Fios Helps Corporations Assess e-Discovery Technology Requirements
Fios' e-Discovery Technology Assessment Service Helps IT and Counsel Understand Capabilities & Limitations of Existing and New Technologies for Managing Discovery Process
PORTLAND, Ore., March 3, 2008 — Fios® Inc., delivering comprehensive discovery management services for organizations compelled to produce electronically stored information (ESI), today announced that it is helping organizations assess technology requirements for efficiently and defensibly responding to electronic discovery obligations. Fios' e-Discovery Technology Assessment consulting service focuses on analyzing an organization's existing and prospective technologies and their ability to address various phases of discovery, from identification, preservation and collection to data culling, document review and production of electronically stored information (ESI). Through this service, clients receive a detailed understanding of technology requirements, an evaluation of existing applications and processes, and framework for addressing technology investment and existing systems utilization decisions.
"Technology is critical for helping organizations scale processes for managing e-discovery demands, both large and small," said Sam Panarella, vice president and managing director of Fios Consulting. "The most effective implementation of technology, however, is when the solution is applied after the issues and gaps in process have been identified and prioritized. We advise our clients to go through a risk assessment when considering technology investments. We help them identify what types of information, which departments, and what practices can benefit most by the application of technology. It's this assessment and prioritization process that leads to the successful deployment of technology for more efficient and defensible discovery management."
Fios' consultants work with both legal and IT managers to understand the technology requirements for ediscovery through a four-step process that includes:
- Needs Assessment — research and document requirements for responding to one or more phases of discovery response, based on an anticipated litigation portfolio and discovery intensity
- Analysis of Current Practices — detailed review of existing or planned technologies to address identified requirements
- Gap Analysis — analysis of gaps between existing and optimum usage and the impact of such gaps on cost, burden and discovery risk, based on the organization's discovery intensity and risk profile
- Recommendations — key recommendations and next steps for improving utilization of existing or acquisition of new technologies, including associated people and process improvements required for success Fios Technology Assessment (cont.)
Following the assessment process, Fios then works with clients to develop comprehensive action plans for deployment or process improvement.
Fios' e-Discovery Technology Assessment consulting service is immediately available as part of the comprehensive e-discovery consulting services delivered by Fios, which include readiness assessments, information governance for e-discovery, ESI content mapping, discovery response planning and 26(f) discovery conference preparation. The service will be featured at Gartner's Compliance and Risk Management Summit taking place March 3-5, 2008, in Chicago. For more information, visit www.fiosinc.com/corporations.
About Fios, Inc.
Serving the legal community since 1999, Fios Inc. enables clients compelled to produce electronically stored information (ESI) to reduce risk and cost by attaining management control over the e-discovery business process. Fios' comprehensive discovery management services are based on an in-depth knowledge of information technology and legal process, and are customized to help clients defensibly and efficiently manage all phases of the Electronic Discovery Reference Model (EDRM). Headquartered in Portland, Ore., Fios is backed by top investors, including 3i, Digital Partners, Banyan Capital Partners, FBR CoMotion and Fluke Ventures, and has offices throughout the continental United States. For more information about the company and its services, visit http://www.fiosinc.com.
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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.
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