FTI Consulting partners with iManage to enhance legal operations through cloud-based solutions and knowledge management expertise.
Quiver AI Summary
FTI Consulting, Inc. has announced a new teaming agreement with iManage to enhance its Technology segment, specifically within its Corporate Legal Operations practice. This partnership aims to provide clients with tailored, cloud-based solutions for managing legal knowledge and automating processes, addressing the growing demand for technology in legal departments. As legal teams seek to improve efficiency and strategic effectiveness, the alliance combines FTI's extensive legal operations expertise with iManage's advanced knowledge management platform, facilitating better collaboration and productivity enhancements for legal professionals. Both companies are committed to helping legal departments align their functions with business goals through innovative technology solutions.
Potential Positives
- FTI Consulting's Technology segment has entered into a strategic teaming agreement with iManage, enhancing its Corporate Legal Operations practice.
- This alliance aims to provide cloud-based solutions, addressing the increasing demand for automation and knowledge management in legal departments.
- The collaboration is expected to bolster operational efficiency and strategic effectiveness for legal teams, supporting their technology adoption and implementation processes.
- FTI Technology's expertise in legal operations combined with iManage's knowledge work platform positions the company favorably in the evolving legal tech landscape.
Potential Negatives
- Dependence on external partnerships, such as the one with iManage, may raise concerns about FTI Technology's ability to independently deliver solutions for legal department challenges.
- The emphasis on technology adoption and digital transformation suggests that FTI Technology might be facing pressure from clients to modernize and improve their service offerings, indicating potential gaps in their current capabilities.
- Highlighting collaborators suggests that FTI Technology's brand may not be sufficiently recognized on its own in the technology space, potentially undermining confidence in its standalone offerings.
FAQ
What is the purpose of the FTI and iManage alliance?
The alliance aims to enhance cloud-based solutions for legal departments and law firms, improving knowledge management and automation.
How will this partnership benefit legal departments?
Legal departments can expect increased operational efficiency, improved document management, and enhanced collaboration through the integration of advanced technology.
What does FTI Technology bring to the collaboration?
FTI Technology offers extensive expertise in digital transformation and legal operations, helping clients assess and implement tailored technology solutions.
Who is iManage and what do they provide?
iManage is a company focused on optimizing legal knowledge work, offering secure platforms for efficient management of high-value legal content.
What are the main areas of focus for this partnership?
The partnership focuses on contract lifecycle management, document management, legal process automation, AI adoption, and technology enablement for clients.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$FCN Insider Trading Activity
$FCN insiders have traded $FCN stock on the open market 1 times in the past 6 months. Of those trades, 0 have been purchases and 1 have been sales.
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Full Release
WASHINGTON, Feb. 03, 2025 (GLOBE NEWSWIRE) -- FTI Consulting, Inc. (NYSE: FCN) today announced that the firm’s Technology segment has entered into a teaming agreement with iManage , the company “dedicated to Making Knowledge Work™”. This alliance will support FTI Technology’s Corporate Legal Operations practice in providing clients with cloud-based, fit-for-purpose solutions to solve legal department and law firm knowledge work-related challenges.
“The majority of legal departments anticipate an increase in their use of technology platforms that support automation and knowledge management for their organizations,” said Mike Ferrara , a Managing Director at FTI Technology. “As clients look to capitalize on their existing investments in document management or unlock new opportunities through artificial intelligence capabilities, our global team brings expertise and collaboration with iManage to support technology assessment, road mapping, implementation, adoption and more.”
Serving large, global enterprises and law firms, iManage enables legal teams to manage high-value legal content more efficiently and securely, while empowering counsel to collaborate and meet complex document management demands across their organization. Through this alliance, FTI Technology will help clients implement knowledge management and collaboration workflows and systems that enhance productivity, deliver insight and improve efficiency for counsel.
“FTI Technology’s extensive legal operations expertise, combined with iManage’s function-rich knowledge work platform, will help legal teams significantly improve their operational efficiency and strategic effectiveness,” said Dan Dosen, Executive Vice President, Channel & Alliances, at iManage. “We look forward to collaborating with FTI Technology in the legal sector.”
Wafik Guirgis , a Senior Managing Director and global Co-Leader of FTI Technology’s Corporate Legal Operations practice, added, “Legal department leaders and legal operations professionals are highly focused on aligning their function to business goals and leveraging technology in ways that add strategic value. Our team includes many experts in legal department digital transformation and the legal technology ecosystem at large, and we leverage this expertise to forge strategic alliances with technology providers that are well positioned to meet the needs of our clients globally, across contract lifecycle management, document management, legal process automation, artificial intelligence adoption and technology enablement.”
More information about FTI Technology’s Corporate Legal Operations offerings is available here .
About FTI Consulting
FTI Consulting, Inc. is a global business advisory firm dedicated to helping organizations manage change, mitigate risk and resolve disputes: financial, legal, operational, political & regulatory, reputational and transactional. With more than 8,300 employees located in 34 countries and territories, FTI Consulting professionals work closely with clients to anticipate, illuminate and overcome complex business challenges and make the most of opportunities. The Company generated $3.49 billion in revenues during fiscal year 2023. In certain jurisdictions, FTI Consulting’s services are provided through distinct legal entities that are separately capitalized and independently managed. More information can be found at
www.fticonsulting.com
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FTI Consulting, Inc.
555 12
th
Street NW
Washington, DC 20004
+1.202.312.9100
Investor Contact:
Mollie Hawkes
+1.617.747.1791
[email protected]
Media Contact:
Ashley Allman
+1.206.369.5209
[email protected]
