The industry’s leading Enterprise Legal Management platform adds greater agility to make it easier for corporate legal departments to run their business.
NEW YORK, September 8, 2022 – LexisNexis® CounselLink® today announced the latest release of its industry-leading enterprise legal management (ELM) solution. CounselLink is delivering important new capabilities for driving highly efficient corporate legal processes and tools for increasing productivity, cutting cost, and delivering business value.
Enhancements in the newest version of CounselLink include:
- Work Management – User interface improvements making it easier, cleaner, and quicker for users to complete their work
- Financial Management – Enhancements to document management for quick review, analysis and approval of fee offers
- API Enhancements – Additional APIs and integrations to seamlessly support Reserve Recovery and Indemnity Payment history
“We strive to continually improve our solutions to help our corporate legal customers manage growing pressure, spend, and complexity,” said Vice President of LexisNexis® Legal Business Services Pam Gelfond. “Through our four-pillar system of financial management, work management, vendor management, and analytics, we give our customers the tools they need to be successful in controlling cost in the face of rising outside costs.”
The majority of law departments expect to see their legal needs and fees continue to increase. According to the 2022 CounselLink Trends Report, on average, 2021 partner hourly rates increased by 3.4 percent on top of a 3.5 percent growth in 2020. “CounselLink’s advanced legal work management capabilities help our customers optimize their corporate legal operations,” added Gelfond. “Our 2021 customer survey shows that providing data-driven insight helps save our customers’ organizations an average of 13 percent on legal costs each year.”
For more information, please visit www.counsellink.com.
LexisNexis CounselLink is the leading enterprise 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, cloud-based platform for controlling costs, maximizing productivity, and making better decisions — all supported by powerful analytics that provides you with data to demonstrate your department’s value. For nearly 30 years, LexisNexis has been providing innovative solutions for corporate legal departments crafted from the insights of thought leaders, industry expertise, and customer feedback. Discover more about CounselLink online at www.counsellink.com.
About LexisNexis Legal & Professional
LexisNexis Legal & Professional® provides legal, regulatory, and business information and analytics that help customers increase their productivity, improve decision-making, achieve better outcomes, and advance the rule of law around the world. As a digital pioneer, the company was the first to bring legal and business information online with its Lexis® and Nexis® services. LexisNexis Legal & Professional, which serves customers in more than 150 countries with 10,500 employees worldwide, is part of RELX, a global provider of information-based analytics and decision tools for professional and business customers.
Director, Corporate Communications
LexisNexis Legal & Professional