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Technology Stocks : VerticalNet, Inc. [VERT]

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To: ColtonGang who wrote (962)9/18/2000 5:12:27 PM
From: Volsi Mimir  Read Replies (1) of 1094
 
interesting news... how about VERT and iBidLaw...
nothing like efficient lawyers.

VerticalNet Solutions Selected by iBidLaw to Build Digital Marketplace; iBidLaw

to Launch Legal
Services Exchange

Business Editors, High-Tech Writers

SAN FRANCISCO--(BUSINESS WIRE)--Sept. 18, 2000--VerticalNet
Solutions, an innovator in building digital marketplaces, and a
division of VerticalNet, Inc. (Nasdaq:VERT), the Internet's leading
network of business-to-business commerce communities, today announced
that it was selected by iBidLaw to create its online marketplace for
legal services serving in-house legal counsel and law firms.
iBidLaw will use VerticalNet eMarketplace Suite(TM) to increase
effectiveness in identifying and engaging providers of legal services.
"Digital marketplace solutions will help eliminate inefficiencies
in the legal industry," said Zev Laderman, president and CEO of
VerticalNet Solutions. "We're very excited about the value proposition
our online trading platform, along with iBidLaw, will deliver to the
legal services industry."
iBidLaw will provide a comprehensive legal exchange web site that
will allow corporate law departments and other buyers of legal
services to post available work for bid by qualified law firms. The
site will offer commerce, content and community to both buyers and
sellers of legal services, including real-time market bidding on legal
services. By utilizing VerticalNet Solutions' multi-parameter matching
technology and iBidLaw's extensive catalog of information, buyers of
legal services will be able to make more informed decisions when
selecting lawyers and law firms. Law firms will compete on a more
objective basis, in a broader potential market, and with a lower
marketing investment.
..............more from Business Wire
(got it from bridge)
bought today.
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