FTI Consulting Crumbles on iManage Deal

FTI Consulting, Inc. (NYSE: FCN) today announced that the firm’s Technology segment has entered into a teaming agreement with iManage, the company “dedicated to Making Knowledge Work™”. This alliance will support FTI Technology’s Corporate Legal Operations practice in providing clients with cloud-based, fit-for-purpose solutions to solve legal department and law firm knowledge work-related challenges.“The majority of legal departments anticipate an increase in their use of technology platforms that support automation and knowledge management for their organizations,” said Managing Director Mike Ferrara. “As clients look to capitalize on their existing investments in document management or unlock new opportunities through artificial intelligence capabilities, our global team brings expertise and collaboration with iManage to support technology assessment, road mapping, implementation, adoption and more.”Serving large, global enterprises and law firms, iManage enables legal teams to manage high-value legal content more efficiently and securely, while empowering counsel to collaborate and meet complex document management demands across their organization. Through this alliance, FTI Technology will help clients implement knowledge management and collaboration workflows and systems that enhance productivity, deliver insight and improve efficiency for counsel.FCN shares slumped $5.53, or 2.8%, to $189.82.