ILTA 2011 Revels In Acquisitions and Product Enhancements

The BIG news here at the International Legal Technology Association Conference has been the acquisition by Aderant of CompuLaw and Client Profiles including CRM4Legal.  Aderant’s CEO, Chris Giglio told LexTekReport that, “These acquisitions bring together best-in-class products that not only complement each other extremely well, but also give law and professional services firms a single provider for a large portion of their mission critical business applications.” Aderant is on the move to become the largest software and services provider in the legal market giving both Thomson-Reuters-West and LexisNexis a run for the money.

According to ILTA’s 2010 survey of 464 law firms, Aderant accounted for 19% of the law firm time & billing market behind Elite’s (Thomson-Reuters-West) 40% of market share. However it’s important to note that in firms of attorneys of 700 or more, Aderant at 46% leads Elite at 42%. Elite is more dominant in the 350 to 699 lawyer firm range with 61% over Aderant’s 34% and Elite beats Aderant in every category of size below that range.

This announcement follows on the heels of HP’s acquisition of Autonomy for $10 billion.  Are we heading for a another six-headed monster of legal vendors similar to the dominance by large vendors in the legal research market?

Not to let the announcements above overshadow other business at the conference, here are some items of interest:

The International Legal Technology Association (ILTA), and InsideLegal, an insider’s guide to doing business in legal technology, released the findings of the 6th annual ILTA/InsideLegal Technology Purchasing Survey (Survey). The 2011 Survey, focused on feedback from ILTA member law firms with 50 or more attorneys, covers more detailed legal technology budget questions; updated information on firms’ social media preferences; an in-depth analysis of cloud computing; and sections on technology outsourcing and IT challenges. Survey findings and analysis will be presented as part of InsideLegal’s vendor education program in conjunction with ILTA’s Annual Conference.

2011 Survey highlights include:

  • Overall firm technology spending, as a percentage of firm revenue and based on per attorney spend, is still down from pre-2009 economic downturn figures
  • 57% of all responding firms spend between 2-4% of total firm revenue on technology
  • 46% of survey participants indicated spending $8K-$17K per attorney on technology purchases, the same response rate as in 2010
  • While budget slashing has been curtailed, keeping budgets balanced has taken priority with 35% indicating their budgets remained the same
  • The top five technology implementations within the last 12 months included desktop hardware; laptops/notebooks; network/server upgrades; storage area networks and virtualization
  • While ILTA’s Peer to Peer Magazine and ILTA whitepapers remain ‘favorite’ reads, 5 of the top 10 favorite publications mentioned by respondents are non-legal, general technology publications
  • Of the 52% who indicated using Twitter, many of them (27%) have an account but don’t actively use it
  • 44% of this year’s respondents reported they use outside technology consultants to aid in making purchasing decisions
  • Internet research was cited as the 2nd most popular influence in terms of aiding IT purchasing decisions (next to peer recommendations)
  • 33% indicated they are implementing a cloud strategy, up from 17% in 2010 and 9% in 2009
  • 55% of surveyed firms provide IT support for employees that purchase and use their personal tablet devices

Worldox has two announcements, the first being that their Worldox Web Mobile 2.0  is ready to launch.  Worldox Web 2.0 will enable integration with Microsoft Office on both Open and Save commands, so users can access Worldox’s profiling system and search tools while working remotely.  The other announcement comes from Thomson/Reuters, that West Case Notebook, West’s case analysis software and part of the Westlaw Litigator Suite, now integrates with Worldox® Document Management System (DMS) software, providing attorneys and other litigation team members with more efficient, streamlined workflows for effectively managing key case information.

Informative Graphics Corporation (IGC), a leader in content viewing, collaboration, publishing and redaction technology, officially releases the latest version of Redact-It® Desktop, its electronic redaction software. Most notably, the new version includes new redaction log capabilities designed to make creating the privilege log, an essential part of a defensible eDiscovery process, more efficient. The latest Redact-It offers the ability to create a customizable redaction log for each document. Users can choose which fields to include in the redaction log—like Document Name, Custodian Name, Recipient Name, and Redaction Reason—to ensure they match that of the case privilege log. Then, using the new Redact-It Reports tool, they can aggregate the individual document logs into a single table that is ready to cut and paste into the case privilege log. Redact-It now offers the ability to export log information to EDRM XML load file format, making importing the information into a case management system more efficient.

Exterro, the legal industry’s most trusted provider of e-discovery software solutions, introduced Fusion LawFirm, a complete, end-to-end e-discovery software suite designed to meet the growing needs of law firms. Being showcased this week at the annual ILTA 2011 Conference in Nashville, Fusion LawFirm enables legal teams to deliver enhanced project management services to their corporate clients across the entire EDRM spectrum, efficiently and predictably. Fusion LawFirm is offered via Exterro’s flexible, flat-fee pricing model, becoming the industry’s most cost-effective, comprehensive e-discovery suite for law firms.

kCura, the developers of the e-discovery platform Relativity, will be showcasing new products, including Relativity Assisted Review and Fact Manager, and offering hands-on exercises for their software.  At the conference, kCura will be at booth #704, and will offer demos and hands-on labs in Belle Meade A from 8 a.m. to 5 p.m. on Tuesday. One kCura lab will feature Relativity Assisted Review, the faster, more accurate way to review large volumes of electronic documents. Visitors can also participate in a hands-on lab for Fact Manager, the first application built by kCura’s on-demand workflow advice team, advice@kCura.

Cypress Communications announced the addition of the Cisco® Hosted Collaboration Solution (HCS) and the expansion of its flagship C4 Product Suite. Cisco HCS will be integrated into the Cypress cloud and backbone infrastructure, marketed as C4 UC™ and delivered as an enterprise, hosted Unified Communications as a Service (UCaaS) solution. Backed by Cisco technology, Cypress will provide hosted UCaaS with innovative capabilities, such as seamless call transfers from fixed to mobile phones, the use of presence technology, web conferencing, desktop video and a state-of-the art mobile client that extends UCaaS functionality to Apple iOS and Android based devices, including Cisco Cius™. C4 UC will be generally available for sale in September 2011. Cypress is unveiling its UCaaS solution at the International Legal Technology Association’s (ILTA) annual conference in Nashville, TN at the Gaylord Opryland Resort & Convention Center, booth #722.

RPost, the inventor of Registered Email® services, and Esquire Innovations, the leader in document metadata management, announced collaboration to extend Esquire’s iScrub product with RPost advanced messaging, security and collaboration services.  Now, after iScrub prepares attached documents for sending to external parties, it automates options to transmit the message and attachments via the RPost Cloud processing platform, for best in class email proof, compliant and secure encryption, and electronic signature services.

PowerSearch Software, the leading developer of affordable and accessible search technologies, announced the general availability of the latest release of its software, version 3.0. With this latest release, PowerSearch brings increased breadth and depth to the original product which was introduced to the market in May of this year. PowerSearch can be seen at the ILTA Conference at Booth 806, or can be downloaded from the PowerSearch website.

Stay tuned for more news from ILTA.

DG

~ by CDLB on August 23, 2011.

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