LexisNexis Announces Development of Dynamics AX-based Practice and Financial Management Solution for the Legal Industry

LexisNexis International, a provider of content-enabled workflow solutions, has signed an agreement with Microsoft to develop a legal-specific practice and financial management solutions platform, using Microsoft Dynamics AX.

The LexisNexis practice and financial management solution will address the needs of mid-tier and international law firms, according to the company. The solution is set to be in beta testing throughout 2011. It will be generally available in the United Kingdom and across Europe in 2012.

The LexisNexis solution was designed to be a globally deployed solution to help lawyers better manage and track all the elements of their businesses, from discovery through judgment, as well as manage accounting related projects such as trust funds faster and easier, according to Guy Weismantel, Microsoft Dynamics ERP Product Marketing Director.

"That means spending less time searching for information and more time being productive," Weismantel said in a blog post.

For firms with global offices, or those that plan to expand their practices, the new LexisNexis solution will also offer multi-currency and multi-jurisdiction functionality to help drive business development across multiple geographies, he said. Users of the system will also be able to take advantage of the interoperability with other Microsoft solutions including Microsoft Office, SharePoint Server and Microsoft Windows Server.

The LexisNexis practice management solution will offer finance functionality including accounting, time and billing, disbursement management and integrated reporting, enabling law firms to manage, standardize and streamline financial processes, the company said.

For national firms and existing LexisNexis dna and Axxia customers, the dna platform will now be powered by Dynamics AX, according to the company.

"The new LexisNexis practice ...