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Press Releases
CT TyMetrix Successfully Completes Initial UK Rollout of CT TyMetrix 360 with Clients, Including BP — Culminates Year of “Firsts” for CT TyMetrix in UK
Company at the Forefront of Global Legal E-Billing; Looks to Continue Expansion in 2008
HARTFORD, Conn. & LONDON — CT TyMetrix, the global leader
in Web-based law department management solutions, today announced that it has successfully
completed the UK launch of its flagship product, CT TyMetrix 360 for several of
its UK clients, including BP. Implemented in June 2007 in the UK, CT TyMetrix 360
now supports its UK clients by providing a global law department management system
that helps them manage their matters, finances and performance.
Because of regulations like the Companies Act and Sarbanes-Oxley, it is critical
that law departments have governance mechanisms in place for the management of risk
and spend. Around the world, law departments are turning to CT TyMetrix to help
manage their exposures budgets and legal spend.
In addition to being the first legal e-billing provider with a fully functional
solution in the UK, CT TyMetrix is the only vendor to successfully accept invoices
formatted in Legal Electronic Data Exchange Standard™
(LEDES) XML version 2.0 — the de facto standard for global
legal transactions. The first invoices, which were received from the UK law firms
Wragge & Co LLP and Herbert Smith LLP, leveraged extended conversations with
the UK’s leading law firms about the correct method for
handling the complexities of VAT and tax handling.
“CT TyMetrix is proud to contribute to our clients’ success in the UK and abroad,”
said John Weber, general manager of CT TyMetrix. “With
the initial launch of CT TyMetrix 360, our locally-based team has demonstrated a
deep understanding of the requirements of UK law departments. Of course, we are
also extremely proud to have added to our long list of ‘firsts’ in the legal technology space.”
CT TyMetrix will continue to bring its subject matter expertise to UK corporate
legal offices through an ongoing Thought Leader Seminar series. It has joined forces
with fellow Wolters Kluwer companies Kluwer Law International and CT Summation to provide free, half-day seminars. The next seminar, to be held Feb. 5 at London’s One Aldwych hotel, will focus on best practices in legal spend management for corporate legal departments. Those interested to attend can register on the seminar series Web site, www.legalthoughtleaders.co.uk.
About CT
CT TyMetrix, part of CT, is the market leader in Web-based management solutions,
including e-billing, matter management and performance metrics, for corporate law
departments and claims organizations. For more information, please visit www.cttymetrix.com.
CT, a Wolters Kluwer business, provides intelligent software and service solutions that empower legal professionals to more effectively
manage dynamic information, speed workflows and make critical decisions. CT is the market leader for corporate compliance and governance services
and solutions, including solutions for managing statutory representation, corporate transactions, and jurisdictional and securities compliance;
UCC products and services for corporate due diligence, secured lending, bankruptcy, and real estate, among other areas; matter management and
e-billing applications, litigation support software, and electronic discovery; and innovative trademark research offerings. CT is based in New
York City. For more information, please visit
www.ctlegalsolutions.com.
About Wolters Kluwer
Wolters Kluwer is a leading global information services and publishing company. The company provides products and services for professionals in the
health, tax, accounting, corporate, financial services, and legal and regulatory sectors. Wolters Kluwer has 2006 annual revenues of €3.7 billion,
employs approximately 19,900 people worldwide and maintains operations across Europe, North America, and Asia Pacific. Wolters Kluwer is
headquartered in Amsterdam, the Netherlands. Its shares are quoted on the Euronext Amsterdam (WKL) and are included in the AEX and Euronext
100 indices. For more information, visit www.wolterskluwer.com.
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