New York, NY (Vocus) November 17, 2010
Law Department Desktop Services, LLC (“LDDS”) announces the completion of its A Round of venture funding from Inclusive Ventures (Millbrook, NY). LDDS provides corporate law departments with a secure, hosted platform for managing document collaboration, and other services from the corporation’s outside law firms. The ‘Desktop’ is hosted by Rackspace and runs on Microsoft SharePoint Server™ 2010. Currently, firms use the Desktop to interface with their outside law firms and more effectively manage their in-house tracking of legal matters and costs.
Forrest Morgan, Chairman and CEO of LDDS says, 'The A round will allow us to add additional staff and allow us to bring additional clients onto the Desktop including a pilot implementation of an Integrated Small Law Department Technology Model for Canam Steel which LDDS is working on in conjunction with LawPartnering, Inc.'
'Though there have been several well-publicized implementations of technology in corporate law departments,' says Forrest Morgan, 'still the cost for these implementations are beyond most corporate law departments. The Desktop is an 'off the shelf' service with ”turn key” implementation that is immediately available for corporate law departments and will save money.'
About Law Department Desktop Services, LLC
Law Department Desktop Services, LLC ("LDDS"), is in the business of leveling the technology playing field for corporate law departments. The “Desktop” provides a sophisticated extranet for each corporate law department which permits: work product management, communication, collaboration, standardization of processes, implementation of best practices, knowledge management, and supply chain management. We believe it is essential for leaders of law departments of all sizes to have easy access to proven technology and tools for improving efficiency of operations and managing relationships with preferred outside counsel and suppliers. The “Desktop" was designed “by in-house lawyers for in-house lawyers” responding to the specific needs of the corporate law department.
About Inclusive Ventures, LLC
Inclusive Ventures focuses on companies which use technology to transform business processes. Inclusive Ventures, for instance, was the first venture fund to invest in IntraLinks and critical to subsequent funding. Intralinks used cloud-based technologies to manage deal collaboration between financial institutions and their respective law firms. IntraLinks recently went public on the NYSE. Other portfolio companies include:
- 17a-4 assists financial institutions in complying with SEC requirements for e-messaging retention, supervision and e-discovery.
- ShArchive, llc manages financial archive retention using Microsoft’s SharePoint 2010.
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