This week in GRC was always going to be about LegalTech and everything that came out of it. Well, it's finishing up today, and it didn’t disappoint. There were releases from Autonomy, Recommind, Digital Reef and a whole lot more.
Day Two (Tuesday): Saw legal professionals getting hands-on practical information for improving their law practice management, thanks in part to vendors that are using the conference as an opportunity to launch new products.
While there were many, a couple stands out. Recommind spent a lot of time presenting at a variety of sessions talking about issues such as predictive coding and data governing. For LegalTech, Recommind isn’t so much about making announcements as it is about capitalizing on what it announced in the days before LegalTech.
Its recent launch of Axcelerate eDiscovery 4.3, for example, provided capabilities to enable simple management of the entire e-Discovery process in one integrated platform. New features are aided by Recommind’s record revenue growth -- 95% over 2010, driving total revenue to its highest level yet.
Day One (Monday): But it all kicked off on Monday, and many of the announcements that were to mark the show were made then.For the first day, there were so many new releases that we were obliged to round up a few of the really big ones.
Prologue: Such was the buzz around it that even in the days before it, announcements were rolling out beforehand in anticipation. One of them was from Nuix, which provides information management technologies, including e-Discovery and electronic investigation, and which launched its latest e-Discovery and Big Data solutions just before the show.
Autonomy's Major e-Discovery Upgrade, HP On Board
One of the other major releases ofLegalTech was the substantial upgrade Autonomy made to its e-Discovery options.
If anyone was wondering what Autonomy was going to do after getting the check for US$ 12 billion, then this was a good indicator: It appears to be carrying on business as usual, even if it is now branded as a HP company.
The upgrade pulls together a number of abilities across a number of Autonomy applications, all of which have been built around its IDOL10 server.
The upgrade to the e-Discovery application involves three solutions. The aim with all three is to minimize the amount of information that has to be moved by human hands, which has been shown in the past to be error-prone in an area that needs to be as error-free as possible.
Digital Reef Upgrades Case Assessment
Also at LegalTech, SaaS e-Discovery vendor Digital Reef announced that it has added attorney accelerated functionality called Predictive Priority to Digital Reef Advanced Early Case Management.
Predictive Priority enables a subject matter expert to find a set of documents. Digital Reef's engine then identifies documents most related to the selected documents. The case experts validate the results and adjust the training set to generate even better document sets. Once the experts are satisfied, the technology evaluates the data set and prioritizes documents based on the early expert input.
The result is that Predictive Priority enables lead attorneys to receive and review only the most relevant data early in the review process, which means they are smarter and faster, with direct access to the most highly responsive data.
Other categories of data can be directed to the appropriate review teams, with the bulk of the data either reviewed by the lowest cost outsourced services, or validated by data sampling techniques.
Predictive Priority, therefore, provides both accelerated case strategy and cost savings by directing case data to the appropriate legal resources, and in many cases reducing the number of documents to be manually reviewed.
Nuance Releases eCopy Legal Solution Pack
Finally, Nuance has announced the eCopy Legal Solution Pack, a document scanning and workflow solution that enables law firms to automate their paper-to-digital workflows.
An add-on to Nuance eCopy ShareScan Suite, the eCopy Legal Solution Pack is a way for law firms to use their multi-function printers (MFPs) to automate the preparation of paper documents for electronic discovery, e-filing and firm-wide knowledge management.
It comes with Batch Scanning for e-Discovery, e-Filling and Litigation Support, Scan and Redact, a connection to Matter-Centric DMS and Document Workflow Assessment, as well as customized reports that identifies specific areas where the law firm can further optimize their document processes.
The SRP of the eCopy Legal Solution Pack is $1,600 and requires eCopy ShareScan Suite v5.