LexisNexis CounselLink Recognized in Hyperion Research Report as a Leading ELM Solution

Global News

08
Jul
2021

Editor

Hyperion Research, the legal industry’s premier source of independent market research and advisory services, has recognized LexisNexis^® CounselLink^® as an Enterprise Legal Management Advanced Solution in its newly released MarketView™ Report, which incorporates more than 500 hours of industry benchmarking, interviews, client references, and vendor briefings.

The Advanced Solution designation is only awarded to vendors who demonstrate significant strength in both product functionality and overall solution capabilities. 

“Legal Operations teams today are keenly focused on delivering high quality service and effective collaboration to their business partners,” said Eyal Iffergan, President of Hyperion Research.  “LexisNexis and the CounselLink team are just as ardent in their drive to deliver the tools, innovation, and capabilities their clients need to achieve operational performance excellence.”

The Hyperion report also awards Market Leader designations for specific capabilities that are highly differentiated in the market and recognizes Highly Innovative capabilities that are significantly novel in the market. In Hyperion’s assessment of CounselLink, the report notes several capabilities that merit these distinctions:

• Market Leading: Invoice Compliance Automation: CounselLink provides a unique combination of software and services to ensure 100% compliance, including the sophisticated SmartReview invoice review tool that delivers actionable intelligence significantly beyond task coding.
• Market Leading: Platform Maturity: As one of the first vendors to embrace SaaS for enterprise legal management software, CounselLink delivers a unique value proposition with ever-evolving tools, capabilities, and partnerships.
• Highly Innovative: Performance Metrics: Value-driven matter scorecards improve portfolio awareness and integrate into everyday processes to support informed decision-making.
• Highly Innovative: Law Firm Payments: The CounselLink FastTrack invoice payment service uniquely enables law firms to improve cash flow while simplifying and streamlining payables processes.

“We are honored to again be recognized by Hyperion as a Market Leader, which is further validation of the value legal departments receive through our comprehensive legal management platform,” said Aaron Pierce, General Manager of CounselLink. “Now more than ever, controlling costs is a top priority for legal departments. The CounselLink team is acutely aware of the challenges today’s general counsel face and we continue to develop new features and solutions with that in mind.”

Hyperion Research’s MarketView report provides a comprehensive review of the broad market for Enterprise Legal Management technologies. The report provides a guidebook for ELM system evaluation, including market trends and dynamics, key components expected from leading solutions, an overview of vendors in the solution area, and guiding principles for selecting and implementing solutions. To read the full review of CounselLink, download the VendorView evaluation. The full MarketView report is available for download on the Hyperion Research website.