FOR IMMEDIATE RELEASE

Contact:
Public Relations
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Compliguard™ Protect Provides Skadden Industry-leading Information Barriers, Ethical Walls and Unusual Activity Monitoring Capabilities

New York City — (February 25, 2010) – The Frayman Group (“TFG”), a leading provider of new business intake and risk management software for law firms, today announced that Skadden, Arps, Slate, Meager and Flom LLP & Affiliates (“Skadden”) has selected Compliguard Protect, the legal industry’s most comprehensive information barriers, ethical walls and unusual activity monitoring system, to proactively secure and protect information across the firm’s information repositories on a global scale.

Skadden is the top law firm for the Fortune 100 recognized for leadership in global bankruptcy, restructuring and M&A representations. The Firm will leverage Compliguard Protect to reduce risk exposure and guard information recognized as sensitive for ethical, privacy or confidentiality reasons by establishing, maintaining, monitoring and updating information barriers to automatically prevent unauthorized or unintended access.

For Skadden, the selection of a technology platform to help secure and protect information repositories firm-wide went deeper than Compliguard’s features and functionality. It was equally important to look at the credentials and capabilities of the vendor, and measure the vendor’s ability to consistently deliver domain expertise, quality work, well-defined maintenance and support practices and overall professionalism. According to Skadden’s Technology Group, “The Frayman Group has proven itself in all these areas over the years.”

Compliguard Protect is a comprehensive information barriers system that delivers a better way for firms to safeguard themselves from inadvertent and malicious breaches via automated information barrier set-up and real-time monitoring, maintenance and alerts. The software provides a comprehensive audit trail of all user and system activity for optimal firm protection. Compliguard Protect was built on a Service Oriented Architecture with all functionality accessible through Web Services APIs for easy, out-of-the-box integration with leading vendor document management, records management, time and billing and email systems.

Yuri Frayman, CEO and President of The Frayman Group commented, “We’ve taken a business-centric, comprehensive approach to developing risk management solutions for law firms, with information barriers being a core pillar of that risk infrastructure. We’re thrilled that leading law firms such as Skadden recognize that investments in risk management technology are also investments toward the future of the business overall.”

TFG’s longstanding working relationship with Skadden includes the recent development and deployment of an interactive conflicts resolution system. Compliguard Protect is part of The Frayman Group’s patent-pending, end-to-end risk management suite, which also includes Compliguard Flow for new business intake, Compliguard Clear for interactive conflicts resolution and the Compliguard Analyze conflicts management system. For more information about TFG’s risk management consulting services and Compliguard end-to-end risk management software suite, visit www.fraymangroup.com.

About The Frayman Group

The Frayman Group, a leading provider of software and services for law firms, combines industry expertise with innovative technology to help customers automate business processes, mitigate risk, manage compliance and improve competitiveness. The company is headquartered in New York City. For more information, visit www.fraymangroup.com.

About Skadden
Skadden, Arps, Slate, Meagher & Flom LLP and Affiliates is an international law firm with more than 1,800 attorneys in 24 offices throughout the world. Skadden, Arps provides a broad range of legal services to the corporate, industrial and financial communities representing a broad spectrum of clients, from small high-technology start-up companies to nearly one half of the Fortune 250 industrial and service corporations, as well as many financial and governmental entities. Further information about Skadden, Arps is available at www.skadden.com.

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Contact:
Public Relations
The Frayman Group
press@fraymangroup.com

New Version 4.5 Features Unusual Activity Monitoring and an Attorney Portal with SharePoint 
Web Parts to Better Support Business and Risk Management Initiatives

New York City — (February 24, 2010) – The Frayman Group (“TFG”), a leading provider of new business intake and risk management software for law firms, today announced the upcoming release of Compliguard Protect version 4.5, the legal industry’s most comprehensive information barriers and ethical walls system. Compliguard Protect 4.5 features new, market-leading capabilities to simplify risk management and support business goals, including unusual activity monitoring, a wizard-driven user interface, more wall templates and SharePoint Web Parts for lawyers.

Law firms need to restrict access to sensitive information for myriad reasons, including conflict-of-interest, ethical, business, privacy and confidentiality requirements as set by clients, regulators, governing authorities and firm risk professionals. However, managing access on a firm-wide scale across multiple users and systems is an IT challenge that can have significant business consequences. Compliguard Protect reduces a firm’s risk exposure by proactively establishing, maintaining, monitoring and updating information barriers and ethical walls to prevent unauthorized or unintended access to information across numerous data repositories on a global scale. For optimal firm protection, the software provides real-time alerts as well as a comprehensive audit trail of all user and system activity.

Compliguard Protect 4.5 includes advanced new features and enhancements that add to the simplicity, speed and effectiveness of the system:

• Unusual Activity Monitoring – proactively provides alerts and notifications of unusual activity at the user and information repository levels that could indicate a problem, including uncharacteristic or frequent viewings, emailing and printing of files in the document management system. An automated lockdown feature shuts off access, down to the individual user level, based on pre-set thresholds.
• “My Walls” Web Parts – gives lawyers easy access for viewing walls and issuing wall requests through their SharePoint environment. Available “My Walls” Web Parts allow users to identify walls that they’re part of and why; view outstanding wall memos for acknowledgement per firm risk policies; lookup access rights to a particular client or matter; and request new walls. Plus, this feature enables partners to see all walls related to their clients, matters and staff.
• Wizards and Templates – delivers a more intuitive experience through a powerful new wizard-driven user interface that simplifies and automates wall creation. Templates allow wall administrators to create, save and reuse the most commonly used settings for new walls.
• Barriers Control Center – a visual dashboard tailored to roles delivers a snapshot of the system and easy access to common tasks.
• Integrated, Customizable Memorandums – simplifies the issuance of memos and reminders, including user authorization and acknowledgement tracking to ensure full compliance, with a memorandum editor to customize on a system-wide or per wall basis.
• Enhanced Reporting – more out of the box reports for various activity tracking as well as simplified access to report data via published APIs for in-house report creation and scheduling.

“Compliguard Protect 4.5 speaks to The Frayman Group’s enterprise class product management and software development practices,” said John Kruse, Director of Records and Conflicts Administration, Cadwalader, Wickersham  & Taft LLP.   “We are looking forward to deploying the new version with enhanced functionality to better take advantage of Compliguard Protect in our risk management practices.”

“Information barriers are a key component of a firm’s risk management foundation, which is critical to the vitality of the business overall,” said Yuri Frayman, President & CEO, The Frayman Group. “The enhancement and new features in Compliguard Protect 4.5 are there to help law firms better address their information barriers requirements with full consideration of the underlying business drivers.”

Compliguard Protect is part of The Frayman Group’s patent-pending, end-to-end risk management suite, which also includes Compliguard Flow for new business and lateral hire intake, Compliguard Clear for interactive conflicts resolution and the Compliguard Analyze conflicts management system. For more information about TFG’s risk management consulting services and Compliguard end-to-end risk management software suite, visit www.fraymangroup.com.

Availability: Compliguard Protect 4.5 is expected to be generally available in Q1 2010.

About The Frayman Group

The Frayman Group, a leading provider of software and services for law firms, combines industry expertise with innovative technology to help customers automate business processes, mitigate risk, manage compliance and improve competitiveness. The company is headquartered in New York City. For more information, visit www.fraymangroup.com.

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Contact:
Public Relations
The Frayman Group
press@fraymangroup.com

Proskauer Rose Speeds Up New Business Review and Acceptance with Frayman Group’s Mobile Conflicts Reporting

Frayman Risk Management Consulting Team Developed the Extended
LegalKEY® Conflicts Reporting Capability to Support Blackberry Smartphone Users

New York City — (February 2, 2010) – The Frayman Group (TFG), a leading provider of risk management software and services for law firms, today announced that international law firm Proskauer Rose LLP (Proskauer) has enhanced its new business review and approval process by implementing a firm-wide mobile conflicts reporting capability. This will enable the Firm’s lawyers to easily review and respond to conflicts reports via their Blackberry^® handheld devices.

Founded in 1875, Proskauer made a strategic decision to modernize its conflicts clearance process to streamline report routing and approvals, thereby reducing lawyer time spent reviewing voluminous reports, and recognizing that today’s workforce needs to conduct business via email inboxes, not office desk inboxes.

TFG’s risk management consulting division developed Proskauer’s custom mobile conflicts reporting capability, which integrates with the Firm’s reliable LegalKEY^® Conflicts Management system and TFG’s Compliguard™ Flow New Business Intake system.

The newly rolled-out mobile conflicts reporting functionality enables Proskauer’s conflicts analysts to perform searches using LegalKEY and then disseminate results, using TFG’s custom-developed mobile reports, to the requesting lawyer and other involved lawyers via email in a format specifically-designed for the Blackberry. The reports leverage smart logic to provide relevant results that prioritize hits and specify required action, tailored to the small screen real estate of the Blackberry smartphone. The new mobile conflicts reporting capabilities enable the firm to clear conflicts faster, thereby improving the Firm’s competitive edge and increasing the likelihood of engaging in billable work sooner.

“The Frayman Group’s in-depth knowledge of new business inception requirements and the latest conflicts clearing technology allowed us to strategically extend the value of our existing conflicts management and client intake system investments, while adding significant advantages,” said Derick Arthur, Conflicts/Records Manager for Proskauer. “Conflicts results are transformed into quick and comprehensive summaries that deliver speed and efficiency without compromising thoroughness. The TFG team was our true partner in developing this innovative and invaluable application.”

Yelena Chervinsky, TFG’s Vice President of Risk Management Consulting who led the project development and rollout commented, “Leading global law firms like Proskauer recognize that modernizing existing practices and systems can provide a significant strategic advantage in securing new business, while at the same time improving operational efficiency and mitigating risk on a firm-wide basis.”

TFG has developed similar conflicts reporting enhancements for other large multinational firms that also use the market-leading LegalKEY Conflicts Management for its reliable and thorough conflicts search capabilities. These firms now require more a modernized approach to support the review and approval part of the process via the web and smartphones, including the Blackberry, Palm and iPhone.

TFG’s mobile conflicts reporting functionality expands upon a longstanding working relationship with Proskauer that includes full-service LegalKEY Conflicts Management and Records Management upgrades and Compliguard Flow implementation. For more information about TFG’s risk management consulting services and Compliguard end-to-end risk management software suite, visit fraymangroup.com.

About The Frayman Group

The Frayman Group, a leading provider of software and services for law firms, combines industry expertise with innovative technology to help customers automate business processes, mitigate risk, manage compliance and improve competitiveness. The Frayman Group has 19 years of experience supporting 150,000 lawyers in over 270 law firms worldwide. The company is headquartered in New York City. For more information, visit fraymangroup.com.

About Proskauer Rose LLP
Proskauer, founded in 1875, is an international law firm providing a wide variety of legal services to clients worldwide from offices in Boca Raton, Boston, Chicago, Hong Kong, London, Los Angeles, New Orleans, New York, Newark, Paris, São Paulo, and Washington, D.C.

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Contact:
Public Relations
The Frayman Group
press@fraymangroup.com

Unveils Compliguard Suite, Patent-Pending Risk Management Platform for Law Firms

New York City — (February 1, 2010) – The Frayman Group (TFG) (fraymangroup.com), a leading provider of risk management software and services for law firms, today launched Compliguard™ Suite, a patent-pending, end-to-end risk management platform for law firms. Effectively aligning the risk and conflicts departments’ activities with the firm’s business goals, Compliguard Suite provides law firms with a clear competitive edge, allowing them to systematically mitigate risks across the business while significantly reducing the time it takes to incept new business.

Compliguard Suite is designed from the ground up using patent-pending technology to automate, streamline and accelerate key risk-related processes, including taking on new business for law firms. Delivering a holistic approach, the suite encompasses applications that deliver functionality for new business inception and lateral hire intake workflows, conflicts management, collaborative conflicts clearing and ethical walls.

Compliguard Suite empowers today’s mobile workforce with 24/7 operation, automates repetitive tasks leveraging rules and analytics, facilitates collaborative clearance of conflicts with full audit trail for compliance, automates ongoing monitoring of clients, and establishes and maintains ethical walls. The suite leverages and seamlessly integrates with firms’ existing technology investments, while delivering a world-class end user experience.

“The Frayman Group was able to leverage their expertise in risk management to deliver a product suite that promises to be game-changing,” said John Kruse, Director of Records and Conflicts Administration at Cadwalader, Wickersham & Taft LLP. “We share Frayman Group’s vision for a holistic approach to risk management, delivering automation and leveraging analytics to speed up conflicts management and clearance process to deliver a true competitive edge.”

Compliguard Suite consists of:

• Compliguard Flow™ – Built on the robust Windows Workflow Foundation, Compliguard Flow handles new business inception and lateral hire intake workflows with power and agility, while exposing a rich workflow platform for defining additional workflows. The application allows firms to get up and running in a fraction of time and cost required by a cumbersome workflow toolkit.
• Compliguard Analyze™ – Eliminating the traditional bottleneck of conflicts management, Compliguard Analyze brings speed, smart automation and mobility to this mission-critical process. Conflicts participants can participate via e-mail and mobile devices to begin a conflicts search, initiating the system which then determines the best search strategy, performs the search, and compiles and ranks results automatically, ready for review by a senior analyst.
• Compliguard Clear™ – Built for today’s mobile law firm, Compliguard Clear enables the most interactive, collaborative conflicts clearance process for staff through a browser or in email, using the iPhone® or Blackberry®. Leveraging firms’ existing Microsoft Exchange infrastructure, the application captures all conversations during the clearance process and ensures full audit trail and documentation to answer potential future inquiries.
• Compliguard Protect™ – As a state-of-the art ethical walls and information barriers solution, Compliguard Protect provides full automation and self-maintenance, while simultaneously monitoring for unusual activity within the firm. The system is fully secure and non-intrusive to firm staff, and provides a detailed audit trail for compliance purposes.

“Risk management for law firms has evolved beyond the capabilities of a good search engine, “ added Kruse. “Firms don’t just need search, they need to truly modernize and speed up the new business intake process.”

“With Compliguard Suite, we are taking risk management to the next level, giving firms a chance to reap the benefits of their investment in their risk departments,” said Yuri Frayman, President & CEO of The Frayman Group. “Our use of patent-pending technology raises the bar, intelligently automating and streamlining what were previously manual, repetitive tasks and enabling an accelerated but business-aware new intake process, ultimately designed to increase our clients’ odds of winning new business.”

Compliguard Suite is developed as a partner-ready platform and provides published Web Services APIs to facilitate integration with law firm systems, applications, and third party partner extensions.

“The Frayman Group are the foremost risk management experts for the legal industry,” said Todd Partridge, Vice President and General Manager of eDOCS Solution Group at Open Text Corporation. “Open Text continues to focus on building a comprehensive partner ecosystem to better serve its law firm customers. Our partnership with Frayman allows us to combine our strengths to provide products and services that are designed from the ground up to address risk management needs of our law firm customers.”

Availability: Compliguard Flow and Compliguard Protect are available now. Compliguard Analyze and Compliguard Clear are expected to be generally available in Q3 2010.

For more information about the Compliguard Suite visit: http://fraymangroup.com/solutions/end-to-end-risk-management.

About The Frayman Group

The Frayman Group, a leading provider of software and services for law firms, combines industry expertise with innovative technology to help customers automate business processes, mitigate risk, manage compliance and improve competitiveness. The Frayman Group has 19 years of experience supporting 150,000 lawyers in over 270 law firms worldwide. The company is headquartered in New York City. For more information, visit fraymangroup.com.

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Investment Banker to Lend Strategic Insight to Take
Innovative Technology Company to New Heights

New York City — (January 12, 2010) – The Frayman Group, a leading provider of risk management software and services for law firms, today announced that Needham & Company, LLC Chairman Andrew Malik has joined The Frayman Group’s Board of Directors. The Frayman Group is redefining the new business intake process for law firms through Compliguard, a comprehensive end-to-end risk management software suite.

“The visionary approach that The Frayman Group is taking in developing disruptive technologies for law firms is exciting,” Malik said. “The Company is building an intelligent platform to help law firms grow their business strategically, while simultaneously managing risk on a global scale. This game-changing approach is a huge leap forward and showcases the company’s understanding of technology-fueled business expansions — reminiscent of the financial services sector a decade ago, but with lessons learned.”

Malik has worked on more than 1,000 equity, debt and M&A transactions throughout his career. He is currently the Chairman of Needham & Company, LLC, a privately-held, full-service investment bank. Prior to Needham, Malik spent 21 years at Lehman Brothers, where he was a Partner and subsequently a Managing Director. During his Lehman tenure, Malik served as Head of Technology Capital Markets and Head of the Banking Development Group. Prior to Lehman Brothers, Malik ran Capital Markets and Institutional Sales for C.E. Unterberg, Towbin (which became L.F. Rothschild, Unterberg, Towbin) for more than a decade. Earlier in his career, he was a security analyst with Josephthal & Co. and a Partner in charge of Institutional Sales with Muriel Siebert &Co. Malik has served on the Board of Directors of several technology companies and venture firms, including a number of years as Chairman of the Audit Committee of Hummingbird, and he has lectured extensively on financial industry and venture capital-related topics.

“We’re very excited to have Andrew Malik join our Board of Directors,” said Yuri Frayman, CEO, The Frayman Group. “Malik brings a wealth of business expertise and strategic contacts that will help us to guide our efforts and build our business up on a global scale.”

For more information about The Frayman Group or the Compliguard end-to-end risk management suite, which includes software for new business intake, collaborative mobile conflicts clearing, conflicts management, lateral intake, and information barriers and ethical walls, visit

fraymangroup.com

About The Frayman Group

The Frayman Group, a leading provider of software and services for law firms, combines industry expertise with innovative technology to help customers automate business processes, mitigate risk, manage compliance and improve competitiveness. The Frayman Group brings 18 years of experience supporting 150,000 lawyers in over 270 law firms worldwide. For more information, visit fraymangroup.com.

Compliguard Protect Safeguards Confidential Information Across Firm’s Critical Systems

New York City — (January 6, 2010) – The Frayman Group (TFG), a leading provider of risk management software and services for law firms, today announced that Shearman & Sterling LLP has chosen the Compliguard Protect™ ethical walls and information barriers application to proactively secure and protect information across critical systems and applications firm-wide. TFG will install Compliguard Protect at the Firm’s offices this year.

Shearman & Sterling has approximately 900 attorneys in 20 offices throughout the world. The Firm chose Compliguard Protect after a detailed analysis because of the Firm’s confidence in TFG’s technology and flexible approach to client service. Compliguard Protect integrates with both Open Text LegalKEY® systems, which TFG has deployed for Shearman & Sterling, and Compliguard Flow, which the Firm has already purchased.

Compliguard Protect, designed specifically for law firms, protects sensitive information and reduces risk exposure by establishing, maintaining, monitoring and updating screens to proactively prevent unauthorized or unintended access. Compliguard Protect is part of the Compliguard Suite – The Frayman Group’s end-to-end risk management platform, designed to automate and enhance new business intake and lateral hire intake processes of law firms, including new business workflows, conflicts management, conflicts clearance, and ethical walls.

“Our firm is taking a comprehensive approach to our risk management modernization program,” said Mark Corradi, Director, Business Services & Project Management at Shearman & Sterling. “Compliguard Protect is the next technological component in this program. After a comprehensive review of commercially available products on the market, we chose The Frayman Group to deliver the firm’s software foundation for ethical walls.”

Judy Berman, Shearman & Sterling’s Manager of Conflicts & Compliance, remarked, “I am very excited to be working with The Frayman Group due to their fabulous unified vision for conflicts management. Their Compliguard system is very complete, secure and accurate and it will greatly increase our department’s efficiency, from both a time management and workflow perspective. From running and analyzing searches to resolving potential conflicts to setting up ethical walls when needed, The Frayman Group’s technology is a great time saver for our Firm and an essential addition to our available resources.”

According to Yuri Frayman, President and CEO of The Frayman Group, “We are very pleased that Shearman & Sterling has chosen Compliguard Protect to establish and monitor ethical walls, another important step in line with their adoption of a complete, end-to-end risk management strategy. We are looking forward to working with the risk management experts at the firm to secure their critical systems.”

For more information about The Frayman Group’s end-to-end Compliguard risk management suite, including Compliguard Protect, visit fraymangroup.com.

About The Frayman Group

The Frayman Group, a leading provider of software and services for law firms, combines industry expertise with innovative technology to help customers automate business processes, mitigate risk, manage compliance and improve competitiveness. The Frayman Group has 19 years of experience supporting 150,000 lawyers in over 270 law firms worldwide. The company is headquartered in New York City. For more information, visit fraymangroup.com.

About Shearman & Sterling

With 900 attorneys across 20 offices worldwide, Shearman & Sterling has been advising many of the world’s leading corporations and financial institutions, governments and governmental organizations for more than 135 years. For more information, visit www.shearman.com.

Compliguard Protect™ enables global law firm to reduce risk exposure by safeguarding access to sensitive information

New York City — (January 5, 2010) – The Frayman Group, a leading provider of risk management software and services for law firms, today announced that Akin Gump Strauss Hauer & Feld LLP has chosen Compliguard Protect ethical walls and information barriers software system to proactively secure and protect information on a firm-wide basis. In addition to features and functionality, The Frayman Group’s domain expertise, 18-year history of successful risk management software implementations and long-standing track record of exemplary customer service were key factors in Akin Gump’s selection.

Akin Gump, a leading global law firm with more than 800 lawyers throughout the U.S, Europe, Asia and the Middle East, needed a comprehensive, automated system to set-up, track and manage access to information across the firm’s numerous offices and information repositories. Compliguard Protect, designed specifically for law firms, protects sensitive information and reduces risk exposure by establishing, maintaining, monitoring and updating screens to proactively prevent unauthorized or unintended access.

“Compliguard Protect is a stellar system from a trusted vendor with a proven track record of understanding law firm risk management issues and developing and delivering software to address those issues,” said Lorey A. Hoffman, CIO, Akin Gump. “The system will enable us to consistently secure content across our critical firm systems from a single point of entry, in real-time.”

The Frayman Group will work in cooperation with Akin Gump’s risk management and IT professionals to implement Compliguard Protect, which will integrate with and lock down the firm’s new business intake, conflicts management, records management, document management, and time entry systems.

“We’ve worked closely with The Frayman Group team on numerous software installations and consulting projects for more than six years and have found them to operate more like a partner, than a vendor,” said Gerry Urich, Director of Business Acceptance. “That’s why we continue to

look to The Frayman Group for leading-edge risk management solutions and related consulting services. Every piece of software they’ve ever delivered has been a reliable workhorse, and we’re confident Compliguard Protect will be no exception.”

The Frayman Group’s team of risk professionals is also managing Akin Gump’s full-service LegalKEY Conflicts Management upgrade, and is providing consulting and implementation services for the firm’s LegalKEY New Business Intake implementation.

For more information about The Frayman Group’s end-to-end risk management suite, including Compliguard Protect, visit fraymangroup.com.

About The Frayman Group

The Frayman Group, a leading provider of software and services for law firms, combines industry expertise with innovative technology to help customers automate business processes, mitigate risk, manage compliance and improve competitiveness. The Frayman Group brings 18 years of experience supporting 150,000 lawyers in over 270 law firms worldwide. For more information, visit fraymangroup.com.

About Akin Gump

Founded in 1945, Akin Gump Strauss Hauer & Feld LLP, a leading international law firm, numbers more than 800 lawyers and advisors in the United States, Europe, Asia and the Middle East.

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