Wolters Kluwer forms another strategic alliance.Two months after 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. International Health & Science formed a strategic partnership with Charles Henderson's NewsRx ("As far as I am aware, we are the only nonWolters Kluwer publisher that has a partnership," Henderson said at the time), Wolters Kluwer North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. announced a strategic alliance with eLawForum in the U.S. and Europe. Under the agreement, WK has taken a substantial equity position in eLawForum, the market leader in private exchanges for corporate legal services legal services n. the work performed by a lawyer for a client. . eLawForum has a user-friendly method of lowering legal costs, enabling corporations to retain outside counsel through a web-based, competitive bidding Competitive bidding A securities offering process in which securities firms submit competing bids to the issuer for the securities the issuer wishes to sell. competitive bidding 1. process. Corporate law departments post on eLawForum's private auction web site confidential requests for proposals and invite law firms to respond. The selected law firms compete on the basis of track record, quality and price. The strategic alliance will allow eLawForum to penetrate more segments of the professional market. "Wolters Kluwer companies--in the U.S., Europe, Canada, Australia and Asia--interact with more than a million legal professionals and these relationships can provide new opportunities for both eLawForum and Wolters Kluwer," said Hugh Yarrington, member of the executive board of Wolters Kluwer nv responsible for North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. legal, tax and business law activities. John B. Henry II, chairman 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 eLawForum, added, "eLawForum's innovative service is meeting a huge demand today in the $500 billion legal services market. Wolters Kluwer has successfully served the professional legal market for more than a century. The alliance will allow us to meet more rapidly the global needs of corporations to bring greater efficiency to their relationships with outside counsel." WoltersKluwer North America, 312-425-7014, www.wk-us.com. eLaw Forum, 202-466-0520, www.elawforum.com. |
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