| | july 201434CIOReview | | December 201461CIOReview

AWS 2014

SOLUTION PROVIDERS

20 MOST PROMISING LEGAL TECHNOLOGY

2014

SOLUTION PROVIDERS

20 MOST PROMISING

EMC 20

14

SOLUTION PROVIDERS

20 MOST PROMISING

2014CISCO

SOLUTION PROVIDERS

20 MOST PROMISING

2014HP

SOLUTION PROVIDERS

20 MOST PROMISING

NetAppSOLUTION PROVIDES 2014

20 MOST PROMISING

PROJECTMANAGEMENTSOLUTIONS 2014

20 MOST PROMISING

NetAppSOLUTION PROVIDES 2014

20 MOST PROMISING

NetAppSOLUTION PROVIDES 2014

20 MOST PROMISING

Today’s legal industry is driven by an increasing demand for opera-tional efficiencies, downward pric-

ing and security of data. The transforma-tion sweeping the industry demands that law firms embrace new technology-driv-en processes that reduce costs, improve transparency and streamline information management across the board. “Our spe-cific drivers prompt legal firms to resolve key challenges around matter centricity, information governance, and electronic file management,” says L. Keith Lipman, Esquire, President and Co-Founder of Prosperoware.

Need to knowFrom a content management perspec-tive, the legal industry is unique in that it not only generates its own content, but maintains massive quantities of informa-tion that are actually owned by clients. Increasingly, firms feel pressure from clients to protect their data, as well as the ongoing risk from hackers attempting to achieve either political or economic gain.

For example, multi-nationals engage law firms to represent them in patent solu-tions created through a substantial invest-ment in R&D. Firms are required to col-lect all the critical data to file the patent, which, if exposed, could result in loss of billions of dollars.

“For them, the real threat lies in cy-ber espionage,”says Lipman. Lipman ad-vocates an information governance strat-

egy to address this, where end users

place their doc-

uments and email into electronic files and manage them within established policies.

Milan, an integrated platform for in-formation governance, provides layers of access for different parts of the law firm to help secure confidential matters, enabling security to become a natural part of the workflow.

Improving efficiencyIn light of increased client pressure for efficiency, predictability, and cost effec-tiveness, law firms are being forced to rethink and revise organizational, pricing and service delivery models. Umbria, the newest enterprise platform from Prospe-roware, integrates law firm data to pro-vide a better understanding of a particular matter, client relationship, or practice area to increase client value. Umbria provides metrics and budget-building templates to allow greater visibility into the economics of engagements and to aid firms that are implementing Legal Process Management techniques.

Another new product, Umbria Litiga-tor/Documents, enables legal profession-als and support staff to create different types of indexes such as pleadings, depo-sitions, trial, and case bundles–a piece that is missing in other enterprise document management systems on the market.

“At their core, our products enable self-service, greater security for data, or-der control and analytics, enabling peo-ple to work more effectively during the litigation process,” explains Lipman. The clients are benefitted by standardizing the work processes, as are the different teams collaborating nationally and internation-ally in the same manner, so that when you bring new staff on board, they know where to find the right amount of data for a particular type of work.

Based in Bala Cynwyd, PA, Pros-peroware’s solutions are used by top law firms and corporate legal departments, Gump Strauss Hauer & Feld LLP, Good-win Procter LLP, Baker Botts LLP, Hill Dickinson, Berwin Leighton Paisner LLP, Comcast, NBCUniversal and HP. Oper-ating from offices in Europe, Asia, and the U.S., the company fosters a corporate culture where employees are encouraged to explore and understand more, not limit-ing themselves to their own defined work-space.

Given the transformation in the legal industry, Lipman believes that the differ-ent systems in play across departments have to be consolidated for law firms to act more efficiently. “We are seeing this uni-fied flow coming ahead and are focused on innovating to enable it,” says Lipman.

Prosperoware is growing in the areas of LPM and investing in additional pro-cesses as lawyers start advancing from basic budgeting to project management, making business development more effi-cient.

Prosperoware

Empowering the legal industry to transform

L. Keith LipmanOver the years, law firms are transcending

horizons where the litigation proceedings are being drawn across the corners of the globe.

Globalization has ushered in inexorable technological best practices and cost-effectiveness across the entire litigation spectrum.

In the aftermath of increased security, the digital age is witnessing an array of cloud-based legal services and solutions, and automated processes that ease critical woes on security, cyber espionage, discovery, trial, intellectual asset management, risk and email management and compliance to regulations and guidelines.

Reshaping the litigation landscape are the technologies that transform the legal professional’s workflow into smartly organized digital information. It also enables collaboration and sharing of information

among lawyers teamed for a particular case anywhere across the globe.

However, in lieu of the prudent customer, the need to rein in costs is bringing forth affordable and effective legal delivery models. There is an ongoing fundamental shift in the client’s expectations, be it on pricing or service levels, and addressing these require innovative technologies and approaches.

The following pages explore how legal professionals can benefit from the confluence of available technologies to interact in real time and gain the competitive edge. In the last few months, CIO Review has looked at scores of legal technology solution providers and shortlisted the ones that are at the forefront of tackling the technology challenges in the legal arena.

We present to you CIO Review’s Most Promising Legal Technology Solution Providers 2014.

CIOREVIEW.COMDECEMBER 08 - 2014LEGAL TECHNOLOGY SPECIAL

T h e N a v i g a t o r f o r E n t e r p r i s e S o l u t i o n s

20 Most Promising Legal Technology Solution Providers

Company:Prosperoware

Description:Managing the electronic file, matter centricity, document and email management, information governance, pricing & experience management.

Key Person:L. Keith Lipman, Esquire, President & Co-Founder

Website:prosperoware.com

Prosperoware

recognized by magazine as

Pradeep Shankar

An annual listing of 20 companies that are in the forefront of tackling Legal Technology challenges and impacting the marketplace

LEGAL TECHNOLOGY

2014

SOLUTION PROVIDERS

20 MOST PROMISING

Editor-in-Chief

| | july 201435CIOReview | | December 201461CIOReview

AWS 2014

SOLUTION PROVIDERS

20 MOST PROMISING LEGAL TECHNOLOGY

2014

SOLUTION PROVIDERS

20 MOST PROMISING

EMC 20

14

SOLUTION PROVIDERS

20 MOST PROMISING

2014CISCO

SOLUTION PROVIDERS

20 MOST PROMISING

2014HP

SOLUTION PROVIDERS

20 MOST PROMISING

NetAppSOLUTION PROVIDES 2014

20 MOST PROMISING

PROJECTMANAGEMENTSOLUTIONS 2014

20 MOST PROMISING

NetAppSOLUTION PROVIDES 2014

20 MOST PROMISING

NetAppSOLUTION PROVIDES 2014

20 MOST PROMISING

Today’s legal industry is driven by an increasing demand for opera-tional efficiencies, downward pric-

ing and security of data. The transforma-tion sweeping the industry demands that law firms embrace new technology-driv-en processes that reduce costs, improve transparency and streamline information management across the board. “Our spe-cific drivers prompt legal firms to resolve key challenges around matter centricity, information governance, and electronic file management,” says L. Keith Lipman, Esquire, President and Co-Founder of Prosperoware.

Need to knowFrom a content management perspec-tive, the legal industry is unique in that it not only generates its own content, but maintains massive quantities of informa-tion that are actually owned by clients. Increasingly, firms feel pressure from clients to protect their data, as well as the ongoing risk from hackers attempting to achieve either political or economic gain.

For example, multi-nationals engage law firms to represent them in patent solu-tions created through a substantial invest-ment in R&D. Firms are required to col-lect all the critical data to file the patent, which, if exposed, could result in loss of billions of dollars.

“For them, the real threat lies in cy-ber espionage,”says Lipman. Lipman ad-vocates an information governance strat-

egy to address this, where end users

place their doc-

uments and email into electronic files and manage them within established policies.

Milan, an integrated platform for in-formation governance, provides layers of access for different parts of the law firm to help secure confidential matters, enabling security to become a natural part of the workflow.

Improving efficiencyIn light of increased client pressure for efficiency, predictability, and cost effec-tiveness, law firms are being forced to rethink and revise organizational, pricing and service delivery models. Umbria, the newest enterprise platform from Prospe-roware, integrates law firm data to pro-vide a better understanding of a particular matter, client relationship, or practice area to increase client value. Umbria provides metrics and budget-building templates to allow greater visibility into the economics of engagements and to aid firms that are implementing Legal Process Management techniques.

Another new product, Umbria Litiga-tor/Documents, enables legal profession-als and support staff to create different types of indexes such as pleadings, depo-sitions, trial, and case bundles–a piece that is missing in other enterprise document management systems on the market.

“At their core, our products enable self-service, greater security for data, or-der control and analytics, enabling peo-ple to work more effectively during the litigation process,” explains Lipman. The clients are benefitted by standardizing the work processes, as are the different teams collaborating nationally and internation-ally in the same manner, so that when you bring new staff on board, they know where to find the right amount of data for a particular type of work.

Based in Bala Cynwyd, PA, Pros-peroware’s solutions are used by top law firms and corporate legal departments, Gump Strauss Hauer & Feld LLP, Good-win Procter LLP, Baker Botts LLP, Hill Dickinson, Berwin Leighton Paisner LLP, Comcast, NBCUniversal and HP. Oper-ating from offices in Europe, Asia, and the U.S., the company fosters a corporate culture where employees are encouraged to explore and understand more, not limit-ing themselves to their own defined work-space.

Given the transformation in the legal industry, Lipman believes that the differ-ent systems in play across departments have to be consolidated for law firms to act more efficiently. “We are seeing this uni-fied flow coming ahead and are focused on innovating to enable it,” says Lipman.

Prosperoware is growing in the areas of LPM and investing in additional pro-cesses as lawyers start advancing from basic budgeting to project management, making business development more effi-cient.

Prosperoware

Empowering the legal industry to transform

L. Keith Lipman