SOURCE: Mitratech

Mitratech

October 19, 2009 07:01 ET

Mitratech Drives Cuts in Legal Hold Risks and Costs

New TeamConnect Legal Hold Leverages Matter Management Automation for Defensible Hold, Interview and Data Collection Capabilities

BOSTON, MA--(Marketwire - October 19, 2009) - ACC CONFERENCE -- Mitratech, the leader in legal operations management and collaborative accountability software, today announced TeamConnect Legal Hold, which enables a defensible, repeatable process for issuing legal holds, managing custodian interviews and data collections. By connecting the legal hold capability with TeamConnect's powerful matter and spend management solution, TeamConnect Legal Hold gives legal department staff the ability to control legal holds costs while reducing e-discovery risks.

"Our goal with TeamConnect Legal Hold is to empower our clients to avoid unnecessary legal risk, sanctions and fines through a sound methodology and repeatable legal hold process, which are the cornerstones of an effective electronic discovery initiative," said Afshin Behnia, Mitratech's CEO. "With TeamConnect Legal Hold, legal departments can enjoy the advantages of an integrated matter management and legal hold solution from a technology provider they trust for legal operations. We want our clients to get e-discovery requests right at the beginning, which makes a big difference later on."

Addressing a Serious Issue in e-Discovery

With the threat of court sanctions under the Federal Rules of Civil Procedure (FRCP), corporations are under pressure to keep tight control of their electronically stored information (ESI) and other relevant information when they become aware of an impending legal event. An effective legal hold function is the critical first step in establishing a defensible process. The challenge involves managing the collection of relevant data over the life of a legal hold with an understanding of what needs to be collected, from whom, by whom, where and when. By automating key elements of the process, TeamConnect Legal Hold enables consistent collections with dynamic workflow approvals before collection begins. Compared with manual or semi-automated solutions, TeamConnect Legal Hold makes it easier and faster to track hold and custodial responsibility, monitor and record the collection process with dashboard statistics.

A Powerful, Flexible Offering to Reduce Risk as well as Cost

As part of the TeamConnect Legal Suite, TeamConnect Legal Hold gives legal department staff a powerful tool for automating legal holds, reducing the complexity involved in issuing legal holds, managing custodian interviews, and making the process of working with data custodians more streamlined, accurate and cost effective. It gives legal departments greater control over the discovery process by storing matter management and Legal Hold information in a centralized location. The net effect of this automation and centralization is to provide the legal department with a robust mechanism to present defensible legal hold policies and actions in court.

TeamConnect Legal Hold, a next generation product that replaces Mitratech's TeamConnect Litigation Holds, enables auditable adherence to hold notices, reminders and escalation policies, quick and effective interviews of data custodians, and a data collection process managed through collaboration and documentation. Sophisticated reporting capabilities give stakeholders a real time overview of the entire legal hold portfolio, spanning multiple matters, and custodians. TeamConnect Legal Hold enables consistent messaging and delivery of legal hold notices. The product documents recipients' acknowledgements of hold notices, and it automates reminders and escalation policies. Quicker and more effective interviews of data custodians result in less business distraction, and a full audit trail provides proof that the process is being followed. Choosing only relevant custodians and data systems early in the process prevents unnecessary data retention and reduces the ultimate cost of managing the data.

TeamConnect Legal Hold leverages the flexibility and versatility of the TeamConnect Enterprise Platform, which supports more servers than any other product in its class. Legal departments gain greater flexibility, power, and expandability with TeamConnect's open architecture. TeamConnect's streamlined workflow forms the foundation of TeamConnect Legal Hold.

About Mitratech

Mitratech provides market-leading Collaborative Accountability Applications for businesses and their trusted partners. Mitratech's TeamConnect platform has proven the value of collaborative accountability in the areas of corporate legal operations, government case management, compliance, and insurance claims litigation management. Applications built on the TeamConnect platform improve the transparency of financial reporting, reduce exposure to risk and boost operating discipline, information security and the efficiency of enterprise processes. The company's 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, litigation hold and collaborative budgeting, or those which expose businesses to liability. www.mitratech.com

Contact Information