eDiscovery & Compliance

eDiscovery and Compliance the Way they Should Be

One half of the search-powered IRM model addresses eDiscovery and Compliance, which enables an enterprise to proactively manage the litigation, regulatory compliance and internal investigatory risks associated with enterprise information.

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. According to the 2009 edition of the Law360 Litigation Almanac, litigation in US federal courts rose 9% in 2008 - and this upward trend is expected to continue into 2009 and beyond.

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

Utilizing Insite Legal Hold, the industry's most powerful collection tool with built-in processing, in-place assessment, culling and automated analytics, enterprises can now quickly and accurately address multiple steps in the eDiscovery lifecycle including identification, preservation, assessment, collection, processing and culling. Enterprises can now remotely and selectively collect ESI that is responsive to a particular matter -- whether an eDiscovery request, internal investigation or regulatory request -- without the costs, burdens and disruption associated with forensic collections or additional risk associated with custodian self-collection.

Click here to see the benefits and features of Recommind's Insite Legal Hold Software

Employing Axcelerate eDiscovery - which comes integrated with Insite Legal Hold for enterprise customers - enterprises and law firms now have a powerful tool to conduct automated, deep analysis at a pace and with an accuracy never before experienced while actually improving on human-only review accuracy rates. As opposed to legacy review tools that require legal professionals to manually place documents found by basic keyword searches into reviewer-created categories, Axcelerate eDiscovery automatically categorizes and prioritizes documents based not just on keyword frequency but on conceptual meaning and priority as well. The result is a far deeper level of ESI understanding from the outset of the review process and a far more efficient, accurate and cost effective review.

Click here to see the benefits and features of Recommind's Axcelerate eDiscovery Software