Freshfields Bruckhaus Deringer Fortifies Legal Strategy with Verity Technology
Worlds' Leading Law Firm Uses Search, Taxonomy and Classification Software Globally to Better Equip its 2,400 Lawyers with Critical Information
SUNNYVALE, Calif. - 2004-10-16 - Verity Inc. (NASDAQ: VRTY), a leading provider of enterprise software that enables organizations to maximize the return on their intellectual capital investment, today announced that Freshfields Bruckhaus Deringer (Freshfields), a leading international law firm, has selected a suite of Verity's products to manage information across the company. These Verity products will form the basis of a know how system designed to help the firm's lawyers and clients based in different countries to locate business critical information more quickly and efficiently by providing an intuitive browser-based knowledge interface.
Freshfields Bruckhaus Deringer will be leveraging the advanced search, classification and recommendation capabilities of Verity® K2 Enterprise (K2E) together with Verity® Collaborative Classifier (VCC), taxonomy and classification management software that enables distributed subject matter experts to organize information around specific business roles and requirements. The firm plans to roll out both products in early 2005. They will replace a combination of home- grown search and other search and classification systems. Verity® Response, which handles frequently asked questions to speed up the process of finding information, has also been included as part of the Verity package. The company's software is intended to be used initially for internal business processes to support both local jurisdictional work as well as cross-border cooperation, and will eventually be extended to a combination of other applications.
The firm has over 2,400 lawyers in 28 key locations across the world, covering Europe, Asia and the United States. Like most law firms, documents at Freshfields Bruckhaus Deringer have historically been electronically indexed but stored in paper form in files at each location. The firm is now embarking on a program of storing these documents in full text electronically. Once converted, Verity's K2E will provide powerful search capability, allowing lawyers across the world to search documents throughout the firm in different languages, subject to confidentiality restrictions. In addition, VCC will enable KM legal professionals, who know and use the content, to manage the way the firm's information is organized, even though they may be distributed across different parts of the network or geographic locations. VCC permits the maintenance of the taxonomies based on individuals' roles within the enterprise.
The international law firm looked at a number of Intellectual Capital Management systems and selected Verity because it met the majority of its business requirements. The Verity technologies also offered a solid development platform, ease of integration, scalability, thesaurus management, integrated taxonomy tools, good technical support and a strategic platform for the firm. "We have been working with knowledge management for over 20 years as an organization, so we know what we need," says Julia Randall-Khan, director of knowledge management at Freshfields Bruckhaus Deringer. "We started with two key requirements - the technology had to have very good taxonomy-building capabilities and it had to be user-friendly because we are using the technology as a tool to enable us to introduce some more efficient working practices and new ways of sharing our know how across the firm. Verity came out a clear leader against these requirements."
Verity will also help to draw together different technologies. "We needed a technology that can bring together our content store platform, our workflow applications and the presentation layer. Verity's products can be integrated into these technologies seamlessly," continued Randall-Khan.
"Freshfields Bruckhaus Deringer has a very specific and informed approach to knowledge management and search was just a small part of its overall criteria," says Simon Atkinson, UK managing director of Verity. "We look forward to working with Freshfields Bruckhaus Deringer to expand the use of Verity as a key business application and partnering with them to continue enhancing the legal firm's knowledge management program."
About Freshfields Bruckhaus Deringer
Freshfields Bruckhaus Deringer was created through the merger of Freshfields and Bruckhaus Westrick Heller Löber on August 1, 2000. Freshfields Bruckhaus Deringer is a leader among international law firms, capable of offering business law advice of the highest quality throughout Europe, Asia and the U.S.
With over 2,400 lawyers in 28 key business centers around the world, the company provides a comprehensive service to national and multinational corporations, financial institutions and governments.
About Verity
Headquartered in Sunnyvale, California, Verity provides software that enables organizations to maximize the return on their intellectual capital investment. The company's intellectual capital management (ICM) solutions provide integrated search, classification, recommendation, monitoring and analytics across the real-time flow of enterprise information, along with question and answer interfaces for effective online self-service. Other Verity ICM solutions capture content and drive automated business processes. Verity technology also serves as a core component of more than 260 applications from leading independent software vendors.
Verity software solutions are used by more than 11,500 customers in the private and public sectors. Customers include American Express, AT&T, Bristol-Myers Squibb, Cap Gemini, Ernst & Young, Cardinal Health, Cisco Systems, EMC Documentum, Dow Jones, Financial Times, Hewlett-Packard, Home Depot, Lotus, Kaiser Permanente, META Group, SAP, Siemens, the State of California, Stellent, Sybase and the U.S. Departments of Energy and Justice.
This press release contains forward-looking statements regarding the benefits that Verity expects Freshfields and its customers will receive from, and how Freshfields will implement, Verity K2E, Verity Collaborative Classifier and Verity Response. These statements are subject to risks and uncertainties, including the risk that: the benefits may not be obtained due to technical or other reasons; and Freshfields may determine not to implement the Verity technologies as Verity currently expects. These and other risks relating to Verity and its business and products are set forth under the caption "Risks Relating to Our Operations" in Verity's Form 10-Q filed with the United States Securities and Exchange Commission on October 8, 2004.
For more information, contact Verity at info@verity.com or at World Wide Web site http://www.verity.com or call 408-541-1500.
Verity and the Verity logo are registered trademarks or trademarks of Verity, Inc.
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