Wolters Kluwer ELM Solutions announced the launch of LegalCollaborator, a breakthrough legal engagement and competitive bidding software that marks the next evolution in the company's innovative approach to Total Legal Spend Management. The solution integrates seamlessly with ELM Solutions' TyMetrix 360deg and Passport platforms to not only capture early law firm engagement information and competitive pricing insights, but also provide enforcement of pricing agreements for full vendor transparency and cost management. For the first time, legal professionals will have access to an efficient, scalable and transparent process for initiating single law firm engagements and competitive bids.

LegalCollaborator removes subjectivity from law firm selection, providing a series of pre-defined templates that allow users to efficiently collect and view critical matter details such as conflict waivers, strategy, staffing and pricing structure side-by-side. A user-friendly interface will provide corporate legal teams with more transparency into their matters, driving an unparalleled ability to accomplish the desired outcome at the best possible cost. Meanwhile their law firm partners can use the solution to demonstrate the unique strategies and crucial differentiators paramount to successful matter outcomes.

This generates a more competitive bidding environment that brings only the best firms to the top.