Litigation Partner Introduces Process Efficiencies, Cost Containment Disciplines That Significantly Reduce Corporate Legal Costs New Web Tool Gives Control of Litigation Costs Back to Corporate Counsels and Provides Top Management With Transparent, Predictable Cost Projections PR Newswire DETROIT, June 5, 2013 DETROIT, June 5, 2013 /PRNewswire/ -- TVM Solutions announces the launch of Litigation Partner™, a budget management system that assists corporations in controlling and reducing their cost of litigation. This cloud-based budgeting, invoicing and data analysis software combines advanced process management methods with state-of-the-art web technology to provide a precise framework for understanding the costs associated with engaging outside counsel throughout the litigation process. Developed over more than a decade, Litigation Partner is grounded in a thorough understanding of how law is practiced and the ways in which costs can be incurred. (Photo: http://photos.prnewswire.com/prnh/20130605/DE27148) Michael Derry, CEO of TVM Solutions, described the importance of Litigation Partner and its impact on relationships between in-house legal departments and outside counsel: "Large corporations spend millions of dollars in legal fees, and executives reluctantly accept these payouts as a burdensome but necessary cost of doing business. Despite these sizeable expenditures on litigation, companies have not had a tool for understanding exactly how their money is spent or what they are paying for. Litigation Partner imposes that discipline. Our software assigns a dollar amount to every single task performed by outside counsel during litigation, automatically matching value with work." To test the validity of the concept, TVM Solutions has worked with PulteGroup Inc., the $4.8-billion homebuilder, since 2010. Pulte ran a number of settled legal cases through the Litigation Partner system. Ellen Padesky Maturen, associate general counsel for Pulte, oversaw the process and summarized the result: "We were looking for inefficiencies and analyzing costs. What we found was a real eye-opener." Ellen went on to talk about how Litigation Partner will change corporate litigation. "This is a different way of looking at handling a case. It's a whole new way to think about value and efficiency for us. It's the wave of the future, because the typical hourly rate structure charged by outside counsel just doesn't make sense to us anymore. They have to embrace it 100%. It's a freight train coming straight at them." Litigation Partner brings cost predictability to the litigation process. Case managers can now provide the CFO, general counsel and their law firms with the precise cost of litigation at the beginning of the process. Moreover, the ability to create financial models for a variety of case strategies enhances early case assessment. Derry also emphasizes that the transparency and objectivity of Litigation Partner-enabled collaboration can strengthen relationships between in-house corporate counsel and their outside legal firms. "The system works to eliminate uncertainty and waste by assigning specific values to each individual task to be performed. That opens up the discussion, ensuring that all constituents understand what's expected and the associated rates." He goes on to describe Litigation Partner as an end-to-end system that facilitates every aspect of corporate litigation oversight. "Our patented system is the only product available that links a detailed definition of scope of work to precise budgeting and control of every cost variable. The authorized budget transforms directly into the invoicing system which, in turn, launches data collection, business analyses and continuous improvement. The fact that Litigation Partner works in real-time is a powerful advantage," Mr. Derry concluded. "Frankly, this changes everything. Now, our clients are always on top of their legal expenditures, which is an essential factor in helping them control costs." For more information about Litigation Partner or other services, visit www.tvmsolutions.com. About TVM Solutions TVM Solutions is a team of award-winning legal, process management and information technology experts. Founded in 2004, TVM Solutions is headquartered in Detroit. SOURCE TVM Solutions Website: http://www.tvmsolutions.com Contact: TVM Solutions contact: Michael Derry One Woodward Avenue, Suite 2400, Detroit, Michigan 48226, 313.965.6604, email@example.com; or For interview requests or other information, contact, Jim Meloche, The Marketing Collaborative, LLC, 248.376.4076, Jim@themarketingcollaborative.net
Litigation Partner Introduces Process Efficiencies, Cost Containment Disciplines That Significantly Reduce Corporate Legal
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