LexisNexis, a leading provider of content and technology, has announced multi-year agreements to provide CounselLink software to Fannie Mae and to Hawaiian Electric Company and its subsidiaries, which serve 95 percent of the state’s 1.2 million residents on the islands of Oahu, Maui, Hawaiian Island, Lanai and Molokai. LexisNexis CounselLink enables corporate law departments to efficiently manage their legal spend and matters, while at the same time organizing their outside counsel relationships. The service consists of robust e-billing capabilities, comprehensive matter management functionality, reporting and analysis tools and various other outside counsel collaboration features.
According to Amy S. Barry, chief of staff to the general counsel of Fannie Mae, “One of the main reasons we chose LexisNexis CounselLink was the software’s ability to provide a single solution to matter management, e-billing and analytics.”
Susan A. Li, vice president and general counsel of Hawaiian Electric noted: “Hawaiian Electric and its subsidiaries engage nearly 50 outside law firms at any given time and by leveraging CounselLink, we believe we can become much more efficient in how we work with these firms in order to control costs so we can keep rates as low as possible for our customers.”
More information about CounselLink can be found at http://corporate.lexisnexis.com/counsellink/.