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4-Traders Homepage  >  Equities  >  London Stock Exchange  >  Relx PLC    REL   GB00B2B0DG97

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Reed Elsevier plc : LexisNexis CounselLink Software Adds New Matter Journal Tool and Enhanced Microsoft Outlook Integration

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04/30/2012 | 03:05pm CEST

New Features Strengthen Popular Matter Management, E-Billing and Legal Hold Software Used by Corporate Legal Departments

LexisNexis (www.lexisnexis.com), a leading provider of content and technology solutions, announced today enhancements to its LexisNexis® CounselLink® legal software that make it easier for corporate legal teams to capture, organize and share critical case and matter details. Among these enhancements are a new matter journaling tool and improved Microsoft® Outlook® calendar synchronization - both of which further strengthen the matter management capabilities of CounselLink.

CounselLink Matter Journal is a robust electronic journaling tool that gives users the ability to capture and share notes on meetings, phone calls, status updates, documents and other pertinent information related to a matter. Journal entries are stored in a central repository and linked back to specific matters managed within the CounselLink service. Through the use of embedded search and filtering tools, users can easily find, categorize, group and pull key pieces of information into status reports with just a few mouse clicks. An attachment feature enables documents (e.g. depositions, meeting minutes, contracts, etc.) to be attached to individual journal entries along with notes or comments that provide context around how each document relates to or impacts the status of the matter.

"The CounselLink Matter Journal tool facilitates collaboration and elevates the effectiveness of corporate legal teams by helping to collect and organize important case details that might otherwise exist only on paper or in the memory of the managing attorney," said Ted Best, senior director, Product Management, LexisNexis. "Matter Journal saves time and gives peace of mind to corporate legal teams who want to know that all matter-related information is captured and readily accessible."

LexisNexis has also tightened the synchronization between the calendar functions resident within its CounselLink software and that of Microsoft Outlook. This synchronization helps eliminate the need for duplicate entry of calendar items and enables events created in either CounselLink or Outlook to be updated automatically across the two applications.

"Our earlier integration efforts with Microsoft Outlook had already provided CounselLink users the ability to access their e-billing and matter management information directly through the more familiar Outlook application most lawyers use every day," Best continued. "The new calendar synchronization further streamlines workflow and minimizes confusion through automatic synchronization of users' Outlook and CounselLink calendars."

An additional enhancement to the latest CounselLink release is the introduction of "Timekeeper Level Budgeting." The Timekeeper Level Budgeting tool helps law departments control costs by giving them a more comprehensive preview into the types and durations of specific tasks likely to be associated with a new matter. This information allows them to provide clear guidance to outside counsel on the appropriate resource and staffing levels they should apply to each task.

LexisNexis CounselLink enables corporate law departments to more effectively and efficiently manage their matters and legal spend, while at the same time optimizing their outside counsel relationships. The service consists of comprehensive matter management functionality, robust e-billing capabilities, actionable reporting and analysis tools and various outside counsel collaboration features. More information about CounselLink matter management and e-billing software can be found at www.counsellink.com.

About LexisNexis Legal & Professional

LexisNexis® Legal & Professional (www.lexisnexis.com) is a leading global provider of content and technology solutions that enable professionals in legal, corporate, tax, government, academic and non-profit organizations to make informed decisions and achieve better business outcomes. As a digital pioneer, the company was the first to bring legal and business information online with its Lexis® and Nexis® services. Today, LexisNexis Legal & Professional harnesses leading-edge technology and world-class content, to help professionals work in faster, easier and more effective ways. Through close collaboration with its customers, the company ensures organizations can leverage its solutions to reduce risk, improve productivity, increase profitability and grow their business. Part of Reed Elsevier, LexisNexis Legal & Professional serves customers in more than 100 countries with 10,000 employees worldwide.

LexisNexis helps professionals at law firms and legal departments of all sizes manage the business element of their practice with innovative software and mobile solutions for customer relationship management, competitive intelligence gathering and assessment, time and billing management, matter management, client analysis, legal holds and more.

Media
John Michaels
LexisNexis Legal & Professional
(202) 857-9121
john.michaels@lexisnexis.com


© Business Wire 2012
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Latest news on RELX PLC
07/19 RELX : *goldman raises relx price target to 1,383 (1,360) pence - 'neutral'
07/15 RELX : *deutsche bank cuts relx to 'hold' ('buy') - target 1335 pence
07/15 *TRADERS : Deutsche bank cuts relx to 'hold' ('buy')
07/15 *TRADERS : Ubs initiates relx with 'buy' - target 1600 pence
07/08 RELX : *rpt/socgen raises relx price target to 1650 pence - 'buy'
07/07 RELX : *socgen raises relx price target to 1650 pence - 'buy'
07/06 RELX : *berenberg raises relx price target to 1425 pence - 'buy'
07/04 RELX : *barclays raises relx price target to 1465 pence - 'overweight'
06/30 RELX : *merrill lynch raises relx price target to 1,400 (1,380) pence - 'buy'
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Financials ( GBP)
Sales 2016 6 528 M
EBIT 2016 1 827 M
Net income 2016 1 118 M
Debt 2016 3 263 M
Yield 2016 2,26%
P/E ratio 2016 24,61
P/E ratio 2017 23,41
EV / Sales 2016 5,00x
EV / Sales 2017 4,76x
Capitalization 29 407 M
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Mean consensus OUTPERFORM
Number of Analysts 22
Average target price 13,4  GBP
Spread / Average Target -4,9%
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Managers
NameTitle
Erik N. Engstrom Chief Executive Officer & Executive Director
Anthony John Habgood Non-Executive Chairman
Nicholas L. Luff Chief Financial Officer & Executive Director
Ron Mobed CEO-Scientific, Technical & Medical
Ben van der Veer Independent Non-Executive Director
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