SOURCE: The Frayman Group

July 19, 2007 12:02 ET

The Frayman Group, Inc. Consulting Division Provides Law Firms With Risk Management Assistance

Featured Services Include LegalKEY® Optimization, Project Management and Implementation

NEW YORK, NY and LONDON--(Marketwire - July 19, 2007) - The Frayman Group, Inc., a provider of business process assurance services and technologies for law firms, today announced the availability of risk management consulting services to assist law firms with enhancing productivity and mitigating risks stemming from the handling of client-matter information.

The Frayman Group provides strategic guidance, project management and technical services pertaining to new business inception, conflicts clearing, records management and data confidentiality. The company specializes in helping firms optimize their use of Open Text Corporation's (NASDAQ: OTEX) LegalKEY proactive compliance software suite. "We're leveraging The Frayman Group's expertise to assist us with upgrades and enhancements to our LegalKEY Conflicts Management and New Business Intake systems, including database synchronizations and the development of new reports," said Carol Gunn, Director of Conflicts and New Business, White & Case LLP. "In addition to development and project management services, we're also utilizing them for training and overall compliance and risk management assistance."

"The Frayman Group has an in-depth knowledge of all aspects of our LegalKEY products as well as with industry best practices for client intake and conflicts clearing," said Mohit Thawani, Business Development Manager, Legal Solutions Group, Open Text Corporation. "We share a common goal in helping law firms achieve their compliance initiatives and we're pleased that they can provide added value to our customers."

The Frayman Group's extensive consulting services also include:

--  Auditing and process reengineering related to new business inception
    and conflicts staffing, processes, procedures and technologies.
--  Evaluating risk management and compliance issues, including external
    mandates (e.g. Patriot Act) as well as the firm's business rules.
--  Managing changes to a firm's traditional client base from lateral
    growth.
--  Advising and conducting conflict analyses for law firm mergers.
--  Training of new business intake and conflicts staff.
--  Performing technology project management and development services as
    needed, including software integrations, report design, and product
    enhancements.
    

"Law firms today are looking for assistance in actively updating their client/matter policies, procedures and technologies to reduce risk exposure and streamline operations," said Yuri Frayman, founder and CEO of The Frayman Group. "Our team has helped more than 250 law firms to that end and we will continue to do so on our own and in partnership with other vendors such as OpenText Corporation."

About The Frayman Group, Inc.

The Frayman Group, Inc. is a consulting and software development company that provides business process assurance services and technologies for law firms. The Frayman Group leverages its unparalleled industry expertise to help firms reduce risk, grow strategically and boost productivity. Our team of professionals, led by LegalKEY® visionary Yuri Frayman, has assisted more than 250 law firms worldwide in auditing their new business acquisition and matter-related processes. For more information, please contact info@fraymangroup.com.

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