Tuesday, August 26, 2008

Search Gets Serious: LexisNexis and Interwoven Combine

ILTA never fails to impress with the "BIG" announcements from various vendors each year - and the first one out of the gate this week from ILTA '08 in Texas could be more interesting than we've seen in a while. We've only just digested this, so no real comments just yet until we ponder....hmmmm....(that is the sound of us pondering).

***** Industry Leaders Combine Strengths in Enterprise Search, Document Management, and Legal Content and Analysis for Streamlined Workflow Approach To Knowledge Management *****

DALLAS, Aug. 25 /PRNewswire-FirstCall/ -- ILTA 2008 CONFERENCE

Interwoven, Inc. (Nasdaq: IWOV), a global leader in content management solutions, today announced it has entered into an agreement with globalbusiness information solutions provider LexisNexis to integrate and launchLexis(R) Search Advantage, a new search enrichment offering, with Interwoven Universal Search.

The integration of Lexis Search Advantage with Interwoven Universal Search will combine the market leading enterprise search solution for professional service firms with content and services from LexisNexis(R) to provide law firm attorneys a single destination to efficiently find and leverage internal workproduct and trusted content from LexisNexis. Lexis Search Advantage is available immediately in the U.S. market by LexisNexis.

The agreement supports a growing demand in the legal industry fortechnology providers to combine expertise to offer more integrated and powerful solutions to help attorneys streamline workflow and productivity. Lawyers today must use a multitude of technology solutions to perform daily functions with little-to-no integration or context between the technologies.This results in a productivity drain that negatively impacts firm profits andcan harm client satisfaction due to the inconsistent application of firm best practices.

"To compete and win on a global scale, today's law firms requirestreamlined technology solutions," said Mike Walsh, CEO U.S. Legal Markets,LexisNexis.

"The integrated product offering by LexisNexis and Interwoven is aperfect example of two respected market leaders delivering enhanced workflow capabilities to improve productivity, increase profitability, and stimulate growth."The combination of the market leading Interwoven Universal Search solution with the new Lexis(R) Search Advantage solution provides law firms with a powerful asset that unifies and integrates access to content across multiple internal and LexisNexis sources, to provide a unique and comprehensive search environment. The benefits to law firms include:

* Significant streamlined workflow in a more intuitive and efficient manner, driving higher levels of client service and improved profitability

* Richer contextual search capability with simultaneous searching of allinternal documents and LexisNexis services at
http://www.lexis.com. LexisNexis research solutions are used daily by lawyers and relied on as the most authoritative, comprehensive collection of legal, news and business, and riskand analytics content available anywhere

* Integration of real-time Shepard's Signal(TM) indicators in internal documents instantly allow attorneys to confirm if a case law citation is strong, accurate, and on point. This eliminates several manual steps that lawyers must take to examine current legal validity of a citation

* Powerful enterprise search technology and Web 2.0-based user experienceand navigation to drive a tailored and comprehensive search experience

* Documents within a firm's content repositories are enriched with additional metadata to enable enhanced identification and improved access to relevant external documents

"This alliance exemplifies the thought leadership Interwoven and LexisNexis have in the legal industry and demonstrates Interwoven's commitment to help solve the complex information management challenges of law firms," said Joe Cowan, CEO at Interwoven. "Customers want their top technology providers to work closely together to drive increased efficiencies, reduce risk, and provide better leverage of their investments. By working together with LexisNexis, we can make a big difference to a fundamental aspect of a lawfirm's operation."

No comments: