By Legal Futures Associate Litera
Litera, a global leader in legal technology solutions, has announced the acquisition of FileTrail, a globally trusted leader in information governance and records management. This is an expansion by Litera in the governance space, complementing Litera’s CAM, PowerDesktop, and PS/Ship products to create overarching Governance, Risk, and Compliance (GRC) capabilities for law firms and corporations. The acquisition of FileTrail adds essential solutions to Litera’s suite of legal tools that unify data management, simplify compliance, streamline transfers, and optimise record disposition. These enhancements will provide Litera customers with a more comprehensive and modernised solution for managing evolving regulations and data security threats across both physical and digital records.
“Firms have always prioritised information governance and safeguarding client and matter data, but in today’s regulatory environment, it’s become even more critical,” said Litera CEO Sheryl Hoskins. “It is essential for firms to maintain a complete view of client and matter data to comply with their regulatory obligations. FileTrail’s strength lies in its ability to offer a unified view of all data within an organisation, and this integration into Litera’s existing GRC portfolio will provide firms and corporate departments with industry-leading Governance, Risk, and Compliance capabilities.”
Founded in 2000, FileTrail established itself as a leading information governance and records management organisation trusted by innovative organisations in a range of highly regulated industries, including Legal, Energy, Biopharmaceutical, and Financial Services. Commenting on the acquisition, FileTrail CEO Harold Westervelt noted: “We are excited to showcase our cutting-edge suite of products to a larger, more agile fan base. The combination of FileTrail’s capabilities, alongside Litera’s CAM, PowerDesktop, and PS/Ship products creates a governance solution that allows our customers to have complete control over sensitive client data.” FileTrail customers will also benefit from Litera’s modern approach to SaaS and AI technologies, and an elevated customer experience, including dedicated Customer Success Management, extensive adoption resources, and access to product SMEs, all focused on empowering customers to extract the utmost value from their Litera solutions.
The consolidated offerings from Litera and FileTrail empower legal firms and corporate departments with an expanded set of capabilities that include:
- Comprehensive Data Management: Gain a thorough understanding of how and where client and matter data is stored and used by the firm, across both physical and digital records.
- Integrated Digital Collaboration Management: Ensure the ability to provision, manage, and analyse digital collaboration systems such as document management systems, network file shares, Microsoft Teams, or SharePoint.
- Unified Retention and Compliance Management: View and apply retention policies and outside counsel guidelines on physical and electronic records.
- Streamlined Review and Approval Workflows: Utilise review and approval workflows for the disposition of physical and digital records.
- Seamless Partner and Attorney Transfers: Manage partner and attorney client matter transfers between firms seamlessly.
- Effective Management of Outside Storage Vendors: Implement comprehensive solutions to manage the transfer and storage of sensitive information with outside physical storage vendors.
Click here to learn more about how adding FileTrail to the Litera solutions portfolio enables law firms and corporations to automate compliance, lower risk, and dramatically reduce costs.
