Mitratech also receives Hyperion’s “Market Leader” recognition for its TeamConnect Solution Breadth, TeamConnect Implementations, and Lawtrac Mid-Market Service
AUSTIN, Texas, December 3, 2014– Mitratech, the leading provider of integrated matter management, e-Billing, legal hold, and compliance solutions for legal departments of all sizes, has received Hyperion Research’s esteemed Advanced Solution designation, including special recognitions of Market Leader and Highly Innovative in a number of key capability areas for Enterprise Legal Management (ELM) solutions. This year marks the fourth consecutive year Mitratech has been recognized by Hyperion Research, the legal industry’s leading analyst-based market research firm covering the ELM market, with its highest level coverage.
In its MarketView report, Enterprise Legal Management: E-Billing and Matter Management for Corporations, Hyperion Research evaluated 21 corporate legal solutions and named only 9 as “Advanced Solution Providers,” including both of Mitratech’s ELM solutions: TeamConnect and Lawtrac. Vendors were evaluated on eight capability areas, including product features, product usability, product maturity, technology, implementation, maintenance, company viability, and completeness of market vision.
In particular, Hyperion Research found Mitratech’s TeamConnect platform to strongly outperform in every capability area. TeamConnect was recognized for its complete set of ELM modules, highly flexible applications, and extensive configuration tools designed for sophisticated law departments. The report also highlighted TeamConnect’s high client satisfaction levels, noting that “[TeamConnect] client interviews we conducted indicate satisfaction with responsiveness, training and the value placed on client feedback through user groups and other modes of direct engagement.”
In addition, Hyperion Research also recognized Mitratech’s Lawtrac product in the select group of Advanced Solution Providers for the first time. Designating Lawtrac as the Market Leader for service to the mid-market, the report found that “[Lawtrac’s] vast out-of-the-box functionality allows mid-sized law departments to deploy Lawtrac quickly, while configurability allows those departments to mature and develop their own processes at their own pace.”
“We are thrilled that Hyperion has recognized Mitratech as the top-rated ELM solution provider,” notes Jason Parkman, Mitratech CEO. “They found that what really sets us apart is the breadth of our product set, our track record of successful implementations, and our innovative market vision that spans both of our product platforms. These characteristics enable us to deliver significant cost savings to legal departments and assist our clients to truly be the best-run function within their organization – and that’s what makes us most proud.”
As Corporate Law Departments of all sizes and requirements continue to transform their operational performance, ELM solutions are becoming an ever-more critical enabler,” noted Ralph Schroeder, Managing Director of Hyperion Research. “As an Advanced Solution provider, Mitratech has demonstrated consistent market leadership and innovation across all of their solutions.”
For more information, please visit www.mitratech.com