Thomson West Introduces New Strategic Intelligence Tool for the Corporate Legal Department
EAGAN, Minn., 04/25/2006, For corporate counsel, every day is filled with questions: What type of litigation is the competition engaged in? What areas of litigation are growing in our industry? What law firms have expertise in these areas? Companies depend on general counsel for answers to questions like these to help guide their organizations. Counsel Monitor, a new strategic intelligence solution from Thomson West, equips corporate legal departments with critical information to explain the business implications of legal trends. Thomson West is a business within the Thomson Corporation (NYSE: TOC; TSX: TOC).
Counsel Monitor provides quick, comprehensive information for faster, smarter decisions. With integrated Westlaw® and Thomson Financial resources, professionals can discover legal activity and trends by company, industry and law firm. In minutes, comprehensive reports can be created that highlight areas of opportunity or possible risk.
“Guidance from corporate counsel is crucial to directing sound business decisions of any corporation – both large and small,” said Tim Wahlberg, vice president of Corporate Strategic Marketing for Thomson West. “Critical legal and market information from reliable resources at Thomson places corporate legal departments at the center of business strategy.”
In-depth and on-target
Counsel Monitor aggregates case law and dockets from Westlaw, and allows the user to execute sophisticated data analytics of this information with a few simple clicks of the mouse. Through Counsel Monitor, corporate counsel can spot litigation trends, monitor competitor representation and benchmark within an industry. To add further insight to overall business strategy, Counsel Monitor also provides an overview of the latest news, current legal activity, deals and other events from Thomson Financial, Gale and numerous third-party providers.
Counsel Monitor also shows which law firms and attorneys represent specific companies, and distribution of cases among state and federal courts. To aid in the selection and management of outside counsel, law firms and individual attorneys can be reviewed for relevant and successful experience in key areas of litigation.
Additionally, corporate counsel can show how the guidance and actions of the legal department influence the company’s success with Counsel Monitor reports. Litigation profiles can provide benchmarks for activity within the industry or in contrast to key competitors. Information can also be formatted to show vitals on a potential vendor or to provide a thorough analysis of legal, news and market details for prospective business partners.
More information on Counsel Monitor is available at www.counselmonitor.com.
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