SOURCE: Mitratech

Mitratech

October 22, 2010 07:00 ET

Mitratech Demonstrates the Industry's Only Proven Legal Operations Platform at the Association of Corporate Counsel's 2010 Annual Meeting; Advisory Services Available to Help Corporate Counsel Identify and Evaluate Platform Maturity

Corporate Legal Departments Looking for a Platform Approach to Matter Management, e-Billing, Legal Hold, Contract Management, and Compliance Continue to Expand the Mitratech TeamConnect Community

LOS ANGELES, CA--(Marketwire - October 22, 2010) -  Mitratech, the leader in Collaborative Accountability applications including matter management, e-Billing, and GRC management automation, today announced that the in-house counsel community will have the opportunity to view the TeamConnect platform and its legal specific modules during the Association of Corporate Counsel (ACC) 2010 Annual Meeting October 24 - 27, 2010 in San Antonio, Texas. Mitratech will share best practices in identifying and evaluating proven platform solutions and discuss the various applications built by Mitratech's skilled community of ISV partners and customers during the event.

The emergence of the Director of Legal Operations role combined with recessionary budgets have prompted a growing number of corporate legal departments to replace and consolidate point solutions with a platform approach to reduce costs and increase operational efficiencies. The companies making this transition by adopting the TeamConnect Enterprise platform and its legal modules tripled in the past year alone, compared to the motivating circumstances of Mitratech TeamConnect customers in prior years. The driving force behind the trend is to not only reduce operating costs from an IT perspective, but to achieve full visibility across operations for analysis and trending while retaining full control over the system. This control component is critical to enabling business agility, providing the ability for internal business users to flexibly adapt the system to a constantly evolving regulatory environment and new business demands as they arise.

The struggle for many organizations looking to initiate a platform approach is:

1. To identify a platform that offers fully developed, robust solutions that immediately address all areas of legal operations management. This enables the department to replace a myriad of point solutions with a single system and single vendor to dramatically drive down costs, yet have the flexibility to configure the system beyond the limitations of those original point solutions.

2. To achieve business agility through a technology resource that is easy to integrate, configure, and build new solutions upon for an ongoing return on investment.

3. To quickly and easily implement the platform solution with minimal risk of missed deadlines and runaway costs. The key here is to identify a platform vendor with deep implementation expertise, trained consultants, and a large base of effective customer implementations.

In-house counsel from around the world attend the ACC Annual Meeting to explore new ideas in the profession, take advantage of continuing legal education/professional development (CLE/CPD) opportunities, and evaluate new technologies as well as interact with peers and discuss best practices and emerging new demands on corporate counsel. ACC attendees will have the opportunity to view the TeamConnect platform, which is in use by more than a quarter of the Fortune 500 to manage corporate legal and compliance matters, learn best practices in identifying and evaluating mature platform solutions, and discuss the various applications both ISV partners and Mitratech clients have built on the platform. Products and unique customer case studies will be on view at Booth 205 in the exhibit hall.

"What makes us unique in this space is that we're the only legal technology vendor that originated with a go-to-market strategy based on a platform," said Afshin Behnia, Mitratech CEO. "Recognizing the limitations and high cost of ownerships of point solutions, we built a full range of Legal and GRC products on the TeamConnect platform so our customers benefit from an inherently integrated suite of solutions that can easily change over time in response to changing business drivers. TeamConnect is the only Legal and GRC platform that has been proven in the field and that has satisfied the sophisticated requirements of Fortune 500 clients."

For more information on customer use cases, access our customer case study articles and podcasts at http://www.mitratech.com/resources/case-studies.

About Mitratech -- Mitratech provides market-leading Collaborative Accountability Applications for businesses and their trusted partners. With team-oriented domain applications in legal process automation, governance, risk, compliance and security, Mitratech's TeamConnect® Collaborative Accountability Suite improves transparency of financial reporting, reduces exposure to risk, sharpens operating discipline, improves information security and the efficiency of enterprise processes. Our Collaborati browser application also meets the accountability and collaboration needs of proliferating extraprise teams, wherein vendors, partners and service providers often have to be included in sensitive teamwork projects such as electronic billing, legal hold and collaborative budgeting, or those which expose your business to liability. To learn more, visit http://www.mitratech.com.

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