Autonomy Announces Next Generation Solution to Manage Conflicts of Interest Process for Law Firms
By Autonomy Corporation Plc, PRNETuesday, January 26, 2010
Autonomy's iManage ConflictsManager Detects Patterns and Reduces the Risk and Time Required for New Client Vetting Procedures
CAMBRIDGE, England and SAN FRANCISCO, January 27 - Autonomy Corporation plc (LSE: AU. or AU.L), a global leader in
infrastructure software for the enterprise, today announced the availability
of iManage ConflictsManager, an innovative solution that enables law firms to
streamline the management of their conflicts of interest process. iManage
ConflictsManager is powered by Autonomy's Intelligent Data Operating Layer
(IDOL), which identifies patterns in data and automatically acts on that
knowledge to mitigate risk and accelerate the overall conflict screening
process. Unlike legacy approaches, whose traditional keyword searches are
limited to a finite number of data sources and laden with manual processes,
Autonomy's iManage ConflictsManager represents the first solution that
automates time-consuming steps in the vetting procedure and thus minimizes
the risk associated with this process.
Screening for conflicts of interest is a critical process for law firms
while onboarding new clients, protecting the interests of existing clients
while also complying with professional and ethical responsibility rules. The
process has become an increasingly complex task for law firms given the rise
of mergers and acquisitions, globalization and the increase in lateral hires
within the legal industry.
Built based on IDOL's unique ability to understand, analyze and act on
the meaning of information in any file format and language, Autonomy's
iManage ConflictsManager enables global law firms conducting businesses
around the world to understand the inter-relationships of their data when
conducting new client vetting procedures. The solution also offers the
following advanced capabilities:
- Fast, comprehensive and real-time search - uses IDOL's core information processing engine - Conceptual understanding - applies Autonomy's Meaning Based Computing approach to transform the conflicts detection process - Flexible conflicts database to maintain historical party and client information - Web-based reporting interface - improves quick elimination of false hits and online annotation and routing of potential conflicts - Lateral Hire Module - faster processing of on-boarding attorneys' conflict metadata - Integration with iManage WorkSite to audit Engagement Letters and Waiver Letters - Seamless integration with iManage WorkSite, iManage RecordsManager and iManage Workflow Manager- provides a comprehensive, end-to-end legal risk management solution
"Advances in information processing technologies, such as those in
Autonomy's IDOL, can transform the conflicts resolution process in law
firms," said Meg Block, managing director at Hildebrandt Baker Robbins. "The
increasing complexity of ethical and business conflicts resolution and the
ever-growing volume of source data requires information to be presented in
context, with the most relevant content distinguished in an intuitive
interface."
"Autonomy is committed to providing advanced technology to enable law
firms to improve productivity, and protect and promote their business," said
Neil Araujo, CEO of Autonomy iManage. "Now with iManage ConflictsManager, our
more than 1,500 law firm customers can further streamline their business
process by quickly and accurately identifying whether there is any conflicts
of interest in their new client vetting procedures."
Please visit www.autonomy.com/conflictsmanager to find out more.
About Autonomy iManage
Autonomy iManage is the leader in information management applications for
the legal and professional services market. Building on Autonomy's advanced
Meaning Based Computing platform, Autonomy iManage offers the most
comprehensive suites of information management applications all on a common
platform. Autonomy iManage has over a decade of experience working with law
and accounting firms to understand how these professionals interact with
information and their need to find, manage and process large volumes of
content quickly and intuitively. Organizations from all over the world,
including 75 of the top 100 global law firms, are standardizing on Autonomy
iManage which uniquely spans the complete EDRM on a single technology
platform, including document and email management, information governance,
archiving and records management, knowledge management, policy management and
eDisclosure, legal hold and review. Autonomy iManage can now link over 1,400
law firms with the data inside over 20,000 corporate clients using powerful,
familiar tools, and is the only vendor to offer the ability to access and
analyze corporate information in-place for a case, eliminating point
solutions and the risky and costly hand-offs of data used for investigations
and litigation.
Customers include corporations and law firms such as Allen & Overy, BAE
Systems, Bloomberg, Citigroup, Deutsche Bank, DLA Piper, Grupo Santander,
LexisNexis, Linklaters, Lloyds TSB, Merrill Lynch, Slaughter and May, UK Law
Society, and White & Case. More than 400 companies OEM Autonomy technology,
including Symantec, Citrix, HP, Novell, Oracle, Sybase and TIBCO. The company
has offices worldwide.
Please visit www.autonomy.com to find out more.
Autonomy Editorial Contacts: Assia Svinarova David Vindel Autonomy (UK) The Red Consultancy (UK) +44-1223-448000 +44-207-025-6529 assias@autonomy.com david.vindel@redconsultancy.com Edward Bridges Ian Bain Financial Dynamics (UK) The Red Consultancy (US) +44-207-831-3113 +1-415-618-8806 edward.bridges@fd.com ian.bain@redconsultancy.com
Assia Svinarova of Autonomy (UK), +44-1223-448000, assias at autonomy.com; or Edward Bridges of Financial Dynamics (UK), +44-207-831-3113, edward.bridges at fd.com; or David Vindel, The Red Consultancy (UK), + 44-207-025-6529, david.vindel at redconsultancy.com; or Ian Bain of The Red Consultancy (US), +1-415-618-8806,ian.bain at redconsultancy.com, all for Autonomy Corporation plc
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