HARTFORD, CT--(Nov 2, 2011) - TyMetrix, the global leader in intelligent solutions to better manage the business of law, today announced that it has been ranked as an Advanced Solutions provider for the second year in a row in the Hyperion Research "MarketView™ Report: e-Billing and Matter Management Solutions for Corporations." The report cites TyMetrix as both a Market Leader and Industry Innovator, noting its market-differentiating offerings and industry vision. TyMetrix is a part of Wolters Kluwer Corporate Legal Services.
In Hyperion Research's second annual report, TyMetrix, its flagship legal operations platform, TyMetrix 360° and its Legal Analytics solutions were evaluated as an "Advanced Solutions" vendor. According to the report, "An Advanced Solution vendor demonstrates strength in both product functionality and overall solution capabilities... has a strong record of client satisfaction and market share... has a highly regarded management team and organization; and has demonstrated financial stability." Based on Hyperion Research's proprietary VendorView™ Evaluation process, the report highlighted a number of areas of strength for TyMetrix:
- Market Driver for Advanced Legal Analytics: TyMetrix has pioneered the use of data to better manage the business of law -- helping both law firms and in-house legal departments gain better insight into their practices to make smarter business decisions. The report states, "TyMetrix has also taken a leadership role in the emerging area of 'big data' analytics in the legal industry with its Rate Analyzer™, Intelligence on Demand™ and TyMetrix Data Solutions business unit."
- Expanding Global Presence: With users in more than 149 countries, TyMetrix has a well-established and growing international presence and the TyMetrix 360° platform is designed to support clients' ever-changing global requirements. According to the report, "TyMetrix has made significant investment in supporting European and international practices, including comprehensive support for VAT compliance, multi-currency and other financial requirements that meet the latest EU directives on electronic invoicing."
- Leader for Collaborative, Flexible Technology and Workflow Automation: TyMetrix has long been the leading voice in the industry promoting collaborative, mutually beneficial relationships between corporations and law firms. Its flexible, configurable, SaaS-based TyMetrix 360° platform is designed to meet the unique and ever-changing needs of organizations of any size, helping them to work more efficiently with their partners across the legal industry. The report says, "The TyMetrix 360° solution approach lends itself well to large departments requiring more sophistication and flexibility, as well as small-to-medium sized organizations looking for ease of use and deployment."
"The Hyperion Research report has continued to be one of the most comprehensive, objective looks at the evolving e-Billing and matter management space and we are proud to be recognized as a leader and industry innovator for the second year in a row," said John Weber, general manager, TyMetrix. "TyMetrix continues to be a pioneer in managing the business of law with the next generation in intelligent solutions. The unique combination of our leading technology platform and the unparalleled assets in our Legal Analytics business is paving the way for legal professionals to make better, more informed decisions in managing matters, resources, expenses and outcomes."
The complete "MarketView™ Report: e-Billing and Matter Management Solutions for Corporations" is available at:http://www.hgpresearch.com/ebil/ebil_mv_summaryreport
TyMetrix is the market leader in Web-based legal performance management solutions for corporate law departments, law firms and claims organizations. It provides clients with quality legal management software -- including e-Billing, matter management and performance metrics -- and the expertise required to reduce costs, improve results and gain the insight required to meet their strategic objectives. TyMetrix is based in Hartford, Conn., with business operations in Chicago and London. For more information, please visit www.tymetrix.com.
About Wolters Kluwer Corporate Legal Services
Wolters Kluwer Corporate Legal Services is a business of Wolters Kluwer, a market-leading global information services company with annual revenues (2010) of EUR 3.6 billion and approximately 19,000 people across Europe, North America, Asia Pacific and Latin America. Wolters Kluwer is headquartered in Alphen aan den Rijn, the Netherlands. Visit www.wolterskluwer.com.