Law Firm Software helps manage conflicts of interest process.
February 3, 2010 -
Streamlining conflicts of interest management, iManage ConflictsManager enables global law firms conducting businesses to understand inter-relationships of data when conducting new client vetting procedures. Intelligent Data Operating Layer (IDOL) identifies patterns in data from file format/language and automatically acts on that knowledge to mitigate risk as well as accelerate overall conflict screening process. This automates time-intensive steps while minimizing associated risk.
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|Original Press release |
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Autonomy Announces Next Generation Solution to Manage Conflicts of Interest Process for Law Firms
Autonomy's iManage ConflictsManager Detects Patterns and Reduces the Risk and Time Required for New Client Vetting Procedures
CAMBRIDGE, England and SAN FRANCISCO -- Autonomy Corporation plc , a global leader in infrastructure software for the enterprise, today announced the availability of iManage ConflictsManager, an innovative solution that enables law firms to streamline the management of their conflicts of interest process. iManage ConflictsManager is powered by Autonomy's Intelligent Data Operating Layer (IDOL), which identifies patterns in data and automatically acts on that knowledge to mitigate risk and accelerate the overall conflict screening process. Unlike legacy approaches, whose traditional keyword searches are limited to a finite number of data sources and laden with manual processes, Autonomy's iManage ConflictsManager represents the first solution that automates time-consuming steps in the vetting procedure and thus minimizes the risk associated with this process.
Screening for conflicts of interest is a critical process for law firms while onboarding new clients, protecting the interests of existing clients while also complying with professional and ethical responsibility rules. The process has become an increasingly complex task for law firms given the rise of mergers and acquisitions, globalization and the increase in lateral hires within the legal industry.
Built based on IDOL's unique ability to understand, analyze and act on the meaning of information in any file format and language, Autonomy's iManage ConflictsManager enables global law firms conducting businesses around the world to understand the inter-relationships of their data when conducting new client vetting procedures. The solution also offers the following advanced capabilities:
-- Fast, comprehensive and real-time search - uses IDOL's core information processing engine
-- Conceptual understanding - applies Autonomy's Meaning Based Computing approach to transform the conflicts detection process
-- Flexible conflicts database to maintain historical party and client information
-- Web-based reporting interface - improves quick elimination of false hits and online annotation and routing of potential conflicts
-- Lateral Hire Module - faster processing of on-boarding attorneys' conflict metadata
-- Integration with iManage WorkSite to audit Engagement Letters and Waiver Letters
-- Seamless integration with iManage WorkSite, iManage RecordsManager and iManage Workflow Manager- provides a comprehensive, end-to-end legal risk management solution
"Advances in information processing technologies, such as those in Autonomy's IDOL, can transform the conflicts resolution process in law firms," said Meg Block, managing director at Hildebrandt Baker Robbins. "The increasing complexity of ethical and business conflicts resolution and the ever-growing volume of source data requires information to be presented in context, with the most relevant content distinguished in an intuitive interface."
"Autonomy is committed to providing advanced technology to enable law firms to improve productivity, and protect and promote their business," said Neil Araujo, CEO of Autonomy iManage. "Now with iManage ConflictsManager, our more than 1,500 law firm customers can further streamline their business process by quickly and accurately identifying whether there is any conflicts of interest in their new client vetting procedures."
Please visit www.autonomy.com/conflictsmanager to find out more.
About Autonomy iManage
Autonomy iManage is the leader in information management applications for the legal and professional services market. Building on Autonomy's advanced Meaning Based Computing platform, Autonomy iManage offers the most comprehensive suites of information management applications all on a common platform. Autonomy iManage has over a decade of experience working with law and accounting firms to understand how these professionals interact with information and their need to find, manage and process large volumes of content quickly and intuitively. Organizations from all over the world, including 75 of the top 100 global law firms, are standardizing on Autonomy iManage which uniquely spans the complete EDRM on a single technology platform, including document and email management, information governance, archiving and records management, knowledge management, policy management and eDisclosure, legal hold and review. Autonomy iManage can now link over 1,400 law firms with the data inside over 20,000 corporate clients using powerful, familiar tools, and is the only vendor to offer the ability to access and analyze corporate information in-place for a case, eliminating point solutions and the risky and costly hand-offs of data used for investigations and litigation.
Customers include corporations and law firms such as Allen & Overy, BAE Systems, Bloomberg, Citigroup, Deutsche Bank, DLA Piper, Grupo Santander, LexisNexis, Linklaters, Lloyds TSB, Merrill Lynch, Slaughter and May, UK Law Society, and White & Case. More than 400 companies OEM Autonomy technology, including Symantec, Citrix, HP, Novell, Oracle, Sybase and TIBCO. The company has offices worldwide.
Please visit www.autonomy.com to find out more.