Interwoven Continues Legal Technology Leadership with Over 1,400 Firms and Corporate Legal Departments Worldwide Relying on Interwoven Solutions for Leading Matter-Centric Approach
63% of Am Law 100 Rely on Interwoven Solutions to Drive New Levels of Compliance, Productivity and Client Service; Increased Adoption of Interwoven Records Management, E-Mail Management, and Mobility
NEW YORK, NY - LegalTech 2006 Conference (Booth # 2020) - January 31, 2006 - Interwoven, Inc. (Nasdaq: IWOV), provider of Enterprise Content Management (ECM) solutions for business, today announced that it continues to extend its legal technology leadership with more than 1,400 law firms, corporate legal departments, and other professional services firms worldwide relying on Interwoven's award-winning Engagement/Matter-Centric Collaboration solution to manage the complete client file including e-mails, documents, images, and more. Interwoven solutions for the professional services industry provide firms with a comprehensive approach for the end-to-end management of the client engagement lifecycle including: New Business Intake and Conflicts Management, Document Management (DM), Collaboration, Mobility, E-mail Management, and Records Management (RM). As a result, firms can effectively manage client files-from the time a client is first brought on until the final disposition of client records-within a single, unified environment.
Currently, 63 percent of the Am Law 100 firms (the definitive rankings of the largest American law firms) depend on Interwoven to address their everyday content management needs, an increase from 54 percent a year ago as leading firms continue to switch to Interwoven from competing systems. In fact, in 2005, over 40 firms-representing more than 19,000 seats-switched to Interwoven from competing systems. The growing number of firms that are switching to Interwoven reflect the company's strong reputation as a provider of the industry's most complete, dependable, and high performance content management solutions for the professional services industry.
Solution Innovation Transforms Legal IT
Throughout the past year, Interwoven introduced the following solution innovations to meet growing customer demand for solutions designed to help them achieve end-to-end management of the client file:
New Business Intake and Conflicts Management-Just yesterday, Interwoven announced the introduction of the Interwoven New Business Intake and Conflicts Management products, enabling professional services firms to achieve end-to-end management of client files-from the time a firm establishes first contact with a potential client to the disposition of that client file-within a single solution.
Mobile Document Management-In today's fast-paced environment, lawyers and others in the professional services industry need the ability to access information at any time, from any location. With Interwoven OffSite, Interwoven has become the first and only vendor to provide a truly portable document management offering, enabling lawyers to experience robust document management and e-mail management functionality when disconnected from the network.
Interwoven WorkSite for Microsoft SharePoint-Delivering on its expanded partnership with Microsoft, Interwoven introduced an integration with Microsoft SharePoint-Interwoven WorkSite for SharePoint-which extends the ease-of-use and ubiquity of the Interwoven Engagement/Matter-Centric Collaboration solution by enabling business users in the professional services industry to easily access Interwoven from within the SharePoint Portal Server 2003 environment.
Integrated Records Management-In September, Interwoven introduced the new Interwoven Records Manager 5.0 product, which seamlessly integrates with Interwoven's Engagement/Matter-Centric Collaboration solution. As a result, professional services firms can implement policies driven by regulatory compliance and better manage confidentiality and privacy of client information across both paper and electronic records. Together, the Interwoven Engagement/Matter-Centric Collaboration solution and Records Manager 5.0, provide customers with the industry's most effective offering to manage paper, electronic documents, and e-mails within a comprehensive matter-centric collaboration environment.
As a result of Interwoven's proven technology leadership, over 80 percent of Interwoven's professional services customers have adopted the Interwoven Engagement/Matter-Centric Collaboration solution-which is based on Interwoven WorkSite 8 software-to improve client service, reduce risk, lower costs, and streamline business processes. Also, 127 new firms adopted Interwoven in 2005, a result driven by the company's ongoing ECM solution innovation and deep integration with Microsoft technologies. Corporate legal department customers who adopted Interwoven in 2005 include: PepsiCo; eBay; Mastercard; Wal-Mart.com; Dolby Laboratories; Nissan Europe; PalmSource; NiSource; and many others.
In Europe, Interwoven's industry leadership includes: 3 of the top 5 law firms in The Netherlands; 3 of the top 4 law firms in Spain; 3 of the top 5 law firms in France; and more top UK law firms than any other ECM vendor.
Interwoven Engagement/Matter-Centric Collaboration Solution Drives Improved Client Service
As a result of Interwoven's continued solution innovation, leading law firms worldwide are enhancing client service through the effective use of Interwoven's Engagement/Matter-Centric Collaboration solution, empowering lawyers and staff to more quickly and easily access all relevant client information-from anywhere at anytime. Top firms around the globe that are optimizing client experience by taking advantage of the rich capabilities of the Interwoven solution include: Bond Pearce; DLA Piper Rudnick Gray Cary; Freshfields Bruckhaus Deringer; Hannes Snellman; Hogan & Hartson; Latham & Watkins; Lenczner Slaght Royce Smith Griffin; Mannheimer Swartling; Mayer, Brown, Rowe & Maw; McDermott, Will & Emery; McGuire Woods; Norton Rose; Pillsbury Winthrop; Pinsents Masons; Sidley Austin Brown & Wood; Taylor Wessing; Thomas Eggar; White & Case; Wilmer Cutler Pickering Hale and Dorr; Wilson Sonsini Goodrich & Rosati; Wragge & Co.; and many more.
"We selected Interwoven not only because they are an established leader in the legal technology market, but because their matter-centric collaboration solution will enable us to address the full scope of our needs, making it simple for attorneys to access, share, and collaborate around any type of content, from any location," said Rod Satterwhite, partner, McGuire Woods, an AmLaw 100 firm. "Interwoven will serve as the platform on which to expand our existing knowledge management systems and serve our clients even more effectively."
Additionally, leading law firms outside of the U.S. are realizing improved client service through the use of Interwoven solutions. Said Derek Southall, partner and head of strategic development at Wragge & Co, a leading European-based law firm: "Effective IT systems and products are central to our ability to offer clients the best possible service. Choosing Interwoven's solution fits with this strategy and allows our lawyers to work more efficiently and productively, which adds up to improved client service delivery."
"Interwoven's momentum in the legal market reflects our strong commitment to providing professional services firms and corporate legal departments a dependable, reliable, and high performance solution for the end-to-end management of client-related content, through critical initiatives such as e-mail management, records management, and now new business intake and conflicts management," said Chris Junker, vice president and general manager of professional services solutions sales at Interwoven. "Our focus on reliability and performance, modeling technology after the way professional services users actually work, continually bringing new solution innovations to market, and forging the right partnerships, are the reasons why Interwoven continues to serve as the solution of choice for over 1,400 law firms, professional services firms, and corporate legal departments."
About the Interwoven Engagement/Matter-Centric Collaboration Solution
Based on Interwoven WorkSite 8 software, the Interwoven Engagement/Matter-Centric Collaboration solution enables professional services practitioners, for the first time, to manage client and matter-related content in the electronic world the way they have done for more than 100 years in the physical world. Users can consolidate documents, records, e-mails, billing, contacts, and all other relevant content for any given client or engagement/matter in a single integrated file that is accessible both internally and externally across departments and locations. As a result, Interwoven is providing the industry's most complete solution for professional services firms to manage critical content, enhance client and business relationships, enable efficient collaboration over distance, and improve practitioner and staff utilization.
About Interwoven
Interwoven, Inc. (NASDAQ: IWOV) is a global leader in content management solutions. Interwoven's software and services enable organizations to maximize online business performance and organize, find, and govern business content. Interwoven solutions unlock the value of content by delivering the right content to the right person in the right context at the right time. Over 4,700 of the world's leading companies, professional services firms, and governments have chosen Interwoven, including Airbus, Amnesty International USA, Avaya, BT, Cisco, Citi, Delta Air Lines, DLA Piper, FedEx, Grant Thornton, Hilton Hotels, HKMP LLP, Hong Kong Trade and Development Council, HSBC, LexisNexis, MasterCard, Microsoft, Samsung, Shell, Sky Italia, Qantas Airways, Tesco, Virgin Mobile, and White & Case. A community of over 25,000 developers and over 300 partners enrich and extend Interwoven's offerings. To learn more about Interwoven, please visit www.interwoven.com.
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