3rd Novemeber 2008
Nabarro Select Research Monitor
Nabarro, a major UK law firm with 420+ lawyers has selected Research Monitor. After a comprehensive system trial the firm has selected the Access Control, Usage Monitoring, and Cost Recovery modules to manage upwards of seventy online resources.
“Along with usual suspects of LNB, Westlaw, and PLC, we’re excited to expand the list of online resources monitored and managed by Research Monitor. We see the real value of the management information provided by the system when we consolidate reporting for a large number of resources. It’s also exiting to provide the fee earners with password free access to online databases and journals from their desktops. This demonstrates the value of the system to management and fee earner alike.” said Peter Borchers, Priory’s Managing Director.
Recent increased focus on accountability and cost justification has seen rising interest in Research Monitor; with the Nabarro deal a third win in as many months.
Click here for a list of the resources currently managed by Research Monitor V3.
17th September 2008
Kilpatrick Stockton LLP Select Research Monitor
Kilpatrick Stockton, a prestigious international law firm in nine offices across
the eastern United States and Europe, has selected Research Monitor V3 as its
Electronic Resource Management solution. Kilpatrick Stockton joins the
increasing number of firms selecting Research Monitor due to its ease of
implementation and its feature set.
Research Monitor V3 was released in July 2008 and contains many exciting new
functions to assist information professionals in their complex task of managing
organisations’ online content.
Research Monitor V3 is currently available. To find out more contact info@priorysolutions.co.uk.
26th August 2008
Clifford Chance Invest Further in Research Monitor
Clifford Chance, the world’s largest law firm, are upgrading their current Research Monitor system to V3 and extending their license in recognition of the continued value the system provides.
“Having Clifford Chance recommit to our products knowing the information generated by Research Monitor is being used to report at the senior management level is a big motivation for us. Many firms in this market are only interested in the initial sell and not in creating ongoing partnership relationships with their clients. Our model is based on partnership and risk sharing in an effort to promote customer loyalty and maintain our commitment to our valued high levels of service.” said Priory Solutions Managing Director Peter Borchers.
Research Monitor V3 is currently available. To find out more contact info@priorysolutions.co.uk.
2nd August 2008
Research Monitor Demonstration in Dublin
Priory Solutions and 7Side are running a demonstration of Research Monitor in Dublin on Tuesday 3rd September. For more information about how to sign up for the demonstration, click here.
1st August 2008
Blank Rome Select Research Monitor to Replace Existing System
Blank Rome, one of America’s fastest growing law firms, has purchased Research Monitor to replace their existing Onelog Electronic Resource Management system. Blank Rome will utilise the full range of Research Monitor V3’s access control, cost recovery, and usage monitoring functions.
“We are pleased to announce the expansion of our US client base.” said Priory Solutions’ Managing Director Peter Borchers, “We are very proud of our latest Research Monitor release and are confident Blank Rome has made the correct choice to overcome some of the problems experienced with their existing system.”
Research Monitor V3 was released in July 2008 and contains many exciting new functions to assist information professionals in their complex task of managing organisations’ online content. Contact info@priorysolutions.co.uk to find out more about how the system can help overcome your challenges.
15th July 2008
Research Monitor V3 Released
Priory Solutions today announced the release of Research Monitor 3, the latest version of its leading Electronic Resource Management system.
Most large law firms subscribe to a multitude of online databases and electronic resources. These resources consist of electronic journals, specialist know how, business information services, and general legal content. They are all available through costly subscription or pay as you go models. On top of the price tag these systems come at a cost: thousands of usernames and passwords to manage, a huge knowledge gap about how this investment is being used, and charges that are time consuming or impossible to allocate to practice areas or clients.
Electronic Resource Management (ERM) systems enable firms to deal with these challenges. Once seen purely as online cost recovery tools, ERM systems have matured and now provide three distinct benefits;
- controlling access to resources by centrally managing usernames and passwords, thus enforcing license agreements and limiting cost overruns,
- providing management reports detailing usage across the firm’s electronic resources facilitating contract negotiations and internal training initiatives, and
- enabling cost recovery of transactional or subscription based online services.
Rory Kingan, Priory Solutions CTO commented on the new release; “Some of our new features include a cost recovery discounting model driven by search volumes and search sources. In the access control module we’ve added an access portal which displays all resources available to the current researcher, and in the usage monitoring module we’ve added additional support for capturing detailed information about research activity.”
Research Monitor doesn’t affect how researchers access resources. It seamlessly logs on to resources with the logon details for the current researcher – no more forgotten passwords and no more password sharing! It tracks all research sessions on an unlimited number of resources, so you know how heavily each resource is used and by whom. It provides matter number validation on any web page and can record matter numbers against websites that don’t collect a client code. All of these functions are configurable by an administrator and available without any need for vendor integration.
Said Managing Director Peter Borchers, “We are breaking new ground in the management information provided by our tools, for instance by allowing firms to determine the effectiveness of their single search solutions by reporting on usage levels and patterns. Our vision is to empower firms to make decisions from an informed position, and to further establish Research Monitor as the accepted solution for vendor independent electronic resource management.”
Priory Solutions has been delivering software solutions to the legal industry in the UK since 2003 and more recently the US legal market.
For more information about Research Monitor 3 or to enquire about Priory Solutions other services, please contact us on info@priorysolutions.co.uk, or on +44 845 056 9464.
1st June 2008
Priory Solutions appoints Rory Kingan as Chief Technology Officer
Priory Solutions, a leading provider of Electronic Resource Management software to the legal industry is pleased to announce the appointment of Rory Kingan as Chief Technology Officer. Rory brings ten years of information technology expertise gained in a range of consulting roles in the Legal, Financial, and Information sectors.
Rory said: “It’s great to be joining an innovative company with such market-leading technology. I’m eager to keep Research Monitor ahead of the competition, delivering benefits that firms are increasingly finding indispensable in this maturing field. Additionally I’m looking forward to working with our customers and diversifying our product base after reviewing their comments and ever changing requirements.”
Peter Borchers, Managing Director added: “Rory’s experience and skill set will be a great addition to the team. His expertise will be invaluable in overseeing our upcoming Research Monitor Version 3 release as well as our expanded offerings in the ERM sector later this year. Customers can continue to expect great things from Priory’s technology and services.”
The appointment follows significant increased interest on both sides of the Atlantic in Priory’s Electronic Resource Management software, Research Monitor. In the tough economic climate firms are finding their spend on online resources needs to be managed more effectively while freeing fee earners’ time. Research Monitor facilitates this by streamlining access control and cost recovery and providing vendor independent usage reporting.
About Priory Solutions
Priory Solutions is a leading provider of Electronic Resource Management software to legal and financial firms. Our flagship product Research Monitor enables customers to effectively manage their online research resources by facilitating access control, providing insightful usage reporting and enabling timely and accurate cost recovery. Priory Solutions was founded in 2003 and is based in London and Brighton, UK.
15th February 2008
Berwin Leighton Paisner LLP Implement Research Monitor
Priory Solutions Limited has announced a new win for its Research Monitor cost recovery and online research usage tracking system. After trialling the system, Berwin Leighton Paisner LLP is rolling out Research Monitor to its London office. The system, which provides vendor independent detailed online database usage tracking, password management, and cost recovery functionality, will be used to enhance research training and improve visibility of online database spend.
30th January 2008
Website Updated
The Priory Solutions website has been updated to include far more Research Monitor related content. Not only has the information contained on the site been updated, so too have the downloadable documents. Visit the all new Research Monitor screenshots page for a tour of the look and feel of the system.
7th October 2007
PLC Tracking Enhancements
Using the flexible vendor independent Research Monitor
configuration tools, the ability to track PLC usage has been enhanced. Using the
Research Monitor report generator, you can track usage of modules down to the
search term, and document view level.
View the screenshots below for an example report.
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| Example 1 - High Level Summary | Example 2 - Search Details | Example 3 - Document View Details |
20th August 2007
Westlaw & LexisNexis® Butterworths Enhancements…
Using the flexible vendor independent Research Monitor configuration tools, we have recently implemented the most enhanced Westlaw and LNB tracking scenario to date. The organisation in question is using Research Monitor to perform low level usage tracking on all Westlaw, LNB modules in a training customisation initiative. Research Monitor provides details of all search activity down to search terms and result counts, as well as details of all documents accessed, downloaded, or printed. Regardless of IP authentication, this information is available down to the individual researcher level, or aggregated up to department, research location, or profit centre level. This provides the ability for information professionals to tailor training initiatives.
25th June 2007
Research
Monitor V2.0 Released
"I am delighted to announce
the release of Research Monitor V2.0. The release was slightly
delayed as we were reluctant to leave out any of the key feature
requests, some of which were received at a relatively late
stage. I am exceptionally pleased with the final product release
which has propelled it to the forefront of the third party
online research management product space.
Although the firms currently
using this technology are early adopters, the market is opening
up and the dominant solution will be the one that contains the
correct blend of functionality, flexibility, and ease of use.
The team believes we've achieved this with the new version. The
enhanced tracking and reporting features are very exciting and I
look forward to the feedback we'll receive over the coming
months." said Peter Borchers, Research Monitor Product Manager.
Read the
Research Monitor V2.0 Release Notes. 30th May 2007
Research
Monitor at SLA 2007
Denver's Colorado Convention
Centre will host the 2007 SLA annual conference and exhibition.
Priory Solutions are
delighted to be a part of the exhibition and look forward to
showcasing Research Monitor.
Read more about the SLA Conference. 7th March 2007
Research
Monitor at BIALL 2007 7Side and
Priory Solutions will be showcasing Research Monitor at BIALL
2007. The 2007 event is being held in the Sheffield City Hall
from Thursday 14th to Saturday 16th June. Be sure
not to miss the Research Monitor product review session on
Friday 15th from 9am to 10am.
Law
London Commercial Affairs Conference 2007 Talk Peter
Borchers (Research Monitor Product Manager) will be giving a
talk at the Law London Commercial Affairs Conference 2007 held
at London Olympia on the 14th March 2007. The
talk, titled “Industry Trends in Charging Costs Back to Clients
– analyse and recover costs seamlessly”, aims to provide a
balanced view of the current attitudes towards charging back
online research costs. 7Side,
Priory’s Research Monitor business development partner,
conducted a recent poll targeting Information Professionals at
some of the UKs most influential and forward thinking firms to
find out how they are handling the often complex question of
whether and how to charge back these ever increasing costs. 10th December 2006
Research
Monitor V2 Release Date Announced Version
2 of Priory’s leading research management solution, Research
Monitor, is scheduled for release in May 2007. “As with
any new technology, once it has been implemented in the market
it becomes clear which areas offer most value and therefore need
enhancement. The main focus of this product release
is to incorporate customer and partner feedback and focus our
efforts on those areas of the solution that add real value. I
feel confident this release will position us clearly at the
forefront of the solutions in this market space.” said Research
Monitor Product Manager Peter Borchers. As well
as general maintenance fixes, version 2 will offer the
following:
-
Enhanced support for
single sign-on enabling definition of multiple start locations
-
Enhanced usage tracking
enabling more rigorous matching of research activity
-
Enhanced product access
control features
-
Excel add-on allowing
statistical analysis of online usage For
further information and to arrange a demonstration of the
product please contact Mary Lovell at 7Side, Priory Solutions’
Research Monitor business development partner. 1st November 2006 Clifford Chance Implement Research
Monitor After a
comprehensive trial period, Clifford Chance has rolled out
Priory Solutions’ Research Monitor to its Canary Wharf London
office. Research Monitor, the leading online research and cost
management solution, is a key part of the initiative
aimed at providing greater fee earner access to online
information sources while retaining centralised control, as well
as streamlining the current cost management processes in place. The
system, which was initially piloted in a subset of departments,
has now been rolled out to the remaining practice areas. “We are
all extremely pleased that a firm of the size and stature of
Clifford Chance recognise the value proposition of our product.
The issues involved in managing the usage, training, and cost of
premium information subscriptions are common to many firms today
and we are confident that the market will follow the forward
thinking example set by firms like Clifford Chance by
implementing solutions like Research Monitor designed to help
overcome these issues.” said Research Monitor Product Manager
Peter Borchers. For
further information and to arrange a demonstration of the
product please contact Mary Lovell at 7Side, Priory Solutions’
Research Monitor business development partner. 9th June 2006 Join us at BIALL 2006 Research Monitor will be on show at the Annual British and
Irish Association of Law Librarians study conference and exhibition being held
at the Hilton Brighton Metropole from the 15th to the 17th June. Priory
Solutions' alliance partner 7Side will host interactive product demonstrations
showcasing our leading research cost recovery and research management solution.
Please join us for a demonstration and a discussion of how
we can help you make the most of your on-line research budget.
13th February 2007
22nd November 2005
Research Monitor on show at Online Information London 2005
7Side, Priory Solutions' alliance partner, will feature Research Monitor on their Online Information 2005 stand. In addition to the product showcase, Priory's Managing Director Phillip Markwick will be speaking at a business information seminar.
Online Information, billed as the world's No. 1 event for online content and information management solutions, is being held in London Olympia's grand hall from November 29th - December 1st 2005. The combined exhibition and conference, showcases the latest offerings from information and information management solution providers.
As part of the line up of events planned for the exhibition and conference, a number of free seminars will be run focusing on various issues firms face in sourcing and managing information. Theatre A will host the Business Information in Focus seminar stream on Tuesday 29th December at which Priory's Phillip Markwick will in conjunction with Michael Maher, Head of Information at Beachcroft Wansborough, be discussing Accountability in Online Research. Phillip will discuss how technology can be used by information professionals to more effectively control how information sources are utilised and managed.
8th August 2005
Priory Announce Rebranding of Online Cost Recovery Solution
Priory Solutions have rebranded their industry leading research management and
cost recovery tool as Research Monitor. The rebranding of the product
(previously resold through Copitrak Systems) coincides with the recent alliance
formed with 7SIDE, the leading provider of online company information. This
alliance brings all-round online information and technical expertise to the
Priory sales model.
Asked about the product rebranding, Priory Solutions' Managing Director Phillip
Markwick said the following: "Our recent alliance and rebranding is a response
to market feedback. Rather than simply being offered a product that counts
research sessions, firms increasingly want a suppler who understands the legal
information market, who understands the issues firms face in formulating a
research management strategy, and who can interpret the firm's wider research
management, cost recovery, and information accountability requirements into a
set of solutions. Our alliance with 7Side has allowed us to create a sales
model capable of meeting the unique requirements of the research management and
cost recovery market. We can now focus as much on information accountability as
pure research cost recovery; a differentiation that is key in providing real
value to our customers."
Priory's Research Monitor Product Manager Peter Borchers had the following to
say: "There is no doubt that our product is the most sophisticated research
cost recovery tool on the market today. A significant challenge for us has
always been communicating to firms the multitude of ways in which it can be
configured to meet their individual needs. Our sales model meets this challenge
by combining the required business and technical skill sets. I am particularly
satisfied with this development as it allows Priory's technical team to focus
on adding exciting new features to Research Monitor."
Research Monitor enables information professionals to track, manage, and
allocate the costs of using online information services. For further
information contact Priory Solutions on 0845 056 9464, or 7SIDE on 029 2045
1444
21st June 2005
Research Monitor now available from 7SIDE
Priory Solutions, the creators of the online research cost management system
Research Monitor, have signed a deal with leading information broker
7SIDE. The partnership will combine Priory's research cost management
experience with 7SIDE's marketing and information industry experience;
providing a complete client solution. As a result 7SIDE will now offer Research
Monitor as part of their product and services portfolio.
According to co-founder Phillip Markwick, "As part of a developing alliance
strategy at Priory, the relationship with 7SIDE allows us to strongly position
Research Monitor in the library and information management market".
"It's allows for great synergy," says co-founder Peter Borchers. "We are
aligning our expertise in tools that manage the cost of online research with
7SIDE's market leading experience in providing online information services."
Research Monitor enables information professionals to track, manage the use and
allocate the costs of using online information services. For further
information contact Priory Solutions on 0845 056 9464, or 7SIDE on 029 2045
1444
12th January 2005
Interface to Time Recording Systems To Be Added.
Priory are currently working with a top city firm to interface Elite TimeTrax with its online research cost recovery solution. As a result, the time that fee earners spend performing online research will be automatically recorded within TimeTrax. This will significantly reduce the amount of manual time entry the firm's 400 lawyers currently have to perform.
The Time Recording Interface will be available in the next release planned for April 2005.
1st December 2004
Flexible Field Validation Added.
Many online research sites provide a field into which users can enter a reference code. This will then be used by the customer when reconciling invoices. Law firms, for example, will often enter a client matter number into this field. Knowing that the codes entered are valid is a huge challenge faced by organisations.
To solve the validation problem Priory have developed a way to validate the entries on any field on a web page. For example, a law firm can specify, per site, what fields on a web page need to have valid client matter numbers entered.
"This represents another reason why our solution is the right choice to manage online research," says Priory's Peter Borchers. "Whilst the larger information vendors offer validation tools, they are specific to their service. Not only does our field validation work with any site, but it is also compatible with the major vendors' validation systems".
1st November 2004
Vogel & Vogel
Paris law firm Vogel et Vogel have installed Priory Solutions' online research cost recovery solution. They have deployed the system to their key online researchers and are making use of the French language version of the client interface. Approximately five legal research web sites are being tracked, some by time and some by activity.
9th October 2004
Product Launch
Priory Solutions has launched its online research cost recovery solution, which enables firms to recover the costs of online research.
Law firms spend large sums on research each year, and in some cases it can rise to over a million pounds. Previously seen as an unrecoverable expense, firms are now starting to pass research costs onto their clients, along with other more traditional disbursements.
Director Phillip Markwick points out that "A year ago the recovery of online research costs was something UK and European law firms were just starting to consider. Many firms have now made the move to recover online costs, but to do so they are using time-consuming, manual, paper-based systems. Our solution captures research at the time it is carried out and assigns the cost instantly to the correct client account within the firm's billing system" .