Rising Risks and Costs from Litigation and Regulatory Oversight

In today's business environment the risks and costs due to litigation and regulatory requirements are sky-rocketing, and are not expected to subside any time soon. The average cost to defend a corporate lawsuit now exceeds $1.5 million per case and is growing rapidly.

Precision, accuracy and speed in the search, assessment, collection, processing, culling and analysis of an enterprise's electronically stored information (ESI) is critical due to the amount of ESI that is created and stored in a typical enterprise. Enterprises must comply with increasingly aggressive federal and state procedural requirements in a consistent, defensible manner that minimizes the risk of sanctions for failing to preserve relevant ESI and the resulting risks to an enterprise's reputation and goodwill.  Taking an overly broad approach to eDiscovery and compliance (e.g. saving all enterprise data, forensically imaging every custodian's hard drive in eDiscovery, etc.) simply exacerbates the problem, resulting in far higher risk and out-of-control costs. Finally, an enterprise that relies solely on manual review or out-dated search technologies will also be hard-pressed to meet tight response deadlines while also facing the potential for inadvertent disclosure of privileged material or missing key documents in a proceeding. 

Bigger Challenges Require Better Tools 

In order to meet these challenges, legal professionals (both in-house and outside counsel) need solutions that improve significantly upon the highly manual, keyword-centric first and second-generation tools and approaches of years past. Moreover, legal professionals require tools that facilitate quicker and more accurate early case assessment (ECA) to provide enterprises and their outside counsel with a competitive advantage in terms of evaluating the merits of a case from the very outset, making settlement determinations, and being prepared for the FRCP Rule 26(f) meet and confer process.

Having been a leader in the legal industry for nearly a decade, Recommind understands that enterprises and the legal professionals who serve them eschew point solutions focused solely on linear review, processing or rudimentary culling in favor of eDiscovery solutions which provide myriad time and money-saving benefits - all in a fully integrated, end-to-end platform.

These products include the industry's most accurate and cost effective eDiscovery software solution from identification through assessment, collection, processing, culling, review and production with fully automated deep analytics throughout, comprised of our Axcelerate eDiscovery suite of products.

The Industry's Only End-to-End eDiscovery Software Platform - From Preservation Through Production

Axcelerate ECA & Collection is a module of the fully integrated Axcelerate eDiscovery platform, the industry's only end-to-end solution covering all stages of  eDiscovery and regulatory responses, from an event's outset to trial.  With sophisticated keyword, Boolean and concept search, Explore-in-Place^™ ECA and built-in processing, culling and filtering functionality, Axcelerate ECA & Collection dramatically slashes preservation and collection timelines and costs while delivering far more accurate and consistent event response.  Using its unique Predictive Analytics^™ and Predictive Coding  functionality, Axcelerate Review & Analysis pinpoints key documents quickly while automatically assessing document responsiveness, privilege and issue relation before the review process begins. The result is a better informed, quicker, more accurate and consistent review process that costs 50-90% less than linear review.