Mitratech’s TeamConnect is the Only Product that Addresses Both Matter Management and Entity Management Included in the Top Rankings

LOS ANGELES--(BUSINESS WIRE)-- Mitratech, the leader in Collaborative Accountability applications including matter management, e-Billing, and GRC management automation, announced today that TeamConnect was voted a top legal service provider in both the “Matter Management” and “Entity Management” categories in the New York Law Journal Reader Rankings. TeamConnect was the only product in the top rankings that addresses both matter management and entity management. Mitratech’s platform strategy allows corporate legal departments to address a variety of business requirements using a single system, lowering IT costs and eliminating integration issues. The 2011 New York Law Journal Reader Rankings were unveiled last week in a special supplement. The New York Law Journal is an ALM publication and is the largest-selling legal daily in the U.S.

While the traditional approach to legal automation has been to isolate each problem, look at its individual requirements, and implement a system that meets those specific needs, corporate legal departments are realizing that point solutions present numerous liabilities. Dissimilar point solutions require operating and data integrations that complicate maintenance and make their IT infrastructure both brittle and expensive in the long run. Records are not only more likely to be polluted by duplicate entries and errors, and the lack of standardization in information capture makes reporting difficult at best. Finally, multiple user interfaces elongate training times and raise the likelihood of user mistakes.

Mitratech entered the market with a platform strategy where each application is built on the TeamConnect Enterprise platform, a common infrastructure that supports any high-liability enterprise process. This allows Mitratech customers to address multiple needs with the same software investment and eliminate the risk of point solutions.

“We are thrilled to have been named a top Legal IT provider in not one, but two categories in this year’s Reader Rankings Survey,” said Ashfin Behnia, Mitratech CEO. “At Mitratech we are focused on providing the best solutions possible to connect and collaborate, and improve legal operations. We are proud to be recognized by the user community for that focus and commitment.”

The New York Law Journal’s Reader Rankings were selected by readers from a range of 50 categories across technology, litigation support, consulting and outsourcing, recruiting and staffing, research, accounting, financial services, mediation and education. More than 4,200 lawyers and legal professionals weighed in for this year’s online survey. The results were announced on September 12, 2011.

Mitratech's TeamConnect Collaborative Accountability Applications improve transparency of corporate reporting, reduce exposure to risk, and sharpen operating discipline, information security and efficiency of corporate legal processes. Used by leading Fortune 500 legal departments, and by thousands of law firms around the world, TeamConnect has become a standard for connecting teams, coordinating work, and managing collective knowledge. By combining e-Billing and matter management into one integrated solution, the TeamConnect platform enables organizations to cut costs and improve operational efficiency, as well as addresses organizations’ expanding governance, risk and compliance (GRC) automation needs. With users in more than 150 countries, TeamConnect is uniquely positioned to provide full visibility into global matters (litigation, transactions, and contracts), risks, expenses, performance, and compliance issues.

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, and 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.

CONTACT:

Mitratech
Shirin Behnia, 323-900-1956
shirin.behnia@mitratech.com
or
Lois Paul & Partners
Maribel Lopez, 781-782-5719
maribel_lopez@lpp.com

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