KANSAS CITY, Kan., Dec. 9, 2008 (GLOBE NEWSWIRE) -- Epiq Systems, Inc. (Nasdaq:EPIQ), a leading provider of technology solutions for the legal profession, today provided an update on expanded business resources in response to increased bankruptcy filings.
-- The company continues to experience significant growth in new corporate restructuring engagements, including Lehman Brothers Holdings Inc., the largest bankruptcy in history. -- Responding to increasing business volume, the company has opened an additional corporate restructuring office facility in Connecticut and has added over a dozen seasoned bankruptcy professionals to its roster of subject matter experts. -- With full-service bankruptcy case management capabilities in New York, Portland, and the newly opened Connecticut office, Epiq Systems offers unparalleled capacity to serve the burgeoning restructuring market and to respond to large, fast-paced engagements. In addition to the company's New York office, comprised of the industry's most experienced bankruptcy experts, the company's expansive Portland facility provides clients with advantageous Pacific Time zone capabilities and deep experience supporting high-volume noticing and case management requirements for large corporate bankruptcy engagements. -- In its Chapter 7 bankruptcy trustee services business, the company has experienced a significant recent increase in aggregate deposit balances from new business that have an offsetting effect on pricing related to lower short-term interest rates in today's environment. -- According to the Administrative Office for U.S. Courts, bankruptcy filings are near the one million mark for a 12-month period, totaling 967,831 for the year ending June 30, 2008, up 29 percent compared to filings for the year ending June 30, 2007.
About Epiq Systems
Epiq Systems is a leading provider of integrated technology solutions for the legal profession. Our solutions streamline the administration of bankruptcy, litigation, financial transactions and regulatory compliance matters. We offer innovative technology solutions for electronic discovery, document review, legal notification, claims administration and controlled disbursement. Our clients include leading law firms, corporate legal departments, bankruptcy trustees and other professional advisors who require innovative technology, responsive service and deep subject-matter expertise. For more information, visit us online at www.epiqsystems.com.
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