February 23, 2022, Raleigh, NC – LexisNexis® CounselLink® today announced the release of version 22.1 of its industry-leading enterprise legal management (ELM) solution. This release delivers significant new features across the entire legal management process to help legal departments streamline work and matter management, better predict costs and demonstrate their value to their business.
“As the leading ELM platform, CounselLink is committed to driving continuous innovation and product improvement and putting the most critical requirements of our customers first,” said CounselLink Vice President of Product Management, Aaron Pierce. “With each release we add new tools and deeper capabilities to help legal departments lower costs, make budgets more predictable, manage risk and improve decision-making.”
To help improve the way in-house legal departments run, the updated ELM platform addresses a variety of key operational areas. Some of the many new features include:
- Enhanced Microsoft Outlook add-in to streamline tasks, eliminating need to switch applications
- Upgraded visual dashboard to analyze and report on outside counsel billing compliance
- Expanded budgeting capabilities to better manage and reconcile spend against projections
- Expanded invoice review functionality to allow greater usability across multiple sessions
- Expanded allocation capabilities for better financial oversight and user role management
- New API integrations that improve interoperability with other financial and workflow tools
The greater visibility into in-house operations delivered by CounselLink helps legal departments run more effectively as a business. Key learnings from enterprise legal management solutions can help teams anticipate events or develop tactical initiatives for better strategic planning and workflow. Through this basis of continuous improvement, legal teams will be better able to both demonstrate their value to the business and succeed in their tasks.
LexisNexis® CounselLink® is the leading cloud-based legal management solution designed to help corporate legal departments gain 100% visibility into their work, matters, and invoices. CounselLink delivers Work Management, Financial Management, and Vendor Management solutions in one easy to use platform to help you to control costs, maximize productivity, and make better decisions. Gain access to meaningful data around the work your legal team does so you can demonstrate the value your department brings to the table. For nearly 30 years, LexisNexis has been providing innovative solutions for corporate legal departments – and we craft these solutions based on insights from thought leaders, industry expertise, and customer feedback. Discover more about CounselLink online: https://counsellink.com
Marketing Director, Legal Business Solutions