Hummingbird Raises the Bar for Proactive Compliance with Release of LegalKEY(R) Interactive Conflicts Resolution(TM)
21 Agosto 2006 - 11:15AM
PR Newswire (US)
New dynamic report review capabilities designed to improve law firm
compliance and capture audit trail of conflicts resolution process
TORONTO, ON, and ILTA '06, ORLANDO, FL, Aug. 21
/PRNewswire-FirstCall/ -- Hummingbird Ltd.
(NASDAQ:HUMCNASDAQ:TSX:NASDAQ:HUM), a leading global provider of
integrated enterprise content management (ECM) and network
connectivity solutions today announced the release of LegalKEY(R)
Interactive Conflicts Resolution(TM), a Web-based system that
enables law firms to collaboratively review and resolve conflicts
before bringing in new business. LegalKEY Interactive Conflicts
Resolution works in conjunction with LegalKEY Conflicts
Management(TM), which provides thorough conflict of interest
searches against internal and external (e.g. OFAC/SDN) source for
optimal firm protection. LegalKEY Interactive Conflicts Resolution
was designed to help attorneys resolve conflicts quickly,
interactively and thoroughly. After a conflicts search is
initiated, users can review "hit" reports online and
collaboratively work with each other to resolve conflicts. With
firm-defined fields and easy-to-navigate views, these dynamic
reports streamline the conflicts resolution process significantly
and improve the turn-around time for beginning billable work.
Further, risk management features capture the entire user thread
involved in resolving each hit and automatically declare the entire
conflict resolution related to each client/matter as a record in
the matter file once approved. "We understand the challenges law
firms face in balancing the need to begin billable work with risk
mitigation. Interactive Conflicts Resolution not only streamlines
the conflicts review process, but also provides a complete audit
trail and record of the resolution process," said Yuri Frayman,
Vice President, Legal Business Solutions, Hummingbird Ltd. "It is
yet another advancement in our continuing commitment to provide our
law firm customers with leading edge proactive compliance
capabilities." LegalKEY Interactive Conflicts Resolution is part of
Hummingbird Enterprise(TM) for Legal, which includes New Business
Intake(TM), Conflicts Management, Document Management, Records
Management and Critical Dates Management(TM) systems developed
specifically for law firms. Hummingbird is showcasing LegalKEY
Interactive Conflicts Resolution during the International Legal
Technology Association (ILTA)'s annual conference, held August
21-24 at the Grande Lakes Resort, Orlando, Fla. About Hummingbird
Enterprise(TM) for Legal Hummingbird Enterprise for Legal, with
LegalKEY(R) practice support solutions, provides an end-to-end
proactive compliance framework to ensure that information is
properly captured, reviewed, utilized and stored throughout the
lifecycle of a matter -- from initial client/matter intake through
to final disposition. Hummingbird Enterprise for Legal includes:
New Business Intake, Conflicts Management, Document Management,
Records Management and Critical Dates Management systems, all
tailored specifically to the way that information flows and is used
in law firms. More than 65% of the AMLAW 100, and nine of the top
10 global law firms use Hummingbird. For more information, visit
http://www.hummingbird.com/legal. About Hummingbird Hummingbird
Ltd. (NASDAQ:HUMCNASDAQ:TSX:NASDAQ:HUM) is a leading global
provider of enterprise software solutions. The Company's enterprise
software solutions fall into two principal categories: enterprise
content management (ECM) solutions, and network connectivity
solutions. Hummingbird's ECM solutions enable organizations to
manage the lifecycle of enterprise content from creation to
disposition, thereby enabling organizations to address critical
business needs, such as information management, business
continuity, compliance and risk mitigation. The network
connectivity solutions provide a comprehensive set of core network
technologies that enables the enterprise to connect to any type of
legacy system. Founded in 1984, Hummingbird employs over 1,400
people and serves more than 33,000 customers, including 90% of
Fortune 100. Hummingbird solutions are sold directly from 40
offices worldwide and through an Alliance Network of partners and
resellers. For more information, visit http://www.hummingbird.com/.
Forward-looking statements in this press release, including
statements relating to the Company's capital structure, future
sales growth, profitability, competitive position and release of
new products are made pursuant to the safe harbor provisions of the
United States Private Securities Litigation Reform Act of 1995.
Forward-looking statements are based on assumptions made by and
information currently available to the Company. Investors are
cautioned that these forward-looking statements are subject to
risks and uncertainties that may cause future results to differ
materially from those expected. Such risks include, but are not
limited to: the Company's ability to secure underwriting support
and attract investors to its stock; the Company's ability to
introduce new products in a timely manner and its ability to
generate demand for, and gain market acceptance of those products
in an intensely competitive marketplace, where many of its
competitors have substantially greater resources than the Company;
the Company's ability to maintain revenue growth at current levels
or anticipate a decline in revenue from any of its products; the
Company's ability to reduce its costs to the extent required to
maintain profitability should revenue decline; the Company's
ability to hire, train, and retain highly qualified personnel; the
Company's reliance on third party distribution channels as part of
its sales and marketing strategy; and other risks detailed in the
Company's various securities filings with the Securities and
Exchange Commission and Canadian securities regulators.
Forward-looking statements are based on management's current plans,
estimates, opinions and projections, and the Company assumes no
obligation to update forward-looking statements if assumptions
related to these plans, estimates, opinions and projections should
change. DATASOURCE: Hummingbird Ltd. CONTACT: Dan Coombes,
Director, Investor Relations, Hummingbird Ltd., Tel: (416) 496-2200
ext. 6359, ; Michele Stevenson, Senior Manager, Corporate
Communications, Hummingbird Ltd., Tel: (416) 496-2200 ext. 2623,
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