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If you aren’t sure whether enterprise legal management (ELM) services are a worthwhile endeavor for legal departments, look no further than ELM solutions provider Mitratech. The Austin, Texas-based company recently announced several record-breaking figures proving that more companies are adopting legal technologies in the face of material risk and cost reductions.

Mitratech’s most recent fiscal year, which wrapped up on Jan. 31, marked the company’s most successful in its 30-year history, according to Mitratech CEO Jason Parkman.

“As global corporations grapple with increasingly material risk, legal departments are looking for trusted, reliable, and growing partners that enable them to minimize risk, create business value, and lower total legal spend. I am incredibly proud that the investments we’ve made over the last few years have delivered on these commitments to our clients,” Parkman said in a statement.

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