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News Release-- June 16, 2005
CSC LICENSES LEGAL MANAGEMENT SOFTWARE TO TWO INSURERS
CSC’s Legal Solutions Suite to Boost Cost Savings, Efficiency and Communication
EL SEGUNDO, Calif., June 16, 2005 – Computer Sciences Corporation (NYSE: CSC) today announced that two insurers have licensed its legal management software. The PMA Insurance Group, a premier property and casualty insurer specializing in workers compensation, and MAG Mutual Insurance Company, the largest physician-owned medical professional liability insurer in the Southeastern U.S., will use components of CSC’s Legal Solutions Suite to manage legal expenditures and improve processes and communication with outside legal counsel.
CSC’s Legal Solutions Suite, formerly known as LitigationAdvisor, is Web based and includes Legal e-Bill, Legal Bill Analyzer and Legal Matter Manager. It automates core legal management processes and provides integrated electronic invoicing to help insurers work more effectively with their law firms.
MAG Mutual will integrate the Legal Solutions Suite with CSC’s POINT IN policy and claims management software, which the insurer has been using since 1996.
“We chose CSC’s legal management software to enhance our loss adjustment expense cost controls and provide additional value to our defense attorneys by offering them productivity gains and advanced technology through electronic invoicing and systems access,” said Alan Mercaldo, MAG Mutual Insurance Company vice president and chief information officer.
The PMA Insurance Group will use CSC’s Legal e-Bill and Legal Bill Analyzer to manage its legal expenditures and automate its litigation management program. Automated bill review lets case managers set guidelines for rates and allowable charges by outside counsel. Outside law firms can then review their invoices before they submit them over the Internet and get immediate feedback on errors or areas that need clarification, minimizing the number of invoices that must be reviewed by hand and reducing associated expenses.
“CSC has extensive experience helping organizations manage their work with outside counsel, and we appreciate the confidence these insurers have placed in us,” said Ed Charlton, vice president of CSC’s Claims, Legal and Self-Insured Solutions. “With the rapid rise of tort-related expenses, insurers are seeing real results from the process improvements and cost review capabilities our legal management software offers.”
About CSC
Founded in 1959, Computer Sciences Corporation is a leading global information technology (IT) services company. CSC's mission is to provide customers in industry and government with solutions crafted to meet their specific challenges and enable them to profit from the advanced use of technology.
With approximately 79,000 employees, CSC provides innovative solutions for customers around the world by applying leading technologies and CSC's own advanced capabilities. These include systems design and integration; IT and business process outsourcing; applications software development; Web and application hosting; and management consulting. Headquartered in El Segundo, Calif., CSC reported revenue of $14.1 billion from continuing operations for the 12 months ended April 1, 2005. For more information, visit the company’s Web site at www.csc.com.
