securities compliance; UCC products and services for corporate due diligence, secured lending, bankruptcy, and real estate, among other areas; matter management and e-billing applications, litigation support software, and eDiscovery services; and innovative trademark research offerings. CT is based in New York City. For more information, please visit http://www.ctlegalsolutions.com.
About Wolters Kluwer:
Wolters Kluwer is a leading global information services and publishing company. The company provides products and services for professionals in the health, tax, accounting, corporate, financial services, legal and regulatory, and education sectors. Wolters Kluwer has 2006 annual revenues of €3.7 billion, employs approximately 19,900 people worldwide and maintains operations across Europe, North America, and Asia Pacific. Wolters Kluwer is headquartered in Amsterdam, the Netherlands. Its shares are quoted on the Euronext Amsterdam (WKL) and are included in the AEX and Euronext 100 indices. For more information, visit http://www.wolterskluwer.com.