This is a very strategic investment by the legal function. ASCENT will provide a full suite of Legal Enterprise Collaboration (LEC) functionality for us...
New York (PRWEB) September 27, 2011
doeLEGAL, LLC., the leading provider of collaborative electronic invoicing and legal spend management solutions, today announced that it has contracted with Angelo, Gordon & Co., L.P. to support a new legal matter and legal spend initiative that will enhance Angelo Gordon's ability to collaboratively manage its complex, globally dispersed and growing legal department.
Angelo, Gordon & Co., L.P. is a privately held limited partnership founded in November 1988, and currently manages approximately $24 billion. The Firm's investment focus centers around core competencies of real estate, credit, and private equity. Angelo, Gordon is headquartered in New York, with associated offices in Chicago, Los Angeles, Washington D.C., London, Hong Kong, Seoul, Shanghai, Tokyo, and Sydney. “Angelo Gordon selected doeLEGAL's ASCENT solution after undertaking a detailed comparison of their system with other market leaders,” said Forest Wolfe, General Counsel. “This is a very strategic investment by the legal function. ASCENT will provide a full suite of Legal Enterprise Collaboration (LEC) functionality for us, including improved automation of the processes for managing legal matters, testing compliance with our outside counsel and allowing us to work collaboratively with our business unit partners and legal service providers. Above all, it will supply greatly enhanced management information on the nature of our internal and external spend, legal risk, department workload and will allow us to effectively communicate throughout Angelo Gordon in near real time.”
ASCENT, the most advanced collaborative legal matter and spend management product of its kind in use among the Fortune® Global 500, will process electronic invoices from law firms and deliver them to Angelo Gordon's legal department for automated workflow handling, spend analysis and reporting. Discreet access to key functionality, reports and analytics will be given to business unit managers and management allowing them to not only understand the progress of legal work in real-time, but to collaborate with legal, law firms and other involved business units throughout the life of a matter or project.
“Unlike other spend management and matter management platforms, ASCENT allows law firms, business units, and others involved with a piece of legal work to see, interact with and report for themselves on the legal work they are engaged in with the legal department,” said Tom Russo, doeLEGAL's CEO. “This collaborative, real-time, interactive model, known generally as Legal Enterprise Collaboration or LEC, will give Angelo Gordon the ability to not only share access to richer information at both a matter-specific and an overall portfolio level, but will give those involved the ability to help the legal department keep information up to date. This will allow Angelo Gordon to not only better manage and leverage their legal spend, but will allow them to leverage their legal department resources with the help of the law firm and business units who also have critical knowledge and a stake in the progress of a matter, budgets and costs.”
“doeLEGAL is pleased to welcome such a forward-thinking legal department as Angelo Gordon to our list of prestigious clientele. While legal spend management and matter management solutions have become essentially one in the same application in recent years, collaboration has remained wanting in these solutions. As pressure
continues to mount on legal departments, new ways to manage matters, spend, risk and effective communications had to be found,” commented Jeff Hodge, executive director, corporate for doeLEGAL. ASCENT's collaborative backbone allows legal departments to decide for themselves to share functionality, information and access to key data in order to distribute the legal workload. Distribution of the workload to business units, law firms and others, supported by strong security and analytics, allows our clients to use collaboration as a force multiplier, allowing them to effectively do more with less."
For more information, please contact doeLEGAL at 302-798-7500 or e-mail info(at)doelegal(dot)com.
doeLEGAL is a cutting edge provider and innovator of cloud-based legal enterprise collaboration solutions for the legal industry. Our suite of end-to-end collaborative software and services for corporate legal departments and law firms includes electronic invoice processing, legal spend and matter management, litigation support and electronic discovery. doeLEGAL serves small, medium and large Global Fortune 500 corporate legal departments as well as law firms in more than 35 countries. Established over four decades ago, doeLEGAL has built an impeccable reputation and takes pride in providing state-of-the-art technology offered at an excellent price point to clients who value and depend on exceptional service. Download our latest Top 5 Tip Sheet. Visit doeLEGAL at http://www.doeLEGAL.com.
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