Today's energy corporations are surrounded by litigation complexities, government investigations and sweeping changes in corporate governance-all requiring legally defensible methods for identifying, preserving, collecting, reviewing and producing large volumes of electronic documents. Industry analysts expect mergers and acquisitions to increase significantly now that the Public Utility Holding Company Act (PUHCA) has been repealed. And, with the average cost of complying with second requests now topping $5 million, ensuring an efficient business process for managing discovery has never been more crucial.
The discovery fire drills associated with regulatory compliance, due diligence, government investigations or litigation result in huge inefficiencies for both the legal and IT departments. The price tag of this business disruption is enormous. The sheer volume of data, along with disparate file types, from multiple locations and devices add to the complexity of accessing relevant documents quickly, efficiently and in a legally defensible manner.
Additionally, recent headlines of multi-million dollar sanctions point out the real risks corporations face when failing to properly preserve and produce electronic documents in a timely manner. Document retention is a hot topic, but few corporations understand how to manage documents that could become evidence.
Fios provides technology-enabled services to manage the process of discovery-from document preservation and collection through production-using proactive, legally defensible business processes that meet the specific needs of each organization. Our Discovery Management Services  (DMS) help corporate legal teams reduce the costs, risks, and inefficiencies associated with electronic discovery.
Fios ensures the best possible discovery management solution, by providing.
- Complete end-to-end electronic discovery services, from document preservation and collection through review and production to requesting parties
- A solid technology foundation and world-class service model
- Business, technical and legal domain expertise
- The ability to leverage client-adopted technologies or recommend technology purchases to deliver the required solution
You benefit from...
- Efficient, legally-defensible business processes for identifying, preserving and collecting electronic documents that may become potential evidence or requested for production as part of an audit, investigation or second request
- Reduced risk of sanctions, spoliation, error, omission or inadvertent production of privileged documents
- Increased control over discovery costs and cost predictability
- Minimal disruption to the business
At the core of Fios Discovery Management services are end-to-end electronic discovery services. Fios is an industry pioneer and leader, capable of effectively managing any sized job—from routine TIFF productions to large, complex government second requests and anything inbetween. Our services include:
Assessment: Where process improvement begins
Gaining control starts with assessment. Fios offers a Litigation Readiness Assessment to help you determine how prepared your company is to respond to discovery requests. The assessment identifies gaps and areas of risk as well as opportunities for "quick wins" and immediate improvement. At the conclusion of this two-week engagement, you will be able to:
- Assess your readiness for each phase of the discovery response process
- Determine your overall level of readiness for litigation
- Explore potential "root causes" where there is a lack of readiness
- Outline possible impacts of this lack of readiness
- Plan for action to reduce risk, gain control over costs and ensure ongoing process improvements
The ultimate goal of the Litigation Readiness Assessment is to take a small investment of your time and enable you to build a plan for action with long term benefits. |
