LexisNexis CounselLink Recognized for Market Leadership and Innovation in Hyperion Research MarketView Report

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Legal Market Research Firm Also Cites New Developments in Matter Management; Legal Spend Management “Among Most Powerful in the Market”

Legal Spend Scorecard CounselLink
Technology provides an opportunity for the Office of General Counsel to use data to drive better decisions which, in turn, often yields better legal outcomes

LexisNexis® Legal & Professional, a leading provider of content and technology solutions, announced today that its LexisNexis CounselLink® Enterprise Legal Management (ELM) solution has been recognized as a “Market Leader” by Hyperion Research, an analyst-based research firm for the legal solutions market. The MarketView™ report is titled “Enterprise Legal Management: E-Billing and Matter Management System for Corporations.”

In recognizing the CounselLink solution, Hyperion Research stated, “its origins lie in e-billing, and it’s spending management tools are among the most powerful in the market.” The report also highlighted the positive returns on the product investments LexisNexis has made, noting that “CounselLink has also aggressively developed its matter-management offerings over the past couple of years.”

“We find that legal spend management continues to be a top priority for corporate law departments,” stated Ralph Schroeder, managing director of Hyperion Research. “CounselLink’s strength in managing the legal spend process leaves the solution well-positioned amongst the leading ELM solution providers.”

Hyperion also recognized the CounselLink solution as a “Market Leader” for e-billing compliance and review based on what it called its “unique software and services model for 100% compliance and sophisticated invoice review” and also called the solution “Highly Innovative” for usability for “deep integration to Outlook including embedded e-billing and matter functionality,” which “reduces barriers to attorney adoption.”

“Corporate legal departments have felt the pressure of resource constraints in the last few years and as a result, market research is demonstrating that efficiency remains a top priority,” said Jonah Paransky, vice president for Product Management with the LexisNexis software division. “Technology provides an opportunity for the Office of General Counsel to use data to drive better decisions which, in turn, often yields better legal outcomes.”

About LexisNexis® Legal & Professional
LexisNexis Legal & Professional is a leading global provider of content and technology solutions that enable professionals in legal, corporate, tax, government, academic and non-profit organizations to make informed decisions and achieve better business outcomes. As a digital pioneer, the company was the first to bring legal and business information online with its Lexis® and Nexis® services. Today, LexisNexis Legal & Professional harnesses leading-edge technology and world-class content, to help professionals work in faster, easier and more effective ways. Through close collaboration with its customers, the company ensures organizations can leverage its solutions to reduce risk, improve productivity, increase profitability and grow their business. Part of Reed Elsevier, LexisNexis Legal & Professional serves customers in more than 175 countries with 10,000 employees worldwide.

LexisNexis helps professionals at law firms and legal departments of all sizes manage the business element of their practice or departments with innovative software and mobile solutions for customer relationship management, time and billing management, matter management, client analysis, legal holds and more.

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Frank Strong
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