Advances in technology are constantly improving the ways we approach dispute resolution. Increasing savings in both time and cost will lead to further efficiencies for all parties, thus reducing the strain on our already overburdened judicial system. Epiq is at the forefront of innovation in the industry, creating proprietary technologies that will change case preparation and management for the better. Epiq has developed a new platform, TMX, which launches in Australia this year, to meet our clients’ needs for streamlined document management and collaborative case preparation.
Collaboration within, and between, parties is especially relevant in the case of arbitrations. IAMA’s Labour Arbitration Rules state in rule 22 that: “The arbitrator may … direct that procedures aimed at shortening proceedings and minimising costs be adopted” and that “documents and reports, on which the parties are going to rely, are to be exchanged by the parties prior to the hearing and as many as is possible should be incorporated in a bundle of agreed documents which bundle is tendered as evidence at the beginning of the hearing.”
Following such directives will ensure the most efficient outcome for everyone involved in an arbitration. By embracing process improvements and enhancing their effectiveness with new technologies, cost and time savings can be immense.
Parties to an arbitration need efficient collaboration between the in-house team, clients, and any other stakeholders involved, particularly when operating across borders. Globalisation and the increased interconnectivity between those on different continents means everyone must adapt to change. TMX addresses these challenges, with the aim of ensuring users experience improved collaboration and organisation both pre-hearing and once proceedings commence.
What is TMX?
TMX is a secure, flexible, and highly scalable sharing platform with wide-reaching potential worldwide. For legal professionals such as barristers, solicitors, and arbitrators, TMX delivers an adaptable experience whose purpose is to bridge the gap between the discovery process and the hearing room.
The costs and logistical burdens surrounding any matter can be intimidating to even the most prepared legal teams. From smaller, local hearings to enormous, multinational arbitrations, optimisation of work processes should be the number one priority, and technology should be utilised in the most appropriate way to benefit all participants.
TMX gives users the ability to effortlessly work together to assemble electronic bundles in preparation for arbitrations, court hearings, depositions, and trials. TMX allows bundle creation in a flexible and familiar manner, with features including searching, annotation, paginating, tagging, hyperlinking, folder structuring, and index generation.
Additionally, the major benefits of TMX lie in its collaborative potential. TMX enables collaboration between legal teams, experts, and clients in highly scalable and customisable cloud-based workspaces. Convenient online and offline options allow users to access documents from anywhere, every step of the way – from bundle creation to the hearing room and beyond. Integration with various eDiscovery platforms also encourages easy upload of files and document ingestion, whether self-provisioning, so our clients are in complete control of uploading documents when required, or working with Epiq to upload thousands of documents.
Benefits of TMX
Flexible, iterative, pre-hearing document organisation, which allows legal teams to easily collaborate locally and around the world.
Preparing electronic bundles in TMX is easy, with features including bundle creation, pagination, index generation, comprehensive searching, annotation, tagging, and hyperlinking.
Whether working online at the office or offline while travelling, TMX allows users to amend and then consolidate the hearing bundle and upload a variety of native file types – not just PDF. Files can be accessed as an image for annotations and easier viewing, then exported to native view.
TMX enables the tagging and annotation of documents and the ability for users to share or make private annotations, or identify and easily locate important items, increasing accountability and enabling teamwork.
TMX delivers fully integrated technology and services to ensure our clients’ security needs are met. Maintaining the highest levels of security is paramount. The TMX service brings the highest-level security controls and expert staff to every matter, from start to finish.
TMX offers a flexible and transparent pricing model. Prior to commencement we work with our clients to deliver the right pricing for every hearing or arbitration – large or small.
Epiq is a leading global provider of integrated technology, consultative and administrative services for the legal profession. Our solutions streamline the administration of litigation, investigations, financial transactions, regulatory compliance, and other critical business operations.
Epiq subject-matter experts and technologies bring clarity to complexity, create efficiency through expertise, and deliver confidence to high-performing clients around the world.
To learn more about TMX or our other legal solutions contact us at firstname.lastname@example.org or visit epiqglobal.com/en-au