Acuity Managed Document Review from FTI Consulting Produces Significant E-discovery Cost Savings
New Miami Review Facility to Support Continued Growth of Leading Managed Review Offering
New York, Jan. 30, 2012 — FTI Consulting, Inc. (NYSE: FCN), the global business advisory firm dedicated to helping organizations protect and enhance their enterprise value, today announced new metrics from the firm's Technology practice highlighting cost savings realized by clients using Acuity, the company’s managed document review offering. In 2011, the Acuity team achieved a 300 percent year-over-year increase in reviewed documents and saved clients as much as 50 percent on e-discovery costs using innovative workflows, predictive coding or advanced clustering and visual analytics technology. Many matters were multinational and required collections for custodians in Europe, Canada and Asia, as well as the review of foreign language documents. For one recent matter, Acuity handled the entire e-discovery process, from collection to production, of 1.2 million documents in less than eight weeks.
“Acuity is the go-to managed document review offering for leading corporations and law firms because it is a smarter approach to document review,” said Sophie Ross, Senior Managing Director, FTI Consulting Technology practice. “With advanced technology, innovative workflows and a single point of accountability, Acuity produces results, effectively and efficiently. Our numerous repeat clients, as well as growing client base, are a testament to the cost savings Acuity provides.”
Acuity’s advanced technology, experienced review attorneys and sophisticated workflow have combined to provide clients with better insight into their data and more effective document review. On recent matters, advanced analytical technology, including Document Mapper, Mines, Cubes and predictive coding, allowed Acuity clients to:
- Conduct an early case assessment and prioritize review: Using the various analytics options, a significant portion of the dataset was reliably culled prior to review, and the client was able to quickly and effectively reduce the document population requiring review. The client also was able to hone in on the relevant document population faster and prioritize the review of the relevant document population.
- Perform quality control throughout the review: The various analytics tools enabled ongoing testing of the dataset to ensure consistency of coding and consideration of all relevant documents.
- Prepare for depositions and trial: Visualization tools, including the social network and timeline views, allowed the client’s outside legal team to review specific custodians with focus on relevant relationships and timeframes to help prepare witnesses in advance of depositions.
“From multi-district litigation to Hart-Scott-Rodino Second Requests, Acuity provides a comprehensive and collaborative approach with budget predictability,” said Manfred Gabriel, Managing Director, FTI Consulting Technology practice. “With Acuity, clients can meet deadlines, stay within budget and be confident of the review quality.”
To support Acuity’s continued growth as a leading managed review offering, FTI Consulting is announcing the opening of a new legal review facility in Miami, Fla.
For a demonstration of how Acuity provides effective document review, please visit booth 2110 at the LegalTech New York 2012 conference. Additional information on Acuity, including an in-depth white paper and client case study webcast, is available at ftitechnology.com/solutions/managed-document-review.
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 3,800 employees located in 23 countries, FTI Consulting professionals work closely with clients to anticipate, illuminate and overcome complex business challenges in areas such as investigations, litigation, mergers and acquisitions, regulatory issues, reputation management, strategic communications and restructuring. The company generated $1.4 billion in revenues during fiscal year 2010. More information can be found at www.fticonsulting.com.
Acuity™ is a registered trademark of FTI Consulting, Inc.
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