End-to-end legal management capabilities and ease of integration with other business applications cited as leading drivers of selection
AUSTIN, Texas, January, 2015 – Mitratech, the leading provider of enterprise legal management (ELM) solutions, announced today that Xerox has chosen TeamConnect to handle its legal matter management and spend management needs.
Xerox is the world’s leading enterprise for business process and document management. Headquartered in Norwalk, CT, the company has 140,000 employees in 180 countries and is consistently ranked on the Fortune 500 list with almost $22 billion in annual revenue. Xerox chose TeamConnect software to replace a proprietary system that had been developed over many years, and it represents a strategic platform for innovation for Xerox’s legal department.
Mitratech’s TeamConnect product was recently recognized as the highest-ranked ELM solution in the industry by Hyperion Research. As the market leader for almost 30 years, TeamConnect provides end-to-end enterprise legal management capabilities including matter management, spend management, e-Billing, Outlook integration, legal hold, contracts management, and compliance solutions for the world’s most complex legal departments. On average, TeamConnect clients realize 6% reduction in overall legal spend after implementation.
“We are thrilled to welcome Xerox to our rapidly growing community of clients,” said Mitratech CEO Jason Parkman. “Xerox recognizes that the legal department can truly be one of the best-run departments in the enterprise – driving revenue and proactively minimizing business risk, and we are excited to assist them to even further achieve these goals.”
Mitratech is the leading provider of fully integrated enterprise legal management solutions for global legal departments of all sizes, including more than 25% of the Fortune 500 and more than 230 organizations. Mitratech’s offerings are used by over 65,000 users and 8,500 vendors (including 100% of the Am Law 200) in over 140 countries. These solutions include the TeamConnect and Lawtrac product platforms, both of which offer end-to-end matter management, e-Billing, legal hold, contracts management, entity management and GRC solutions. Mitratech clients are able to prove demonstrable value creation for their organization by automating legal workflows, improving business outcomes through actionable data and insight, increasing collaboration with external partners, and reducing overall legal spend. To learn more, visit www.mitratech.com.