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Lexis DiscoveryIQ: Every Case Has a Story; Find it Faster

4 Points about the New Lexis DiscoveryIQ eDiscovery Platform

A critical way to reduce or maintain eDiscovery costs is to reduce the data for review.

The sooner this happens, the better, and earlier insights into data can help drive better litigation strategy decisions.  Every case has a story; find it faster as the graphic below suggests.  PreDiscovery can reduce the documents required for review by as much as 85% and a new product does it faster.

This morning at the LegalTech® NY tradeshow, LexisNexis®, alongside the Brainspace team, unveiled a product: the new Lexis® DiscoveryIQ platform. The premier trade publication for the conference, Legaltech News, was first with the story.

In an article titled, Lexis DiscoveryIQ Applies Advanced Visual Analytics to E-Discovery, reporter Ian Lopez wrote:

“Lexis DiscoveryIQ’s development expands upon that on LexisNexis Early Data Analyzer. In doing so, LNLP said that they were able to focus on pre-discovery processes by building on early case assessment capabilities, after which they were able to integrate data analytics, smart review tools and predictive coding into the workflow.”

The news release – LexisNexis Unveils Lexis® DiscoveryIQ eDiscovery Platform Enhanced by Brainspace – published by LexisNexis calls out four key points:

1. Comprehensive litigation support.

The platform deeply infuses analytics, including technology assisted review (TAR), machine learning and visual analytics into one intuitive interface with speed, performance and scalability.

2. Earlier insight into data.

Some 73 percent of eDiscovery costs rest in review. The Lexis DiscoveryIQ offering provides litigation teams with greater visibility from the outset of a case, which helps them to quickly understand any potential exposure in the initial data set and reduce the cost of review.

3. Flexible analytics throughout eDiscovery.

While designed for large cases, this new platform provides machine learning and analytics throughout the workflow, eliminating that barrier. The solution supports investigational efforts and case analysis as easily as it supports more traditional eDiscovery workflow.

4. Faster path to more accurate results.

The new predictive coding technology promises a faster, simpler way to reduce data to relevant facts, using smarter algorithms and creating a better user experience. The Brainspace technology provides significant value in accelerating the review process by 60 to 90 percent.

So far, the market reaction has been positive:

“With Lexis DiscoveryIQ, LexisNexis and Brainspace are challenging the status quo,” said Ryan Bilbrey, managing director of OmniVere, LLC, and a member of panel of advisers for development. “Disruption is a term that’s tossed around almost callously in legal technology circles these days, but in this case, here is a team that has reimagined the eDiscovery process to help litigation teams achieve vastly better results.”

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If you’re attending the LTNY conference, feel free to stop by booth #100 for a live demonstration of the new product – and shot of espresso.  If you were unable to attend the show, here’s a link to set up an appointment for a web-based demonstration.

click here or image for higher resolution
Lexis-DiscoveryIQ-LTNY-graphic-small

If you enjoyed this post you might also like:
Faster, Easier eDiscovery Review:  The New Concordance Desktop

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About Frank Strong

Frank Strong
Frank Strong is the communications director for the LexisNexis software division located on NC State’s Centennial Campus in Raleigh. In this capacity, he leads communications efforts in support of software products for law practice and law department management and also litigation tools – across large law, small law and corporate counsel segments. With more than 15 years of experience in the high-tech sector, Strong previously served as director of public relations for Vocus, which developed marketing, PR and media monitoring software. He has held multiple roles both in-house with corporations, ranging from startups to global organizations, and has also endured the rigors of billable hours, having completed gigs at PR firms including the top 10 global firm Hill & Knowlton. A veteran of two year-long deployments, Strong has concurrently served in uniform in reserve components of the military for more than 20 years, initially as an enlisted Marine and later as an infantry officer in the Army National Guard. Strong holds a BA in Film and TV production from Worcester State University, an M.A. in Public Communication from American University, and an M.B.A. from Marymount University. He is a PADI-certified Master Scuba Diver and holds a USPA "B" skydiving license.
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