First Canadian Title and Carswell to Provide Integrated Real Estate Legal Software

July 4, 2000, MISSISSAUGA, Ontario and SCARBOROUGH, Ontario

First Canadian Title, Canada's pioneer and leading provider of title insurance and real estate related products and services, and Carswell, Canada's leading provider of specialized information for legal professionals, have joined forces to provide the first fully integrated legal software that streamlines and automates the conveyancing process for lawyers who practice real estate law in Ontario.

Beginning September 2000, real estate lawyers who use CARSware -- a fully integrated suite of compliance software products designed to help lawyers operate more efficiently -- will save time and money with direct access to title insurance and Home Closing Services from First Canadian Title. Integrated into the real estate module of CARSware, title insurance and Home Closing Services can help streamline a lawyer's practice, minimize liability and reduce closing-day challenges. CARSware's workflow changes depending on whether or not a lawyer uses title insurance as part of a transaction, making this software easy to use.

Ordering First Canadian title insurance policies using CARSware will reduce or even eliminate the lawyer's license and service fees, depending on volume.

"First Canadian Title is pleased to have allied itself with the company renowned for providing legal professionals with information that empowers them to do their jobs more effectively," said First Canadian Title chief executive officer Tom Grifferty. "Title insurance ordered through CARSware provides the Canadian real estate lawyer with an innovative way to streamline, simplify and protect real estate transactions."

"This joint initiative will provide real value to our legal customers in Ontario," said Carswell president and chief executive officer Don Van Meer. "This strengthens CARSware's position as the most innovative legal work solution for the Ontario marketplace."

The country's leading provider of title insurance and real estate related products and services, First Canadian Title pioneered the concept of title insurance in Canada, introducing it to the country in 1991. Last year alone, title insurance from First Canadian Title protected more than 135,000 real estate transactions, allowing them to close quickly and smoothly with complete security. First Canadian Title offers customers a number of valuable products and services including title insurance for both residential and commercial transactions, customized title insured lender programs, home closing services, home warranty products and real estate tax services. Based in Mississauga, with offices throughout Canada, First Canadian Title is a wholly owned subsidiary of First American Title Insurance Company. All title insurance policies are underwritten and issued by First American Title Insurance Company.

Established in 1864, Carswell, a division of The Thomson Corporation, is Canada's largest provider of information solutions for law, tax, accounting and business professionals. Carswell is based in Toronto with offices across the country, providing Canadian business professionals with legal and regulatory information solutions in all formats - from traditional print products to Internet-based offerings. The Thomson Corporation (TSE:TOC) is a leading global e-information and solutions company in the business and professional marketplace with annual revenues approaching US$6 billion.


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