Company: Wolters Kluwer Legal & Regulatory U.S., New York City, NY
Nomination Submitted by: Marino PR
Company Description: Wolters Kluwer is a global provider of professional information, software solutions, and services for clinicians, accountants, lawyers, and tax, finance, audit, risk, compliance, and regulatory sectors.
Nomination Category: New Product & Service Categories - Business Technology
Nomination Sub Category: Work Management Platform
 Nomination Title: Wolters Kluwer’s Legisway
- Which will you submit for your nomination in this category, a video of up to five (5) minutes in length about the nominated new or new-version product or service, OR written answers to the questions for this category? (Choose one):
Written answers to the questions
- If you are submitting a video of up to five (5) minutes in length, provide the URL of the nominated video here, OR attach it to your entry via the "Add Attachments, Videos, or Links to This Entry" link above, through which you may also upload a copy of your video.
N/A
- If you are providing written answers for your submission, you must provide an answer to this first question: If this is a brand-new product, state the date on which it was released. If this is a new version of an existing product, state the date on which the update was released:
September 12, 2022
- If you are providing written answers for your submission, you must provide an answer to this second question: Describe the features, functions, and benefits of the nominated product or service (up to 350 words):
Total 350 words used.
Legisway provides customers with a workflow-based platform that meets key needs for corporate legal professionals, offering powerful reporting, insights, and analytics to support decision making and deliver better outcomes. Legisway offers true flexible enterprise legal management that can be customized with an industry focus, helping the corporate legal department (CLD) collaborate with the business and minimize risk.
Legisway’s collaborative workspace, including in-app chat messaging and a self-service portal, allows legal professionals to manage all records, analytics, and workflows of a legal department in one platform with flexible offerings for a wide range of legal activities.
Legisway is offered in multiple packages and functional combinations, and customers can choose what to buy and scale over time: every module can be bought separately, while keeping one vendor (with local operations) and one platform. This prevents the complexity, effort, and costs typical of enterprise solutions and the inefficiency typical of point solutions requiring integration and alignment.
Every subscription includes entity management, contract lifecycle management (CLM), plus customer-defined additional modules and features. For example, Legisway for a technology company may include IP rights management for collaborating with outside counsel and tracking patent maintenance fees and filings, while Legisway for a bank could include configuration to track special contract clauses required for compliance with OCC regulations.
Legisway offers AI-powered CLM that enables document creation, editing, and version control, as well as self-service templates and a legal ticketing system. By utilizing the workflow automation, CLDs can monitor the status of legal activities, assign tasks, and set alerts to meet evolving requests. For example, the legal department can use custom templated workflows to automate contract business processes, coordinate with their business partners, and ensure compliance with company best practices and approvals. A full log of the workflow process and approvals becomes an official part of the contract record in Legisway.
Outside of CLM, users can leverage a range of modules to manage legal entities and corporate governance, IP rights, legal claims, outside counsel spend, and more. Legisway enables flexibility to create and manage custom reports, operationalize business processes and create automated alerts on key milestones, and more.
- If you are providing written answers for your submission, you must provide an answer to this third question: Outline the market performance, critical reception, and customer satisfaction with the product or service to date. State monetary or unit sales figures to date, if possible, and how they compare to expectations or past performance. Provide links to laudatory product or service reviews. Include some customer testimonials, if applicable (up to 350 words):
Total 105 words used.
Legisway offers true flexible enterprise legal management that can be customized with an industry focus, helping corporate legal departments collaborate with the business and minimize risk. It enables flexibility to easily create and manage custom reports, operationalize business processes, and create automated alerts on key milestones. The solution empowers legal professionals to boost efficiency, increase collaboration across the business, and enable business growth.
What customers have to say about Legisway:
- “We absolutely love it! You can run reports easily and it’s relational across all modules. Things felt ‘flat’ and ‘stationary’ before Legisway. Now everything is much more robust and dynamic.” – Stratus Technologies
- You have the option to answer this final question: Reference any attachments of supporting materials throughout this nomination and how they provide evidence of the claims you have made in this nomination (up to 250 words):
Total 28 words used.
The attached include a press release around Wolters Kluwer announcing the U.S. launch of its enhanced Legisway product, as well as two media placements supporting the announcement.
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