SOURCE: DataCert

DataCert, Inc. - The leading global provider of software and services for the legal industry

September 01, 2009 16:52 ET

DataCert to Host Seminar Series on Alternative Fee Arrangements for Corporate Legal Departments

DataCert and Valorem Law Group to Discuss the World Beyond the Billable Hour and the Role Legal Technology Plays in Managing AFAs

HOUSTON, TX--(Marketwire - September 1, 2009) - DataCert, Inc., the leading global provider of legal operations management solutions, today announced a new seminar series being delivered in partnership with Valorem Law Group, to discuss how corporate legal departments can leverage alternative fee arrangements (AFAs) to create budget predictability and extract the greatest value from their outside counsel. This free seminar series, which will take place in September in three cities across the United States, will also explore the role that legal technology plays in evaluating and improving the effectiveness of AFAs with outside counsel.

"There is no doubt that AFAs are becoming integral to the way legal departments do business. No longer is the billable hour accepted as the only means of paying for legal services," said Mark Poag, general counsel and senior vice president, marketing, DataCert. "There is a tremendous opportunity to leverage existing legal technology to effectively manage AFAs to ensure optimal value is achieved."

"Valorem Law Group was founded in January 2008 on the proposition that complex business litigation should be handled using AFAs," said Patrick J. Lamb, Founding Member, Valorem Law Group. "We have found them to be an extremely effective tool for providing our clients with maximum value."

In-house counsel and corporate legal department managers and executives should attend this free seminar to learn how to address challenges related to the way they negotiate, enforce, and track the success of the AFAs and how legal technology can help them with this. The featured speakers for the seminar are:

-- D. Mark Poag, General Counsel and Senior Vice President, Marketing, DataCert

-- Patrick J. Lamb, Founding Member, Valorem Law Group


The free seminar will be held in September in the following cities:

-- Houston - September 9

-- Chicago - September 22

-- Silicon Valley - September 24


To register for one of these seminars, visit www.datacert.com.

About DataCert, Inc.

DataCert is the premier global provider of legal operations management solutions, including legal spend, intellectual property, and matter management software and services. Corporate legal departments trust DataCert solutions to manage, analyze, and optimize their legal operations. DataCert has law firm, vendor, and agent connections in more than 150 countries and its customers include 71 Fortune® 500 corporations, 53 Global Fortune® 500 corporations, and 100% of the AmLaw 200. Visit www.datacert.com for more information.

About Valorem Law Group

Valorem (meaning "value" in Latin) Law Group, LLC opened its doors on January 2, 2008. Formed by four partners who are self-proclaimed "BigLaw Refugees," the firm represents business interests in litigation and other disputes. The firm's website declares "The Billable Hour Is Dead," and details the firm's belief that alternative fee arrangements can provide clients with budget certainty and results-oriented discipline in any kind of litigation. The firm also provides its clients a "Value Adjustment Line" on every invoice, giving clients the ultimate discretion to adjust the amount of the firm's invoice to match the value received.

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