Speed, efficiency, smarter analytics and cost predictability. In dozens of focus group conversations with LexisNexis representatives, that’s what eDiscovery professionals say they need.
In order to pursue those four goals, litigation teams are increasingly finding that early case assessment (ECA) is critical.
“An effective ECA effort helps legal professionals identify the data right away, narrow down the pool of electronic files to just the potentially relevant items, and evaluate the pertinent facts of a case earlier in the process,” said Krista Fuller, director of product management for litigation solutions with the LexisNexis software and technology business.
In the webinar, Ms. Fuller worked from a publicly available data set from the Enron litigation in the early-2000s to demonstrate how an effective ECA tool – such as the new Lexis DiscoveryIQ eDiscovery platform – was able to instantly narrow 11,000 documents down to just 400 by setting some basic parameters.
As powerful as effective ECA can be, however, eDiscovery technology can only fulfill its potential to achieve greater cost predictability if it also addresses document review. After all, the process of reviewing electronic documents accounts for 73 percent of the costs of eDiscovery, according to the RAND Institute for Civil Justice.
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“With the vast majority of non-relevant data eliminated in the ECA phase, litigation teams are in a stronger position to make every review minute count,” said Ms. Fuller. “Review professionals get clearer, more concise insights from the first minute, so they can put their efforts toward mapping out case strategy with no wasted time, no wasted effort chasing dead-ends.”
For example, patented machine-learning capabilities and predictive coding from Brainspace Corp., a recognized leader in data analysis, makes it possible to speed review by 60 to 90 percent.
The Brainspace “Smart Review” technology enables litigation teams to uncover case connections that would be nearly impossible to discover with human or artificial intelligence alone. Brainspace worked with LexisNexis to develop a new eDiscovery platform that emphasizes the role of early case assessment and smart review in order to give eDiscovery an unprecedented boost.
“Smart review adds the power of machine-learning analytics technology that works the way the human brain works, intuitively, to surface connections that might otherwise remain hidden,” according to Ms. Fuller.
The technology offerings that can provide the right blend of four primary benefits — speed, efficiency, smarter analytics and cost predictability — are the ones that will help litigation teams achieve better outcomes with less effort in the eDiscovery process. ECA + Smart Review is a powerful combination for heading in the right direction.
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