Open Text Introduces LegalKEY(R) Risk Indicator to Help Law Firms Address Conflict-of-Interest Issues

Chicago, IL - 2007-03-28 - In the legal profession, one of the most important steps before taking on new business is conducting a thorough conflict of interest check. Failure to do so can lead to severe consequences for a firm. Open Text™ Corporation (NASDAQ: OTEX, TSX: OTC), the largest independent provider of Enterprise Content Management (ECM) software and solutions, today announced LegalKEY® Risk Indicator, a first-of-its-kind solution that makes it easier for conflicts analysts at law firms to quickly identify high-risk conflicts of interest.

The new offering, which Open Text is demonstrating today at its LegalKEY User Group Community Meeting in San Francisco, meets a critical need among law firms, particularly large firms and those in merger situations, where firms want the quickest way to find and manage the highest risk conflicts among an enormous volume of potential conflicts that might be identified.

LegalKEY® Risk Indicator, which is being offered as part of Open Text’s LegalKEY Conflicts Management™ solution, enables law firms to set up a risk matrix and assign categorizations, such as "high risk potential," depending on the matrix. This helps conflicts managers to quickly identify those conflict "hits" that are the most critical to the firm. Hits that meet the criteria for high risk can appear at the top of the conflicts report, so attorneys will see the most important information first before reviewing the rest of the hits that might not be as critical. With firm-defined fields and easy-to-navigate views, these dynamic reports streamline the conflicts resolution process significantly and improve the turn-around time for beginning billable work, while protecting the firm from taking on problematic business.

"With law firm mergers now commonplace in the legal industry, the volume of data that a broad conflicts search generates can be overwhelming to both the firm’s attorneys and the conflicts staff. LegalKEY® Risk Indicator is the only solution available today that helps users identify potential conflicts without delay, as defined by the firm’s risk threshold matrix," said Mohit Thawani, Business Development Manager, Open Text Legal Solutions Group. "This continues our history of innovation in the legal market, part of our commitment to provide our law firm customers with leading-edge proactive compliance capabilities."

LegalKEY Conflicts Management provides thorough conflict of interest searches against internal and external (e.g. OFAC/SDN) sources for optimal firm protection. Firms can execute fast and efficient searches against current, accurate and comprehensive data to identify any potential conflicts and provide attorneys with succinct and relevant reports based on information indexed in real-time.

The Open Text solutions portfolio for law firms includes Livelink ECM – eDOCS™ DM (formerly Hummingbird Enterprise DM) and LegalKEY New Business Intake™, Conflicts Management, Records Management™ and Critical Dates Management™ systems, all tailored specifically to the way that information flows and is used in law firms. The end-to-end compliance platform satisfies the most stringent requirements. Attorneys and support staff can focus on matter-centric tasks, while compliance tools centralize and automate governance processes to manage work product throughout the matter lifecycle. More than 65 percent of the AMLAW 100, and nine of the top 10 global law firms use Open Text legal solutions. For more information, visit: http://www.opentext.com/2/sol-industry/sol-ind-legal.htm.

Upcoming Event

Open Text will be holding Convergence V, the annual user conference for LegalKEY customers, May 6 - 9, at the Sonoma Mission Inn and Spa in California (http://www.fairmont.com/sonoma). Customers will have the opportunity to meet with key members of the Open Text Legal Solutions Group, attend informative sessions and panels, and network with their peers from around the world. Attendees will preview new offerings and the expanded portfolio of proactive compliance solutions for professional services firms. For more information about the comprehensive agenda visit: Convergence V.

About Open Text

Open Text™ is the world's largest independent provider of Enterprise Content Management software. The company's solutions manage information for all types of business, compliance and industry requirements in the world's largest companies, government agencies and professional service firms. Open Text supports approximately 46,000 customers and millions of users in 114 countries and 12 languages. For more information about Open Text, visit www.opentext.com.

Software

© 2007 Open Text