CT TyMetrix Announces New Global Expansion and Enhanced Offerings.London Presence To Serve U.K. Corporate Legal Departments, Claims Organizations And U.K.-Based Client Base New LEDES[TM]-Enabled XML XML in full Extensible Markup Language. Markup language developed to be a simplified and more structural version of SGML. It incorporates features of HTML (e.g., hypertext linking), but is designed to overcome some of HTML's limitations. 2.0 Support to Serve As New Standard to Help Legal and Claims Departments Track Global Legal Spend HARTFORD, Conn. -- Leveraging its 13-year history, unrivaled industry leadership and unmatched global experience, CT TyMetrix, part of Wolters Kluwer Wolters Kluwer N.V. (Euronext: WKL) is a leading global information services and publishing company. The company provides products and services for professionals in the health, tax, accounting, corporate, financial services, legal and regulatory, and education sectors. Corporate Legal Services legal services n. the work performed by a lawyer for a client. , is adding to its complete global platform offerings to help customers reduce legal costs, gain insight into management strategies and improve outcomes. Today the company has announced the opening of a London-based office and initiatives to further serve U.K. corporate legal departments, claims organizations and U.K. customers. The company also announced the availability of Legal Electronic Data Exchange Standard The Legal Electronic Data Exchange Standard is a set of two file format specifications intended to standardize bill/invoice data transmitted electronically ("e-billed") from a law firm to a corporate client. It is abbreviated LEDES, and usually pronounced as "leeds". [TM] (LEDES)-Enabled XML 2.0 support to its CT TyMetrix 360[deg] suite of Web-based tools for end-to-end e-billing, matter management and performance metrics Performance metrics are measures of an organizations activities and performance. Performance metrics should support a range of stakeholder needs from customers, shareholders to employees [1]. . CT TyMetrix will further demonstrate its dedication to addressing the challenges of managing outside counsel legal spend on a global scale through the opening of a London-based office, further strengthening the company's well-established presence in Europe. The opening of the U.K. office adds additional depth to the over 8,700 Wolters Kluwer employees based in Eastern and Western Europe Western Europe The countries of western Europe, especially those that are allied with the United States and Canada in the North Atlantic Treaty Organization (established 1949 and usually known as NATO). . Other U.K.-based initiatives include the launch of a U.K. microsite that will provide information on CT TyMetrix, system features, events and news, a U.K.-based seminar series and sponsorship of the Legal Week Corporate Counsel Forum in Brussels, Belgium. "With more and more companies operating without borders A number of NGOs have adopted the "Without Borders" tag, inspired by Doctors without Borders.
Process by which the experience of everyday life, marked by the diffusion of commodities and ideas, is becoming standardized around the world. Factors that have contributed to globalization include increasingly sophisticated communications and transportation ," said Gene Landoe, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of CT and Wolters Kluwer Corporate Legal Services. "Our decision to open a London office was driven by the need to provide more responsive services to our global customers, and dovetails beautifully with the offering of LEDES-Enabled XML 2.0 support for CT TyMetrix 360[deg]." Part of the London office's responsibilities will include hosting ongoing seminars in the U.K. to highlight the benefits of using e-billing and matter management technology to reduce and report on legal costs, gauge success of management strategies and improve outcomes. In addition, CT TyMetrix clients served as featured speakers at the Legal Week Corporate Counsel Forum in Brussels, Belgium. Law department leaders from CT TyMetrix clients Convex, Credit Suisse The Credit Suisse Group (SWX:CSGN, NYSE: CS) is a financial services company, headquartered in Zürich, Switzerland. It is the second-largest Swiss bank, behind UBS AG. and Morgan Stanley  To comply with Wikipedia's , the introduction of this article needs a complete rewrite. joined a faculty of leading general counsel to examine solutions
to the challenges faced by in-house counsel on a global level. CT
TyMetrix was a proud sponsor of this event.
The new office, is located at 250 Waterloo Road, London For other roads and things named Waterloo Road, see Waterloo Road. Waterloo Road is a road straddling Lambeth and Southwark, London, SE1. It runs between Westminster Bridge Road close to St George's Circus at the south-east end and Waterloo Bridge across the River Thames SE1 8RD, telephone 0800 954 9725. For more information, visit the U.K. microsite at www.cttymetrix.co.uk. LEDES[TM]-Enabled XML 2.0 Support Available for CT TyMetrix 360[deg] According to the LEDES Oversight Globalization Sub-Committee, the LEDES file formats are "intended to serve as a standard file format to be used in the legal industry for the electronic exchange of information." With the addition of LEDES-Enabled XML 2.0, CT TyMetrix is poised to help corporate legal and insurance claims departments better handle their globally-dispersed operations and law firm relationships. Taxes on legal services--Indirect taxes--are common outside of the Unites States. This latest XML-based LEDES standard will make it easier for legal and claims departments to track and analyze their global legal spend. CT TyMetrix 360[deg] gives customers the only way to support a truly global operation; accepting invoices in virtually any currency and allowing users to act on those invoices in either the native or user preferred currency. Users can easily toggle To alternate back and forth between two states. toggle - To change a bit from whatever state it is in to the other state; to change from 1 to 0 or from 0 to 1. This comes from "toggle switches", such as standard light switches, though the word "toggle" actually refers to between their local currency or the invoice native currency during review, providing the flexibility to allow a law firm to submit an invoice in Yen, for example, and the invoice recipient to review it either in Yen or a preferred currency, such as Pounds. With today's announcement, the CT TyMetrix 360[deg] platform can better address both client and vendor needs to comply with local tax laws. The incorporation of the LEDES XML 2.0 standard into CT TyMetrix 360[deg] will allow law firms to submit invoices in three different methods: secure Web, email and manual. Keith Brown, director of product management at CT TyMetrix and chair of the LEDES Oversight Globalization Sub-Committee notes, "We've also included client-configurable tax rules in our invoice testing rules engine that scrutinize invoices based on tax-centric criteria. These rules are as important to our globalization effort as is the adoption of the XML 2.0 standard, allowing clients and law firms to comply with local tax regulations. CT TyMetrix's inclusion of XML 2.0 will allow corporate legal and claims professionals, as well as law firms to be in compliance with local audit procedures." "Business globalization is no longer something to prepare for in the future--it's here now," said John Weber, general manager of CT TyMetrix. "Our customers need seamless technologies and tools to help them operate in their global environments. Our solutions are leading the way in addressing these new challenges: We released our global currency capabilities earlier this year, were chosen to provide a wholly integrated e-billing and matter management solution for European-based British Petroleum, and with today's announcement are now well positioned to enter 2007 offering our customers numerous opportunities to handle their increasingly global needs." CT TyMetrix is actively engaged in improving the standards that govern the industry. In addition to Brown, CT TyMetrix has several employees in various LEDES committees and sub-committees, and also is a member of the Association for Corporate Counsel (ACC See adaptive cruise control. ). The company is also participating in several European legal roundtables. About CT TyMetrix CT TyMetrix, a Wolters Kluwer business, is the market leader in Web-based management solutions, including e-billing, matter management and performance metrics, for corporate law departments and claims organizations. For more information, please visit www.cttymetrix.co.uk. About Wolters Kluwer Wolters Kluwer is a leading global information services See Information Systems. and publishing company. The company provides products and services for professionals in the health, tax, accounting, corporate, financial services, legal and regulatory sectors. Wolters Kluwer has 2006 annual revenues of EU3.7 billion, employs approximately 19,900 people worldwide and maintains operations across Europe, North America, and Asia Pacific. Wolters Kluwer is headquartered in Amsterdam, the Netherlands. Its shares are quoted on the Euronext Amsterdam (WKL WKL Wirtualna Kawiarenka Lubin ) and are included in the AEX AEX See: Amsterdam Exchange and Euronext 100 indices. For more information, visit www.wolterskluwer.com. |
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