LegalTech New York: FTI Technology Helps Corporations and Law Firms Address Top E-Discovery Challenges
26 Janeiro 2010 - 10:30AM
PR Newswire (US)
FTI Software, Services and Consulting Address Key E-Discovery Pain
Points Defined in Latest Analyst Report NEW YORK, Jan. 26
/PRNewswire-FirstCall/ -- FTI Consulting, Inc. (NYSE: FCN), the
global business advisory firm dedicated to helping organizations
protect and enhance their enterprise value, announced that its
comprehensive portfolio of e-discovery software, services and
consulting will be on display at the LegalTech New York conference
beginning February 1. The company's products and services help
corporations and their law firms address key e-discovery pain
points, as highlighted in a recent IDC report, Corporate
E-Discovery Trends 2009: Doing More with Less While Facing
Increasing Complexity in E-Discovery (by Vivian Tero, IDC, November
2009). A complimentary copy of the IDC report can be requested at
the FTI booth (2100) and is also available for download at the FTI
Technology site. "IT departments are under an incredible amount of
pressure to handle more data, for more litigation events, and with
smaller budgets," said Vivian Tero, senior analyst for IDC. "These
pressures are compelling organizations to adopt best practices,
develop technical protocols to automate key processes, and take a
more strategic approach to the acquisition of enabling
technologies." The report, sponsored by FTI Technology, features
the results of an IDC survey of 115 IT professionals on a range of
key e-discovery issues, including budgets, international litigation
and search technology. The results indicate that despite adoption
of a number of e-discovery best practices and technology,
e-discovery is growing increasingly complex and expensive. Legal
matters involve greater volumes of data, take longer to resolve,
are increasingly global in nature, and must be managed under
falling or flat e-discovery budgets. Among the key findings in the
IDC report: -- Multinational litigation is growing more common.
Close to 70% of panelists indicated that their companies are
involved in legal matters with multinational requirements. -- Most
large matters take more than two years to resolve. 64% of
respondents said their largest matter took over two years to
resolve, and 35% indicated that their largest matter lasted for
more than five years. -- Data collection volumes are growing. The
proportion of panelists whose average ESI collection per matter was
larger than 2.5TB increased 18 points from 19% of panelists in the
2008 study to 37% of panelists in the 2009 study. -- E-discovery
budgets are flat or decreasing. 36% of respondents said their
budgets were flat and 42% said their e-discovery budgets were
declining. "IDC's latest report illustrates the need for
corporations to stay on top of the continued growth in corporate
data and the increasingly global requirements of e-discovery," said
Mike Kinnaman, senior managing director of FTI Technology. "Rather
than juggling multiple vendors and managing the handoffs between
providers, companies today want a single provider that can support
an organization's global e-discovery requirements. FTI is excited
about this year's LegalTech and the opportunity to demonstrate how
our comprehensive solution delivers a more cost-effective and
complete approach to e-discovery for our clients." FTI will
demonstrate several new technology and service offerings along with
the latest versions of its award-winning e-discovery software
products at LegalTech New York booth 2100. FTI will also host
several in-depth product and best-practices sessions throughout the
conference. Attendees can register to attend these sessions in
advance by visiting events.ftitechnology.com. New and updated
products and services on-display at this year's LegalTech include:
-- Ringtail® Legal(TM) - New and enhanced analysis and production
capabilities deliver further time and cost savings to clients for
legal projects of all sizes. The latest release includes the
complete integration of the patented Attenex® review interface,
advanced conceptual document clustering that scales to a million
documents and significant enhancements to the application's
production module, securing its reputation as the market's most
powerful, flexible, and secure document review and case management
platform. -- Ringtail® QuickCull® - Designed to support the growing
e-discovery and early assessment needs of corporate legal and IT
teams, QuickCull is an e-discovery appliance that deploys quickly
for on-premise data culling and analysis prior to review by outside
counsel. Using QuickCull, corporate teams can quickly identify key
insights about their collected data and make more informed
decisions. -- Attenex® Patterns® - The latest version of the
award-winning product suite delivers a number of new features and
performance enhancements, including the ability to import
Concordance load files. The new import capability helps clients
apply the patented Attenex visual analytics capabilities on
incoming productions to quickly identify patterns and key documents
in materials received from another party. -- Harvester for
Microsoft SharePoint - New for 2010, Harvester is an integrated
technology and service offering that enables clients to identify,
preserve and collect documents from Microsoft SharePoint
environments. Unlike competitive approaches that rely on keywords,
Harvester provides a custodian-based approach using Microsoft
Active Directory so that corporate legal and IT teams can quickly
and confidently preserve and collect data from SharePoint sites
upon a triggering event. -- System Inventory Tool for Electronic
Discovery - Built on Microsoft SharePoint, the system inventory
tool is a hosted application and is delivered with FTI expert
consulting to identify a client's structured and unstructured data
systems across the enterprise for use in all legal matters. Once
deployed, clients can easily update and maintain their inventory of
enterprise systems and the tool can be used to quickly identify
sources of information when preparing for a Rule 26 conference or
similar state court proceeding. Through its comprehensive portfolio
of e-discovery software, services and consulting, FTI is
transforming the way corporations and their law firms globally
manage e-discovery for legal and regulatory events. FTI e-discovery
services and consulting help streamline the entire e-discovery
process and can provide clients a single point of e-discovery
accountability. The award-winning portfolio of FTI Technology
software, including Attenex Patterns, Ringtail Legal and Ringtail
QuickCull delivers advanced technology for the most
mission-critical and costly steps of e-discovery. Unlike
competitive offerings, FTI e-discovery software can be deployed
either on-premise or on-demand as a hosted solution. This hybrid
capability helps clients scale to the unique demands of each legal
matter without sacrificing a consistent and cost-effective
e-discovery process. Altogether, FTI Technology provides a smart
and comprehensive approach to improve the e-discovery process,
contain costs without cutting corners, and manage clients' critical
enterprise information demands. For more information on FTI
Technology, please visit http://www.ftitechnology.com/. About FTI
Consulting FTI Consulting, Inc. is a global business advisory firm
dedicated to helping organizations protect and enhance enterprise
value in an increasingly complex legal, regulatory and economic
environment. With more than 3,500 employees located in most major
business centers in the world, we work closely with clients every
day to anticipate, illuminate, and overcome complex business
challenges in areas such as investigations, litigation, mergers and
acquisitions, regulatory issues, reputation management and
restructuring. More information can be found at
http://www.fticonsulting.com/. QuickCull®, Attenex®, Patterns®, and
Ringtail® are registered trademarks of FTI Consulting, Inc. All
other trademarks are the property of their respective owners.
DATASOURCE: FTI Consulting, Inc. CONTACT: Kate Andrejack Holmes,
FTI Consulting, Inc., +1-206-373-6521, Web Site:
http://www.fticonsulting.com/
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