Enhanced FTI Partner Program Aims to Expand Market-Leading Position of Ringtail® Legal™ While Bringing Best-In-Class Product to Strategic International Markets
Hosting Partnership with Commonwealth Legal Extends the Ringtail Legal Channel Ecosystem into Canada
New York, NY - November 19, 2007
FTI Consulting, Inc. (NYSE:FCN), the global business advisory firm dedicated to helping organizations protect and enhance their enterprise value, today announced an enhanced FTI Partnership Program to extend the market penetration and availability of the firm's industry-leading Ringtail® Legal™ document review technology. FTI also announced a Ringtail Hosting partnership with Commonwealth Legal, Canada's leading national litigation support services firm, to extend the availability of Ringtail Legal's technology offerings in Canada.
Ringtail Legal technology from FTI offers corporations, law firms and governments a faster and more efficient method for managing and reviewing documents in over 200 languages. Cited among the top five electronic discovery software solutions in the 2007 Socha-Gelbmann Electronic Discovery Survey, Ringtail reduces time and cost throughout the litigation life cycle, from collection through review, analysis, production and trial presentation.
“The FTI Partner Program extends the Ringtail channel ecosystem to provide value throughout the electronic discovery lifecycle,” said Ed Pfromer, managing director of alliances and marketing at FTI Consulting. “FTI enhanced the partner program in direct response to our partners' needs to help them provide better value and higher client satisfaction with Ringtail Legal.”
FTI has demonstrated its commitment to the program by assembling a team of industry expert alliance directors dedicated to helping partners expand skills, find and close new business, and support customers. Additionally, FTI developed an online training program, a new partner portal and has extended marketing, sales and client support.
“A transformation among many legal technology buyers today results in a supplier ecosystem that no longer tethers partner programs with a stringent focus on servicing legal discovery and litigation support providers,” said Vivian Tero, Senior Research Analyst for Compliance Infrastructure, IDC.
Tero continued, “Forward thinking organizations like FTI are realigning their channels to parallel the changing dynamics among buyer organizations, providing a deeper set of value-added services that enhances FTI's value proposition across the legal technology value chain and positioning FTI to appeal to a wider range of partners.”
The Ringtail Legal Network
FTI refined the FTI Partner Program to support a wider range of partners. In the enhanced program, there are three primary partner types, each requiring certification by FTI to one of three levels: Bronze, Silver and Gold. Program participants include:
Ringtail Service Partners, formerly known as the Ringtail Certified Service Bureau, that provide Ringtail data loading services and workflow consulting.
Ringtail Technology Partners include leading Independent Hardware and Software Vendors (ISVs/IHVs) that have or wish to integrate their technologies with Ringtail to extend the value of the platform.
Ringtail Hosting Partners that provide data processing, Ringtail hosting and consulting services.
Becoming a Ringtail Technology or Hosting partner is by invitation only.
Extending Presence of Ringtail in Canada
Ringtail also announced today a hosting partnership with Canada's first national, full-service litigation document management company, Commonwealth Legal, which extends Ringtail's reach into Canada. Commonwealth Legal was established in 2000 and has grown to become the leading full-service provider of evidence management solutions with more electronic discovery, scanning and coding capacity than any litigation document management firm in the Canada. Commonwealth Legal offers solutions for every stage of the litigation process by combining technology expertise, legal knowledge and practical solutions.
“By becoming a Ringtail Hosting Partner, Commonwealth Legal is able to expand its current offering to law firms and corporations involved in large scale, complex litigation cases with multi-lingual documents which require scalable, secure, customizable solutions,” said Karen Brookman, president of Commonwealth Legal Inc. “This partnership will enable us to capitalize on proven technology, while continuing to offer our clients a strategic solution to ensure access to meaningful evidence, cost effective review processes and minimized risk.”
As a Ringtail Hosting Partner, Commonwealth Legal will add Ringtail Legal hosting, data processing and consulting capabilities to its service offering. As a proud Alliance Partner since 2000, Commonwealth Legal has attained a Silver level of qualification after completing rigorous certification and training programs. Among other membership requirements, Commonwealth Legal has a dedicated team of Ringtail Certified specialists to service clients across Canada.
“The addition of Commonwealth Legal as an FTI Hosting Partner, Canada's most trusted evidence management company, is a strategic move for the FTI Partner Program as it strengthens the presence of Ringtail Legal and FTI in the Canadian market,” added Pfromer.
Organizations interested in partnering with FTI should visit the FTI Partner Portal to download an enrollment form and request the program guide. The partner portal can be found at: https://partners.fticonsulting.com.
About FTI Consulting
FTI Consulting, Inc. is a global business advisory firm dedicated to helping organizations protect and enhance enterprise value in an increasingly complex legal, regulatory and economic environment. With more than 2,400 professionals located in most major business centers in the world, we work closely with clients every day to anticipate, illuminate, and overcome complex business challenges in areas such as investigations, litigation, mergers and acquisitions, regulatory issues, reputation management and restructuring. More information can be found at www.fticonsulting.com.
About Ringtail® Legal™
Ringtail® Legal™ technology from FTI Consulting, Inc. enables fast and efficient document review in over 200 languages – delivering substantial time and cost savings to lawyers and investigators working on large, complex matters. The web-based litigation support technology scales to handle hundreds of users, thousands of cases and millions of documents. Ringtail Legal on-premise clients and on-demand ASP users include some of the largest law firms, international government agencies and corporations in the world. For more on Ringtail Legal, please visit www.ftiringtail.com.
About Commonwealth Legal
Commonwealth Legal is Canada's leading full service provider of evidence management and litigation support solutions to the legal community. With six offices across Canada, Commonwealth Legal is at the forefront of providing Electronic Discovery solutions in Canada and around the globe. Commonwealth Legal is a trusted partner providing the expertise and solutions for every member of the legal team, from case inception to trial. Commonwealth Legal's client list includes the top 25 firms in Canada, as well as some of Canada's largest and most prominent corporations and institutions from a variety of industries including finance, insurance, government and telecommunications as well as clients in the US and Europe. Commonwealth Legal—Your First Call For E-Discovery Solutions. For more information, visit Commonwealth Legal at www.commonwealthlegal.com.
FTI Consulting and Ringtail Legal are trademarks of FTI Consulting, Inc. and its related companies. FTI and Ringtail are registered trademarks of FTI Consulting, Inc. and its related companies.
Safe Harbor Statement
This press release includes "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934 that involve uncertainties and risks including statements related our future financial results. There can be no assurance that actual results will not differ from the company's expectations. The Company has experienced fluctuating revenues, operating income and cash flow in some prior periods and expects this will occur from time to time in the future. As a result of these possible fluctuations, the Company's actual results may differ from our projections. Further, preliminary results are subject to normal year-end adjustments. Other factors that could cause such differences include the pace and timing of the consummation and integration of past and future acquisitions, the company's ability to realize cost savings and efficiencies, competitive and general economic conditions, retention of staff and clients and other risks described under the heading "Item 1A. Risk Factors" in the Company's most recent Form 10-K and in the Company's other filings with the Securities and Exchange Commission. We are under no duty to update any of the forward-looking statements to conform such statements to actual results or events and do not intend to do so.