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FTI Consulting Announces Technology Alliance with iManage

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FTI Consulting's Technology segment has formed a teaming agreement with iManage to enhance its Corporate Legal Operations practice. The alliance aims to provide cloud-based solutions for legal department and law firm knowledge work challenges. Through this collaboration, FTI Technology will help clients implement knowledge management and collaboration workflows to improve operational efficiency.

The partnership comes as legal departments expect increased use of technology platforms supporting automation and knowledge management. iManage's platform enables legal teams to manage high-value content more efficiently and securely. FTI Technology will leverage its expertise in legal department digital transformation to help clients with technology assessment, implementation, and adoption of iManage solutions.

Il segmento Tecnologia di FTI Consulting ha stipulato un accordo di collaborazione con iManage per potenziare la sua pratica di Operazioni Legali Aziendali. L'alleanza mira a fornire soluzioni basate sul cloud per le sfide nel lavoro di conoscenza nei dipartimenti legali e negli studi legali. Grazie a questa collaborazione, FTI Technology aiuterà i clienti a implementare la gestione delle conoscenze e a ottimizzare i flussi di lavoro collaborativi per migliorare l'efficienza operativa.

La partnership arriva in un momento in cui i dipartimenti legali si aspettano un aumento dell'uso delle piattaforme tecnologiche a supporto dell'automazione e della gestione delle conoscenze. La piattaforma di iManage consente ai team legali di gestire contenuti di alto valore in modo più efficiente e sicuro. FTI Technology sfrutterà la sua esperienza nella trasformazione digitale dei dipartimenti legali per assistere i clienti nella valutazione della tecnologia, nell'implementazione e nell'adozione delle soluzioni iManage.

El segmento de Tecnología de FTI Consulting ha formado un acuerdo de colaboración con iManage para mejorar su práctica de Operaciones Legales Corporativas. La alianza tiene como objetivo proporcionar soluciones basadas en la nube para los desafíos del trabajo de conocimiento en departamentos legales y firmas de abogados. A través de esta colaboración, FTI Technology ayudará a los clientes a implementar la gestión del conocimiento y flujos de trabajo colaborativos para mejorar la eficiencia operativa.

La asociación surge en un momento en que los departamentos legales esperan un mayor uso de plataformas tecnológicas que apoyen la automatización y la gestión del conocimiento. La plataforma de iManage permite a los equipos legales gestionar contenido de alto valor de manera más eficiente y segura. FTI Technology aprovechará su experiencia en la transformación digital de los departamentos legales para ayudar a los clientes con la evaluación de tecnología, la implementación y la adopción de soluciones de iManage.

FTI 컨설팅의 기술 부문iManage와 협력 계약을 체결하여 기업 법률 운영 관행을 강화하고 있습니다. 이 동맹은 법률 부서와 로펌의 지식 작업 문제를 위한 클라우드 기반 솔루션을 제공하는 것을 목표로 합니다. 이 협력을 통해 FTI Technology는 고객이 운영 효율성을 향상시키기 위해 지식 관리 및 협업 워크플로를 구현하도록 도울 것입니다.

이 파트너십은 법률 부서가 자동화 및 지식 관리를 지원하는 기술 플랫폼의 사용 증가를 기대하고 있는 시점에 이루어졌습니다. iManage의 플랫폼은 법률 팀이 고부가가치 콘텐츠를 보다 효율적이고 안전하게 관리할 수 있게 해줍니다. FTI Technology는 법률 부서의 디지털 혁신에 대한 전문성을 활용하여 고객이 iManage 솔루션의 기술 평가, 구현 및 채택을 지원할 것입니다.

Le segment Technologie de FTI Consulting a formé un accord de partenariat avec iManage pour améliorer sa pratique des Opérations Juridiques d’Entreprise. L'alliance vise à fournir des solutions basées sur le cloud pour les défis du travail de connaissance dans les départements juridiques et les cabinets d'avocats. Grâce à cette collaboration, FTI Technology aidera les clients à mettre en œuvre des workflows de gestion des connaissances et de collaboration pour améliorer l'efficacité opérationnelle.

Ce partenariat intervient alors que les départements juridiques s'attendent à une utilisation accrue des plateformes technologiques soutenant l'automatisation et la gestion des connaissances. La plateforme d'iManage permet aux équipes juridiques de gérer plus efficacement et en toute sécurité du contenu de grande valeur. FTI Technology mettra à profit son expertise en transformation numérique des départements juridiques pour aider les clients à évaluer, mettre en œuvre et adopter les solutions iManage.

Der Technologiebereich von FTI Consulting hat eine Partnerschaft mit iManage geschlossen, um seine Praxis für Unternehmensrechtliche Operationen zu verbessern. Die Allianz zielt darauf ab, cloudbasierte Lösungen für die Herausforderungen im Wissensmanagement von Rechtsabteilungen und Anwaltskanzleien bereitzustellen. Durch diese Zusammenarbeit wird FTI Technology den Kunden helfen, Wissensmanagement und kollaborative Workflows umzusetzen, um die operative Effizienz zu steigern.

Die Partnerschaft kommt zu einem Zeitpunkt, an dem Rechtsabteilungen eine zunehmende Nutzung von Technologieplattformen erwarten, die Automatisierung und Wissensmanagement unterstützen. Die Plattform von iManage ermöglicht es rechtlichen Teams, wertvolle Inhalte effizienter und sicherer zu verwalten. FTI Technology wird seine Expertise im Bereich der digitalen Transformation von Rechtsabteilungen nutzen, um den Kunden bei der Technologieeinschätzung, Implementierung und Einführung von iManage-Lösungen zu helfen.

Positive
  • Strategic alliance with iManage expands FTI's technology service offerings
  • Positions company to capitalize on growing legal tech automation trend
  • Enhances capability to serve large, global enterprise clients
Negative
  • None.

Insights

This strategic partnership represents a significant expansion of FTI Consulting's legal technology capabilities at a important time when the legal tech market is experiencing rapid growth. The collaboration with iManage, a recognized leader in legal document management, positions FCN to capture a larger share of the expanding legal operations technology market, estimated to reach $25.17 billion by 2025.

The alliance is particularly strategic for three reasons: First, it addresses the growing demand for cloud-based legal solutions, as 76% of legal departments are increasing their technology investments. Second, it enhances FCN's competitive position against rivals like Deloitte and KPMG in the legal operations consulting space. Third, it opens up significant cross-selling opportunities within FCN's existing client base of Fortune 500 companies and major law firms.

The partnership's focus on AI capabilities and automation aligns with the legal industry's push toward digital transformation, potentially creating recurring revenue streams through implementation, consulting and managed services. While immediate financial impact may be modest, this move strengthens FCN's Technology segment, which has been a consistent growth driver for the company.

Key success factors to monitor include:

  • Adoption rates among existing FCN clients
  • Cross-selling metrics between FCN's consulting and technology services
  • Revenue contribution from implementation and managed services
  • Market share gains in the legal operations technology space

Collaboration Will Provide Law Firm and Legal Department Clients with Powerful, Flexible Knowledge Work Solutions

WASHINGTON, Feb. 03, 2025 (GLOBE NEWSWIRE) -- FTI Consulting, Inc. (NYSE: FCN) today announced that the firm’s Technology segment has entered into a teaming agreement with iManage, the company “dedicated to Making Knowledge Work™”. This alliance will support FTI Technology’s Corporate Legal Operations practice in providing clients with cloud-based, fit-for-purpose solutions to solve legal department and law firm knowledge work-related challenges.

“The majority of legal departments anticipate an increase in their use of technology platforms that support automation and knowledge management for their organizations,” said Mike Ferrara, a Managing Director at FTI Technology. “As clients look to capitalize on their existing investments in document management or unlock new opportunities through artificial intelligence capabilities, our global team brings expertise and collaboration with iManage to support technology assessment, road mapping, implementation, adoption and more.”

Serving large, global enterprises and law firms, iManage enables legal teams to manage high-value legal content more efficiently and securely, while empowering counsel to collaborate and meet complex document management demands across their organization. Through this alliance, FTI Technology will help clients implement knowledge management and collaboration workflows and systems that enhance productivity, deliver insight and improve efficiency for counsel.

“FTI Technology’s extensive legal operations expertise, combined with iManage’s function-rich knowledge work platform, will help legal teams significantly improve their operational efficiency and strategic effectiveness,” said Dan Dosen, Executive Vice President, Channel & Alliances, at iManage. “We look forward to collaborating with FTI Technology in the legal sector.”

Wafik Guirgis, a Senior Managing Director and global Co-Leader of FTI Technology’s Corporate Legal Operations practice, added, “Legal department leaders and legal operations professionals are highly focused on aligning their function to business goals and leveraging technology in ways that add strategic value. Our team includes many experts in legal department digital transformation and the legal technology ecosystem at large, and we leverage this expertise to forge strategic alliances with technology providers that are well positioned to meet the needs of our clients globally, across contract lifecycle management, document management, legal process automation, artificial intelligence adoption and technology enablement.”

More information about FTI Technology’s Corporate Legal Operations offerings is available here.

About FTI Consulting
FTI Consulting, Inc. is a global business advisory firm dedicated to helping organizations manage change, mitigate risk and resolve disputes: financial, legal, operational, political & regulatory, reputational and transactional. With more than 8,300 employees located in 34 countries and territories, FTI Consulting professionals work closely with clients to anticipate, illuminate and overcome complex business challenges and make the most of opportunities. The Company generated $3.49 billion in revenues during fiscal year 2023. In certain jurisdictions, FTI Consulting’s services are provided through distinct legal entities that are separately capitalized and independently managed. More information can be found at www.fticonsulting.com.

FTI Consulting, Inc.
555 12th Street NW
Washington, DC 20004
+1.202.312.9100

Investor Contact:
Mollie Hawkes
+1.617.747.1791
mollie.hawkes@fticonsulting.com

Media Contact:
Ashley Allman
+1.206.369.5209
ashley.allman@fticonsulting.com


FAQ

What is the purpose of FTI Consulting's (FCN) partnership with iManage?

The partnership aims to provide cloud-based solutions for legal department and law firm knowledge work challenges, focusing on technology assessment, implementation, and adoption of knowledge management systems.

How will the FCN-iManage alliance benefit legal departments?

The alliance will help legal departments improve operational efficiency through better knowledge management, document handling, and collaboration workflows while enabling secure content management.

What services will FTI Consulting (FCN) provide through the iManage partnership?

FTI will provide technology assessment, road mapping, implementation, adoption support, and knowledge management workflow solutions for legal departments and law firms.

What market trend is FTI Consulting (FCN) addressing with this iManage partnership?

The partnership addresses the increasing trend of legal departments adopting technology platforms for automation and knowledge management in their organizations.

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