Wolters Kluwer N V Stock Price, News & Analysis

Novartis and The Cincinnati Insurance Company received the Legal Innovator Awards from Wolters Kluwer ELM Solutions for their innovative use of enterprise legal management. Announced at the ELM Amplify 2022 conference in Scottsdale, Arizona, these awards highlight how clients have effectively leveraged technology to enhance legal operations. Novartis improved invoice reviews and relationships with outside counsel using the Passport solution, while Cincinnati Insurance enhanced legal bill review processes and developed performance scorecards for outside counsel.

Wolters Kluwer CT Corporation emphasizes the importance of selecting a name for businesses, highlighting the compliance challenges involved in executing a name change. Sandra Feldman, Corporate Attorney, notes that corporations often rename to reflect new ownership or strategic shifts. Before initiating a name change, businesses must adhere to state laws, which may include restricted terms. CT Corporation offers guidance through compliance complexities, assisting with name checks and regulatory filings. The organization has a long-standing reputation, serving many Fortune 500 companies and law firms in over 150 countries.

Wolters Kluwer Legal & Regulatory U.S. will showcase its enhanced Legisway solution at the ACC 2022 Annual Meeting in Las Vegas from October 23-26. This all-in-one software is tailored for corporate legal departments, aimed at improving decision-making and outcomes through customizable contract lifecycle management. The product has shown success in Europe and addresses the evolving needs of in-house legal teams. A webinar on October 20 will discuss the challenges faced by legal professionals, featuring insights from industry experts.

Wolters Kluwer announced that Amy Kolzow, Vice President of Global Digital Marketing, will present at the Sitecore Symposium 2022 on October 20, 2022, at 9:00 am CT. The presentation will highlight the company’s OneWeb program, which consolidated 280 websites into one, enhancing the digital experience for customers. This initiative showcases 900 solutions across 25 languages and 30 countries. With 2021 revenues of €4.8 billion, Wolters Kluwer continues to lead in providing expert solutions globally.

Wolters Kluwer CT Corporation will host a webinar on October 19 at 1pm ET to address the complex regulatory challenges in the pharmaceutical industry. Experts David Yount and Hans Howk will cover licensing requirements for various stakeholders, including drug manufacturers and wholesalers. The webinar will also include discussions on the Drug Supply Chain Security Act, aimed at improving the traceability of prescription drugs. Wolters Kluwer has been a leader in compliance services for nearly 130 years, serving over 75% of Fortune 500 companies and 95% of AmLaw 100 law firms.

Wolters Kluwer ELM Solutions is hosting its ELM Amplify 2022 conference in Scottsdale, Arizona, from October 18-20. The event aims to facilitate networking and learning among clients and industry leaders, featuring keynote speeches from Raja Sengupta and Stacy Allison. Topics will focus on legal innovation through collaboration and the use of data in enhancing operational efficiency. Notably, the company will unveil new enhancements for TyMetrix 360, alongside the winners of its Legal Innovator Awards, which recognize clients excelling in legal service innovation.

Wolters Kluwer ELM Solutions has released the 2022 Real Rate Report, indicating a continued rise in average law firm rates. Partner rates increased from $705 in 2020 to $749 in 2022, while associate rates grew from $503 to $546 during the same period. The report utilizes data from over $155 billion in legal invoices within the LegalVIEW database, offering benchmarks for corporate legal departments to make informed outsourcing decisions. ELM Solutions aims to enhance operational efficiency and reduce costs for corporate legal operations.