Litera, a leader in legal technology solutions, has acquired FileTrail, a trusted provider of information governance and records management services. This acquisition strengthens Litera’s Governance, Risk, and Compliance (GRC) offerings by integrating FileTrail’s solutions with Litera’s existing tools such as CAM, PowerDesktop, and PS/Ship. The move is aimed at helping law firms and corporations manage data more effectively, comply with evolving regulations, and enhance security for both physical and digital records.
Sheryl Hoskins, CEO of Litera, emphasized the increasing importance of information governance in today’s regulatory landscape. With FileTrail’s ability to provide a unified view of organizational data, Litera aims to offer its clients a more comprehensive GRC solution. The integration will allow firms to maintain a complete view of client and matter data, which is essential for complying with regulatory obligations.
FileTrail, established in 2000, has built a reputation for its advanced information governance and records management capabilities, particularly in highly regulated industries like Legal, Energy, Biopharmaceutical, and Financial Services. FileTrail’s CEO, Harold Westervelt, expressed excitement about the acquisition, highlighting how FileTrail’s tools will complement Litera’s existing products to offer customers greater control over sensitive data.
The combined solutions from Litera and FileTrail offer enhanced features including comprehensive data management, integrated digital collaboration management, and unified retention and compliance management. These tools will enable legal firms and corporate departments to streamline workflows, manage partner and attorney transfers, and improve their handling of sensitive information, whether it’s stored digitally or physically.
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