New Version of CT TyMetrix 360 Provides Superior Alternative Fee Arrangement Management...

New Version of CT TyMetrix 360 Provides Superior Alternative Fee Arrangement
Management Capabilities

New Release Provides Robust Support of Alternative Fee Arrangements and
Timekeeper Rate Management

HARTFORD, Conn., May 19 /PRNewswire/ -- CT TyMetrix, the premier provider of
Web-based legal management solutions for corporate law departments and claims
organizations, today announced the launch of its next generation of CT
TyMetrix 360. The 10.0 release provides users with superior vendor management
functionality, including end-to-end support of alternative fee arrangements
(AFAs) and timekeeper rate management.

The economic downturn has underscored the value of strategic spend management.
In order to better predict and manage their legal spend, corporate law
departments are looking increasingly beyond the billable hour. These
alternatives to the billable hour, commonly known as AFAs, can better align
law firm compensation to the corporation's interests. The latest release of CT
TyMetrix 360 is the first comprehensive solution for AFA management that
provides end-to-end support for the creation, administration, tracking and
measuring of AFAs.

The AFA module is the result of in-depth research among the CT TyMetrix user
base. Included in the module are the commonly used and requested AFA
templates, such as blended hourly rates, deal-based billings, fee caps, hourly
rate discounts, hourly rate volume discounts, matter-based rates, task-based
billing caps, and others. In addition to AFA management, Release 10.0
introduces an advanced timekeeper rate management, another integral part of
vendor management. Highly configurable, the advanced rate management
functionality gives users more control over how timekeeper rates are created
and maintained.

"In today's economy, cost control is the top priority for most corporate legal
departments. Moreover, law firms are looking for ways to be compensated for
quality legal service. AFAs hold the promise of closely aligning the
compensation of outside counsel to the quality of the results they deliver,"
said John Weber, general manager, CT TyMetrix. "CT TyMetrix 360 is the first
comprehensive AFA management solution on the market ---giving corporate law
departments and their firms the ability to create, track and measure the
success of AFAs. The combination of our improved rate management, AFAs,
best-in-class budgeting, accruals, and true business intelligence tools enable
today's law department leaders to develop, track and measure their spend
management strategies."

Some additional new features included in CT TyMetrix 360 release 10.0:
-- Law Firm Matter Analysis &Tracking: A new Web page extends the reach
of law firm data, evaluation and performance commentary.
-- Invoice Status Rollback: With a high degree of visibility and audit
control, users can pull an invoice back into the review chain after it
has been submitted to their Payment system, but not yet paid.

-- Member Management: Improved management allows for member disablement
with enhanced capabilities to view assignments to be reassigned.

About CT TyMetrix
CT TyMetrix, part of CT, is the market leader in Web-based legal management
solutions for corporate law departments and claims organizations. It provides
clients with quality legal management software -- including e-billing, matter
management and performance metrics -- and the expertise required to reduce
costs, improve results, and gain the insight required to meet their strategic
objectives. CT TyMetrix is based in Hartford, Conn., with business operations
in Chicago and London. For more information, please visit www.cttymetrix.com,
www.cttymetrix.co.uk or cttymetrix.blogspot.com.

CT, a Wolters Kluwer business, provides the tools to help legal and financial
professionals manage risk on many levels. From managing corporate compliance
to legal department performance, trademark protection to matter management,
and electronic data discovery to preparing cases for litigation, CT has the
right solution to meet a host of needs. CT is based in New York. For more
information, please visit www.ctlegalsolutions.com.

About Wolters Kluwer
Wolters Kluwer is a leading global information services and publishing
company. The company provides products and services for professionals in the
health, tax, accounting, corporate, financial services, legal, and regulatory
sectors. Wolters Kluwer had 2008 annual revenues of 3.4 billion euros, employs
approximately 20,000 people worldwide, and maintains operations in over 35
countries across Europe, North America, Asia Pacific, and Latin America.
Wolters Kluwer is headquartered in Amsterdam, the Netherlands. Its shares are
quoted on Euronext Amsterdam (WKL) and are included in the AEX and Euronext
100 indices. Visit www.wolterskluwer.com for information about our market
positions, customers, brands, and organization.

SOURCE CT TyMetrix

Stacy Nobles, CT, a Wolters Kluwer business, +1-212-590-9058,
stacy.nobles@wolterskluwer.com; or Jonathan Klein, Articulate Communications
Inc., +1-212-255-0080, ext. 15, jklein@articulatepr.com