ACC & Theorem Announce partnership.
Theorem LTS, the legal technology platform and marketplace, is pleased to announce that the Association of Corporate Counsel (ACC), the world's largest organization dedicated to in-house legal counsel, has chosen Theorem as the platform for its new partner directory and legal tech marketplace.
The platform boasts a suite of new features, including a marketplace and new system that helps users tailor their experience and learn about the tools their peers use. See full release details below.
“We are extremely excited to welcome the ACC’s in-house ecosystem to our network and further our mission to power the world’s legal tech marketplace. This leading organization shares our commitment to collaboration and innovation. Their customer obsession will no doubt improve our community.” – Joshua Maley, CEO Theorem. With more than 45,000 members in 85 countries around the globe, ACC brings together the entire in-house legal ecosystem. While serving the professional and business interests of lawyers from legal departments around the globe, the organization continues to attract the top law firms, professional services and technology vendors looking to engage with top organizations. ACC joins as the tenth major legal organization participating in Theorem’s network offering, a system that empowers organizations to build their very own legal tech platform and marketplace through shared data and infrastructure. The ACC network on Theorem will host proprietary content, deals and insights that are unique to its’ network. However, it is available to both members and non-members.
“Theorem provides a new standard that helps level the playing field and opens new opportunities for connection among in-house legal stakeholders. We can offer more solutions and insight to our members while focusing on our unique value creation, with the flexibility to iterate in response to our members’ needs.” – Moustafa Abdel-Kader, senior director of business development at ACC.
With this partnership, Theorem continues its push to support the in-house vertical and attract more firms and solutions providers to create a flywheel of supply and demand. Like Shopify, many stores are being built on a single platform. “Theorem’s goal is simple: digitize and fix the legal marketplace dynamics. Our partnerships enable new markets and the scale we need to continuously deploy features that help the legal market catch up to other industries. It's also about efficiency – Vendors now have a single platform to manage membership and exposure across the leading legal organizations.”- JM
About The Release Unveiled at ACC In-House 2022, hundreds of vendors and legal professionals from leading law firms, solutions providers, and legal departments have already signed up for the platform. It is available to both members and non-members – with special perks for top ACC partners. The new platform features an advanced vendor directory, a suite of procurement tools, Theorem’s legal tech Stack Share™ for members to share and collaborate on vendor selection and even see who within the network uses which tools. A New Law Firm Marketplace for firms to engage in-house counsel, promote their services and display their tech partners and firm-built product offerings. With over 97% of in-house counsel now requiring firms to describe their dedication and use of technology to be more efficient – while leading organizations continue to demand transparency on price and peer-adoption – it was inevitable that these needs would converge. Where better than through a dedicated in-house network built on the leading digital legal marketplace – Theorem.
See benefits available by user-type below
BENEFITS BY USER TYPE: For In-house & Law firm professionals:
In addition to the advanced feature set that accompanies marketplace access, the new platform hosts several new features to streamline legal operations and procurement, including built-in RFP.
Personalization is available to tailor content and recommendations based on a member’s region or focus, such as by industry, role or practice group – as well as their current technology tool set.
Members can join the ACC legal technology Stack Share for peer insights on who uses what tools, with trusted reviews and the ability to browse by company or tool.
Added for Law Firms:
Law firms receive hybrid access for buy and sell side use cases. In addition to marketplace access for solution discover, law firms receive their own dedicated marketplace for promoting their company’s services, and now have access to business development tools for showcasing their tech and tech-enabled or SaaS offerings in the marketplace.
For Software Vendors and Other Providers: Vendors receive their own dedicated interface. Sponsors and participating vendors can gain enhanced exposure, promote educational content, and add offers to the network. Vendors who are ACC Alliance partners will receive exclusive benefits. Already on Theorem? Existing vendors can easily add ACC to their account. --
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More about networks:
Network administrators can build new markets with the infrastructure to grow their membership. Buyers receive a best-in-class marketplace experience and sellers now have a single platform with many doors to the legal market. The promise is increased standards, greater content quality/accuracy and less friction during procurement.
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