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iManage ConflictsManager
Conflicts management applies IDOLs search technology to manage risk at the beginning of a legal matter
- Meaning Based Computing forms a conceptual and contextual understanding of the data across different sources
- Automatically extracts people and company names from unstructured data
- Clustered search results dynamically groups result sets by concept
- Faceted navigation and automatic taxonomy generation narrow search results or focus the search
Market Challenges:
Law firms must screen for conflicts of interest while onboarding new clients and new attorneys. They must protect the interests of existing clients and comply with professional and ethical responsibility rules. The rise of mergers and acquisitions, globalization and the increase in lateral hires within the legal industry has made screening increasingly complex and challenging.
"The increasing complexity of ethical and business conflicts resolution and the ever-growing volume of source data require information to be presented in context, with the most relevant content distinguished in an intuitive interface."
Meg Block, managing director at Hildebrandt Baker Robbins
iManage ConflictsManager streamlines processes to minimize risk.
Autonomy offers the iManage ConflictsManager, an innovative solution that enables law firms to streamline the management of their conflicts of interest process.
Legacy approaches use traditional keyword searches that are limited to a finite number of data sources and are laden with manual processes. Autonomy's iManage ConflictsManager is the first solution to automate time-consuming steps in the vetting procedure, minimizing the risk associated with this process.
iManage ConflictsManager is powered by Autonomy's Intelligent Data Operating Layer (IDOL), which identifies patterns in data and automatically acts on that knowledge to mitigate risk and accelerate the overall conflict screening process.
IDOL's unique ability to understand, analyze and act on the meaning of information in any file format or language sets iManage ConflictsManager apart. It allows global law firms that conduct business around the world to understand the inter-relationships of their data when conducting new client vetting procedures. No longer are they hampered by distance or language.
"Now with iManage ConflictsManager, our more than 1,500 law firm customers can further streamline their business process by quickly and accurately identifying whether there is any conflicts of interest in their new client vetting procedures."
Neil Araujo, CEO of Autonomy iManage
Advanced Capabilities:
The solution also offers the following advanced capabilities:
- Fast, comprehensive and real-time search, using IDOL's core information processing engine
- Conceptual understanding - applies Autonomy's Meaning Based Computing approach to transform the conflicts detection process
- Flexible conflicts database to maintain historical party and client information
- Web-based reporting interface - improves quick elimination of false hits and online annotation and routing of potential conflicts
- Lateral Hire Module - faster processing of on-boarding attorneys' conflict metadata
- Integration with iManage WorkSite to audit Engagement Letter and Waiver Letters
- Seamless integration with iManage WorkSite, iManage RecordsManager and iManage Workflow Manager- provides a comprehensive, end-to-end legal risk management solution
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