Menlo Park, CA - July 17, 2003 - OpenSource, Inc., a provider of web-based applications for legal document analysis and management, today announced that Pillsbury Winthrop LLP is implementing OpenSourceCM as part of the firm's comprehensive knowledge management solution.
Pillsbury Winthrop will use OpenSourceCM to give its attorneys better visibility into prior and current deals and agreements. The firm expects to significantly speed precedent analysis and due diligence, improving its ability to support even the largest deals. In addition, Pillsbury Winthrop will use OpenSourceCM to provide enhanced on-line collaboration services for its clients via an extranet. The firm is already using OpenSourceCM to manage its supplier relationships.
"We looked at several contract analysis solutions and found OpenSourceCM to be the best product for our needs," said Warren Jones, Chief Information Officer at Pillsbury Winthrop LLP. "It is smart software that really understands agreements. Unlike other products, it highlights and links terms, amendments and references even when a document was authored in another system. It was the only solution we found that could analyze both third-party paper-based agreements and internally drafted materials as a collection. OpenSourceCM was also easy to implement - our first department was up and running within a week. The software requires minimal effort to maintain and integrates easily with other systems."
With nearly 800 attorneys in 17 offices around the world, Pillsbury Winthrop's success relies on its ability to protect, streamline and leverage its knowledge effectively.
Dr. Uri Zernik, CEO and co-founder of OpenSource commented, "We are particularly proud of our work with Pillsbury Winthrop because it gives us an opportunity to apply our capabilities in a cutting-edge environment in terms of both vision, user expertise, and technology."
Legal agreements represent a large part of attorneys' work-product, consume most of their efforts, and are the basis for a firm's relationships with vendors. However analyzing a large number of agreements with varying content and format is a daunting task. OpenSourceCM combines the capability to convert all agreements to a single, analyzable format, with sophisticated search, tracking and comparison, and with the benefits of Internet accessibility.
About Pillsbury Winthrop LLP
Pillsbury Winthrop is an international law firm with core practices in litigation, technology, intellectual property, energy, capital markets and finance. The firm has 17 offices worldwide. For further information please visit www.pillsburywinthrop.com.
About OpenSource Inc.
Established in 1995, OpenSource provides legal document analysis and management solutions to law firms, corporate legal departments and legal publishers. The Company's products and services combine technologies such as Document Structure Analysis (DSA), Natural Language Processing (NLP) and Optical Character Recognition (OCR), with web architecture. They feature full-text cross-documents search, advanced comparison, automatic hyperlinking of referenced text, event ticklers and reports. For more information, call (+1 650) 330-0259 or visit www.opensourceinc.com.
OpenSource, OpenSource, Inc., and OpenSourceCM are trademarks or registered trademarks of OpenSource, Inc. All other company and product names are property of their respective owners.