eDiscoveryAI is the Latest Frontier in eDiscovery

In the ever-evolving world of legal technology, staying ahead of the curve is paramount. With the advent of Artificial Intelligence (AI), the eDiscovery landscape has undergone a significant transformation. Traditional approaches to document review are giving way to AI-powered solutions that promise unprecedented accuracy, efficiency, and cost-effectiveness. In this blog post, we delve into the latest frontier in eDiscovery: Artificial Intelligence.

 

eDiscoveryAI: A Game-Changer

 

The legal industry has been no stranger to technological advancements, but AI represents a seismic shift. Powered by sophisticated Large Language Models (LLMs), AI is revolutionizing how legal professionals handle eDiscovery. These LLMs are engineered to understand and generate human-like text, making them invaluable in tasks like document review, privilege logs, and more.

 

The eDiscoveryAI Advantage

 

eDiscoveryAI, our cutting-edge solution, harnesses the potential of LLMs to redefine eDiscovery. It’s not just a tool; it’s a transformative force in the legal world. Here’s how it’s reshaping the eDiscovery landscape:

 

  1. Unmatched Accuracy and Efficiency

 

eDiscoveryAI review boasts precision rates as high as 96%, and recall rates as high as 98% ensuring that no relevant document goes unnoticed. This means you won’t miss a single relevant document. Say goodbye to time-consuming manual document review processes. With AI, you gain unparalleled accuracy and efficiency in identifying crucial information.

 

  1. Streamlined Document Review

 

Traditional predictive coding tools are no match for the precision and speed of AI. eDiscoveryAI automated document review, reducing the time and resources required. It’s like having a tireless team of experts at your disposal, ensuring that no stone is left unturned.

 

  1. Customization

 

Every legal case is unique, and eDiscoveryAI recognizes that. It’s highly customizable, allowing you to tailor it to your specific project or case requirements. From creating distinct issues to setting relevance criteria, you have the power to adapt AI to your needs.

 

  1. Seamless Integration

 

eDiscoveryAI seamlessly integrates with existing eDiscovery platforms like Relativity. This means you can leverage AI’s benefits without overhauling your current systems. It’s about enhancing your workflow, not disrupting it.

 

  1. Early Case Assessments and More

 

AI isn’t just about document review. With eDiscoveryAI, you can conduct early case assessments, detect foreign languages, review images and audio files, and even train your CAL model. It’s a comprehensive solution designed to cover all your eDiscovery needs.

 

Why AI, and Why Now?

 

The legal landscape is evolving faster than ever. Clients demand more efficient and cost-effective solutions. Staying competitive means embracing AI in eDiscovery. Waiting on the sidelines isn’t an option.

 

eDiscoveryAI is your ticket to the future of eDiscovery. It’s about efficiency, accuracy, and staying ahead of the curve. With AI as your ally, you’re not just catching up with the latest trends; you’re leading them.

 

Conclusion

 

In the legal world, the future is AI-powered. eDiscoveryAI represents the latest frontier in eDiscovery, where innovation meets necessity. Don’t get left behind in the age of manual reviews. Embrace the power of AI and transform your legal practice.

 

Schedule a demo today at https://ediscoveryai.com/schedule/ and experience the future of eDiscovery!

 

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CHICAGO, Jan. 29, 2024 /PRNewswire/ — Relativity, a global legal technology company, kicks off Legalweek 2024 announcing the limited availability launch of Relativity aiR for Review and shares plans to add products to Relativity aiR addressing use cases such as privilege review and case strategy. Relativity aiR is Relativity’s new suite of fit-for-purpose generative AI solutions that empower users to transform their approach to litigation and investigations.

Click to view press release.

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BREAKING NEWS: EY Announces Alliance with Reveal to Offer Clients AI-Powered Solutions to Advance Data Discovery and Compliance Needs

“Our technology is at its most powerful when organizations like the EY organization not only invest directly in them, but also work with our team in close collaboration to anticipate, resolve and work to mitigate existing and future data issues. Together, the EY organization and Reveal are introducing models and providing answers and insights before the need has been identified. This level of automation and analysis in legal tech is solving problems faster and making the unpredictable predictable for EY clients across the globe.” – Wendell R Jisa, Founder & CEO of Reveal.

Read the full release here: https://hubs.ly/Q02hY4C_0

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One is six people lives with a disability of some kind – whether hidden or visible, temporary, situational or permanent. That translates to a huge number of potential travelers with needs that aren’t currently being met. At Reed & Mackay, we believe people with visible and hidden disabilities have the right to access travel, just like anybody else.

Diversity, Equality and Inclusion (DEI) is integral to many of our clients. And we believe in using our position of influence and connections within the industry to lobby for change, amplify our clients’ voices and provide the same standards of service to all. We get how important it is for our clients to offer all their employees the same opportunities to travel and progress in their careers – and we’re doing everything we can to support them in this.

No two travelers or trips are ever the same, so why should meeting the needs of travelers with disabilities be a one-size-fits-all exercise?

We strive to give all our clients – regardless of their abilities – the same levels of exceptional service. Our dedicated service mindset means we put ourselves in your shoes and go the extra mile for you.

Read our white paper to find out how Reed & Mackay helps you travel without prejudice.

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#ContractNegotiations can take up a lot of time, automating #ContractNegotiation steps where possible allows you to focus more on #ContractLifecycleManagement strategy. You’ve got yourself a deal!

Define #ContractNegotiation and how #LegalTechnology can empower #ContractManagement processes with internal and external stakeholders.

Read here: https://www.cobblestonesoftware.com/blog/what-is-contract-negotiation-and-how-can-legal-technology-help

#CobbleStoneSoftware #ContractManagementSoftware #Contracts #Contract #CotnractManager #ContractsManager #BusinessRelationships #Contracting #ContractNegotiations #NegotiationTips #InHouseCounsel #CLM #ContractLifecycleManagement #ContractAdministration #ContractAdministrator #ContractAdministrators

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Join us at Legalweek in New York next week and unravel the mystery!
Head to the 2nd floor and look for the table marked Legal Operations KPIs.

LegalOpsKPIs.com is a focused community for Legal Operations professionals passionate about using data and KPIs for effective decision-making. This community site features a comprehensive list of metrics, detailed information for each, tools and templates, real-life use cases, best practices and expert tips.

Come, say hello, and while you’re powering up your legal department with KPI knowledge, we’ll make sure your cell phone gets a power boost too!

Click for our video!

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Appointment of new leadership for the industry’s largest cyber incident response team driven by growing market demand

UnitedLex, a leading data and professional services company specializing in litigation, intellectual property, contracts, compliance, and legal operations, today announces the hiring of Praveen Jayant as Vice President of Incident Response. Working from the Gurugram (Haryana, India) office, Praveen Jayant will lead a global team of over 1,000 forensic examiners and data mining, technology, and review professionals delivering incident response services to a global client base.

“I’m thrilled to be joining a team that is continuously looking at how AI and other innovations can be integrated into our processes to reduce risk and response timelines for our clients,” said Praveen Jayant. “The UnitedLex team has delivered thousands of incident response projects, with a strong track record in helping clients meet or exceed notification deadlines while navigating complex regulations.”

A legal services and eDiscovery industry veteran, Praveen Jayant joins UnitedLex from Epiq where he spent 11 years in senior operations leadership roles, most recently as Senior Director of its India operations. Earlier in his career, he held senior data services and eDiscovery roles at HP/Autonomy, Iron Mountain, and Stratify.

UnitedLex’s Incident Response team works 24/7/365, leveraging programmatic extraction of structured and unstructured data sources to minimize human review, accelerate delivery timelines, and provide price predictability and certainty. UnitedLex maintains incident response panel seats with dozens of insurance companies and breach counsel and has deep experience managing the complex regulations and notification reporting timelines required by states, HIPAA, the Office for Civil Rights, and Attorney General.

“Praveen’s extensive experience in incident response, data services, and operations made him a natural fit to lead our team, which is the largest in the industry,” said James Schellhase, UnitedLex CEO. “With Praveen at the helm, we will build on our proven performance driving efficient workflows that allow clients to understand the extent of exposed sensitive data when time is of the essence.”

Praveen Jayant adds to a string of key hires, including James Schellhase as the new CEO, Rajitha Boer as Chief Client Officer, Renee Meisel as EVP and General Counsel, and Jeannine Whittaker as SVP, Business Development, among others. In 16 years, UnitedLex has grown from five employees to more than 3,000 across nine offices in 26 global jurisdictions, including a well-established team of over 1,600 operating across two locations in India, Gurugram and Bengaluru. The company’s more than 600 clients include 25 percent of the Fortune 100 that have a combined $2 trillion in revenue.

On February 15th at 1:00 pm ET, UnitedLex is hosting a webinar, Cyber Incident Response: Practical Guidance & Insights From the Trenches, featuring leading data privacy and cybersecurity counsel from the Potomac Law Group, PLLC and Sidley Austin, LLP, and UnitedLex Senior Vice President Josh Hass. The discussion, moderated by UnitedLex Senior Vice President, Litigation, Derek Duarte, will cover approaches for rapidly responding to a cyber incident within compressed timeframes.

To learn more about UnitedLex, visit www.unitedlex.com. Visit  www.unitedlex.com/incident-response/ for information about its Incident Response services.

About UnitedLex

UnitedLex is a data and professional services company delivering outcomes that create value for high-performing law firms and corporate legal departments in the areas of digital litigation, intellectual property, contracts, compliance, and legal operations. Founded in 2006 with a mission to push the boundaries of legal innovation, we provide solutions that enable measurable performance improvement, risk mitigation, revenue gain, cost reduction, and digital business synergy. Our team of 3,000+ legal, data, and technology professionals supports our clients from operational centers around the world.

Media inquiries please contact Susan Clayton Hammann, Director, Strategic Communications: susan.hammann@unitedlex.com.

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Mitratech, a global compliance technology leader for legal, risk, and HR teams, recently unveiled a series of new AI-driven technologies following the 2023 launch of PlatoBI, an embedded analytics platform powered by Snowflake. The debut of the PlatoBI Legal Spend Dashboard, AI Text Summarization, Natural Language Search, new acquisitions, and more mark a momentous year of technology innovation for the company.

The announcement also follows a powerful close to 2023 for Mitratech, who saw double-digit growth and a 35% year-over-year increase in research and development investment.

You can read the full announcement here.

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Join us at Legalweek at booth#3015, and we will get the monkey off your back!

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Increasing investment in legal technology shows no signs of slowing down. In the Association of Corporate Counsel’s (ACC) 2023 Legal Technology Report, 78% of the respondents called legal technology a “must-have” and 2022 research from Gartner predicted technology will make up 12% of the average legal department’s budget by 2025. And while legal technology offerings like contract lifecycle management and e-billing often top the lists of most-used technologies, more and more legal departments are looking to outside counsel management tools.

That’s why we created an innovative outside counsel decision-making platform that empowers legal teams to make more confident hiring decisions when it comes to their outside counsel, preferred panels and law firm relationships. Scout uses artificial intelligence (AI) to do the heavy lifting to collect, structure and analyze law firm data, allowing legal operations professionals and in-house counsel to spend more time assessing key information and making decisions that provide ROI.

HOW DOES IT WORK?

Scout uses AI to quickly collect and analyze data from disparate sources, structuring it in a way that makes it easily searchable and digestible. For legal departments dealing with the growing pains of managing unstructured data, Scout can take that data in its current disorganized state, organize it and make it actionable.

After structuring the data, Scout puts all of the key information corporate legal departments need to make outside counsel decisions at their fingertips. The platform centralizes data in an intuitive user interface, making it easy to search, track, and review everything you need to make the right decision, whether that is information on expertise, experience, performance, locations, certifications (e.g., diversity) or anything else.

WHY BETTER OUTSIDE COUNSEL DATA MATTERS

Better data improves decision-making. This has been known in the business world for years. The largest companies in the world use data to make decisions that create more value, from determining where the next Starbucks location should be to improving training programs for Google employees.

Whether your legal team is in the initial stages of leveraging data for better decision-making or you already have a robust process, improving your outside counsel and legal services provider data makes an immediate impact on the business. Over $700 billion is spent every year on legal services across the globe and, chances are, a significant chunk of that legal spend could be optimized if the legal operations professionals and in-house counsel responsible for it had more insight into their options.

BENEFITS OF “DECISION-GRADE” OUTSIDE COUNSEL DATA

Legal departments at companies as large as the Fortune 10 use Scout to take their outside counsel data and make it “decision-grade.” What does that mean? It means by structuring outside counsel relationship data and bringing it into one intuitive platform, legal teams can confidently align their hiring and legal spend decisions with their organization’s goals, and spend less time doing it.

The benefits of using Scout to make your data “decision-grade” include:

Centralizing key information about outside counsel relationships. Law departments can get as granular as they like with data points, including combining information from billing systems, expertise and experience data, internal reviews and more. All of this data is searchable for law department users in Scout’s easy-to-use interface.

Clearly surfacing impactful data, such as performance reviews. Scout enables and tracks internal reviews of attorneys and firms, presenting them in a clear visual interface that can be understood at a glance. Additionally, users can build their own structured review process in the platform, ensuring important performance data is recorded at regular intervals, preserving institutional knowledge and improving future decision-making.

Quickly finding best-fit firms for new matters. Being able to compare factors such as expertise, location, rates, past performance and any other data points that are important to your legal team means you don’t have to go digging through spreadsheets and disparate systems to find the right provider for your next project. Beyond optimizing legal spend, companies can also align their hiring with important internal initiatives (e.g., finding law firms with diversity or environmental certifications).

THE IMPACT OF BETTER OUTSIDE COUNSEL DECISION-MAKING

Large companies use Scout to achieve their outside counsel hiring goals. As an early adopter, Hearst’s legal department finds that the platform helps them “more quickly and effectively identify the attorneys it needs for external legal work,” according to Legal Dive. In addition to finding the right fit for their new matters, Hearst also uses it to bolster other legal department initiatives, such as their outside counsel rate review process and diversity, equity and inclusion goals. The team also found that implementing Scout saved them an estimated 325 hours annually—roughly two months of work for a full-time employee.

And, while cost savings were not the primary goal of their Scout implementation, both An Trotter, Senior Director of Operations in Hearst’s Office of the General Counsel, and Jessica Williams, former Senior Operations Manager (who recently moved to FanDuel as Director of Legal Team Strategy and Operations), agreed that it’s helpful for that goal. “The sooner you’re getting lawyers on a case and the sooner you’re getting them integrated into that case, the better your end results are going to be,” Williams explained.

If you’re curious how you can supercharge your outside counsel data collection and analysis project with an AI-enhanced platform like Scout, request a demo.

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