Fios Unveils New Strategic Consulting Services to Help Clients Lower e-Discovery Costs and Risks
New Review Management Services to help clients address the most costly, error-prone and time-consuming phase of the e-discovery process
PORTLAND, Ore., January 29, 2007 — Fios® Inc., a leading provider of electronic discovery and litigation readiness services, today unveiled new, strategic consulting services that lower the costs and risks associated with electronic discovery response. Fios' new Review Management Services help clients assess and identify gaps in existing or proposed review strategies, identify opportunities for process improvement, and implement recommendations to eliminate errors and improve attorney efficiency. Fios' Review Management Services are an expansion of the comprehensive litigation readiness services the company has been offering since 2003.
"According to industry averages, 75 percent of electronic discovery costs are encountered during review, with the average cost of e-discovery now nearing $2 million on complex matters," said Prashant Dubey, vice president and general manager of Fios' Discovery Management Services consulting group. "Fios' Review Management Services were developed in direct response to clients clamoring for guidance on how to contain these costs, improve efficiencies, and eliminate the errors that are so often encountered during a review."
As one of the pioneers in the electronic discovery market, Fios has long provided comprehensive services for managing all phases of electronic discovery, from preservation, collection and processing through review and production. Fios' new consulting services enable clients to leverage the company's knowledge, expertise and methodologies and improve internal discovery response practices. A highlight of the areas Fios is now helping clients address includes:
-
Review Management Strategies — Fios' consultants will formally assess a client's overall review strategy and provide recommendations for improvements that can reduce the gaps, risks and time spent on document review. This includes reviewing the client's high-level objectives, case specifics and proposed review approach; interviewing key stakeholders involved in the review process; and providing recommendations on how to achieve review and production goals.
-
Search and Data Culling Strategies — Developing effective search and data culling criteria can result in dramatic cost savings and establish a foundation for meeting obligations throughout discovery. Fios' consultants will utilize a detailed protocol to analyze and develop an effective and efficient search and data culling approach. This approach is based on an assessment of the client's objectives and the proposed search terms and culling criteria, begins prior to working with collected evidence, and is designed to reduce time spent reviewing non-responsive evidence.
-
Workflow Design — Having a well-constructed review workflow can assure greater accuracy and efficiency, as well as utilization of people, process and technology. Fios' consultants will review the requirements and resources necessary for a given case and develop effective approaches to how the review workflow should be managed. Recommendations include strategies for organizing and assigning work, as well as protocols for managing special case needs, such as second pass reviews, redactions and foreign languages. Workflow design includes metrics and management controls to ensure goals are established and results monitored.
-
Work Product Quality Control — Attorney review processes need to be consistent and controlled to mitigate errors and ensure privileged information is protected. In addition to the standard services available to all clients, Fios' consultants will help clients assess internal protocols and employ quality control procedures that maximize the accuracy of the review. These quality control procedures, backed by documentation that can be presented to the court, can be applied to the review to ensure consistency amongst the review teams.
Fios' Review Management Services are immediately available through Fios' Discovery Management Services consulting group and are priced on an hourly basis. For more information, visit the company's website at www.fiosinc.com.
About Fios, Inc.
Serving the legal community since 1999, Fios Inc. is committed to helping corporations and supporting outside counsel reduce the costs, risks and time associated with electronic discovery. Fios' IT-enabled discovery management, evidence collection, data processing, document review and production services are based on an in-depth knowledge of litigation and information technology, enabling fast, efficient and legally defensible discovery response. Headquartered in Portland, Ore., Fios is backed by top investors, including 3i, Fluke Ventures, FBR CoMotion, Digital Partners and Banyan Capital Partners, and has offices throughout the continental United States. Fios is also the principal sponsor of the leading Internet portals: DiscoveryResources.org, ComplianceResources.org and TechnologyCounsel.org. For more information about the company and its services, visit http://www.fiosinc.com.
####
For more information, contact:
Debbie Caldwell
Public Relations Manager, Fios Inc.
503-265-0775
dcaldwell@fiosinc.com
Fios and Fios products are trademarks of Fios Inc. Other product or service names mentioned herein are the trademarks of their respective owners.
|