|[February 03, 2014]
Productivity & Efficiency at Forefront of LexisNexis at LegalTech New York 2014
NEW YORK --(Business Wire)--
New York 2014, LexisNexis®
Legal & Professional will be showcasing its innovative portfolio
of legal technology products and services for research, practical
guidance, litigation and practice management.
Located at Booth #100, the LexisNexis (News - Alert) exhibit covers integrated
analytical, workflow and productivity solutions that drive better
insights and outcomes for law firms and legal departments.
"Driving efficiency and productivity is at the core of our business,"
said Bob Romeo, CEO of Research & Litigation Solutions at LexisNexis.
"We have a strong and dynamic partnership with our customers and
actively engage with them every day. This enables us to convert their
concerns, challenges and ideas into powerful tools that transform how
they do their work."
Research & Insights
Media and analysts at LegalTech will have the exclusive opportunity to
review LexisNexis® Counsel Benchmarking, the newest addition
to the workflow and analytical tools on Lexis
Advance®, the dynamic next-generation legal information
service. Using LexisNexis Counsel Benchmarking, legal departments can
benchmark matter costs, hourly rates and alternative fee arrangements
against industry standards, from anonymized data based on millions of
legal invoices. In combination with LexisNexis®
Verdict & Settlement Analyzer, which analyzes case outcomes from
the industry's largest collection of verdicts and settlements,
LexisNexis Counsel Benchmarking enables legal departments to compare the
expense of litigating versus settling a matter to make more informed
litigation strategy decisions and better control spend.
The new tool will launch this spring with the next release of Lexis
Advance, which will be powered by leading-edge business processes and
infrastructure and provide integrated access to a comprehensive
portfolio of analytical tools, including Lexis®
for Microsoft Office, Lexis
Practice Advisor®, LexisNexis®
MedMal Navigator® and LexisNexis®
Litigation Profile Suite.
The Content Advantage
Three new modules of the practical guidance offering Lexis Practice
Advisor, covering Real Estate, Intellectual Property & Technology, and
Banking & Finance, will also be available for media preview at
LegalTech. Now offering nine practice and geographical modules, Lexis
Practice Advisor is an unmatched source of expert guidance and on-point
legal analysis that enables lawyers to conduct transactions with greater
confidence and quality. Lexis Practice Advisor is unique in its approach
of partnering experienced attorneys practicing every day i leading
firms and corporate legal departments with an internal attorney team to
create up-to-date guidance, forms and commentary, allowing users to
benefit from leading expertise, fresh perspectives, and recent trends.
Lexis Practice Advisor is among the key products in the LexisNexis
portfolio that directly benefit from the company's strategic investment
in superior content and expertise. Recent acquisitions in practice-area
focused offerings include Knowledge
Mosaic® in the securities space, the Oxford University
Press IP strategy and practice series, and the banking and compliance
portfolio from A.S.
PrattTM and SheshunoffTM.
This sophisticated and comprehensive content approach is complemented by
an integrated delivery strategy that allows users to readily access the
information they need in the format that best suits their work stream.
Alongside the tools and services on Lexis Advance is the extensive LexisNexis®
Digital Library, with more than 2,200 legal eBooks, supported by an
Solution, offering new ways to access legal information.
Litigation Solutions across the EDRM
The LexisNexis portfolio of e-discovery and litigation management
solutions is driven by the objective to reduce litigation risks and
costs, while increasing workflow efficiency for cases of any size. With
a robust offering supporting the most critical phases of the Electronic
Discovery Reference Model (EDRM), the company consistently introduces
innovations to improve scalability, accessibility and further
Evolution, the next-generation enterprise review software,
introduced in 2013, is now available both as installed and hosted
versions, providing outstanding speed, capacity and ease-of-use.
Concordance Evolution fully integrates with LAW
PreDiscoveryTM, reducing cost, time and risk associated
with data transfer. Together with the Web-enabled LexisNexis®
Early Data Analyzer, this creates the best processing and
review offering in the market. With the recent addition of near
duplicate and email
threading to its suite of electronic discovery products, LexisNexis
is harnessing leading-edge tools to equip its customers with a
significant competitive advantage.
LexisNexis also continues to expand the breadth and accessibility of its
tools and services to litigators. Following the recent launch of the TextMap®
app for anytime/anywhere access to electronic transcripts, the next
version of the TextMap®
transcript management software will be released within weeks, adding
full text searching of annotations and exhibits, improved performance
and support for larger cases. Additionally, the litigation presentation
will be revamped to include "zoneless" presentation technology and a
completely new user interface.
What's more, the company is preparing to disclose a new alliance that
creates a unique offering that bundles LexisNexis e-discovery software
with a best-in-breed on-premise cloud infrastructure. This converged
infrastructure solution will respond to the need of law firms to invest
in technology that is cost-efficient and flexible enough to grow with
their workload. It deploys quickly and eliminates up-front investments.
Practice Management & Business of Law
survey by the LexisNexis Business of Law Software Solutions (BLSS)
group showed that cloud-based technology is likely to see dramatic rise
in adoption among independent attorneys. Attorneys in small law firms
overwhelmingly cite "mobility and freedom of access" as the primary
benefit of cloud tools, describing the ability to access case and matter
information from virtually anywhere and at any time.
To that end, the BLSS group will unveil a completely redesigned
cloud-based tool for law firm practice management. After more than a
year in testing with hundreds of attorneys, the software division will
launch a new version of the Firm
Manager® application. Product managers will be on hand in
booth #100 to provide demonstrations of the new product, which presents
simple, yet elegant features. The new product brings with it the long
history of serving the legal profession, and technical resources of
LexisNexis, in order to provide the ethics and security standards an
independent attorney or small law firm must have.
About LexisNexis® Legal & Professional
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 100 countries with 10,000 employees worldwide.
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