The Association of Corporate Counsel (ACC) recognized Wolters Kluwer ELM Solutions and its client, Equitable, as 2022 ACC Value Champions. A financial services and insurance company, Equitable was celebrated for its highly successful implementation of two award-winning ELM Solutions products – legal spend and matter management platform Passport and the AI-powered LegalVIEW BillAnalyzer – as vital components in a larger five-year law department modernization plan.
“It is always a privilege to be recognized by an esteemed organization like the Association for Corporate Counsel, but ELM Solutions is especially humbled to share this most distinguished honor with Equitable,” Barry Ader, vice president of product management and marketing at Wolters Kluwer ELM Solutions, said. “All of our solutions are designed with our clients’ needs top of mind, and it is extraordinarily gratifying to see LegalVIEW BillAnalyzer continue to deliver unparalleled savings in time and cost.”
By leveraging ELM Solutions’ Passport and LegalVIEW BillAnalyzer solutions, Equitable was able to reduce the time spent on matter entry/setup and outside counsel onboarding time by 50%, while also gaining back more than 10,000 manual process hours and a 5% reduction in outside counsel expenses.
“I would like to extend my sincerest gratitude to the Association of Corporate Counsel for recognizing the fruitful partnership between Equitable and Wolters Kluwer ELM Solutions throughout the course of our law department modernization plan and beyond,” Mike Lordi, head of legal operations at Equitable, said. “The strategic implementation of innovative technologies has allowed our legal team to drive new efficiencies and enhance the level of value we bring to our organization.”
