eDiscovery Data Points from ComplexDiscovery

With over 12 years of review data, including millions of review hours and tens of millions of coded documents, ReviewRight Match AI’s proprietary learning algorithm leverages the latest AI technology to evaluate over 25,000 tested, qualified, certified, and continuously graded candidates from around the world. Using a plethora of data points, the technology provides an objective rank score for each candidate, considering their domain/industry expertise, legal practice area, education, background, language proficiency, review experience, coding speed, and accuracy by task.

The post Using Artificial Intelligence, HaystackID® Expands Legal Document Review Services and Staffing Marketplace Capabilities appeared first on ComplexDiscovery.

In the context of legal technology marketing campaigns, parodies can engage audiences by humorously emphasizing the interest and intangibles associated with these campaigns. By employing a light-hearted approach, parodies can draw attention to the unique aspects, benefits, or common misconceptions surrounding legal technology solutions. DISCO and ComplexDiscovery employ this humorous approach in announcements about recent legal tech marketing campaigns.

The post Parodies Unleashed? Lady Justice and Mister Business Add Humor to Legal Tech Marketing appeared first on ComplexDiscovery.

"Given the circumstances that gave rise to the failure of Silicon Valley Bank and Signature Bank, it has become increasingly necessary for corporate and legal counsels to fully investigate a bank's interest rate and liquidity risks before committing funds to that bank," said John Pachkowski, Senior Legal Analyst at Wolters Kluwer Legal & Regulatory U.S.

The post Overdue Diligence? Wolters Kluwer Launches Due Diligence Resource Checklist for Corporate Counsel to Mitigate Financial Risk appeared first on ComplexDiscovery.

According to Christopher Weiler, CEO of KLDiscovery Inc, "n the fourth quarter of 2022, we achieved our best revenue quarter ever with revenue of $85.8 million and our lowest quarter of net loss, which improved by 32% year-over-year year from $(7.3) million to $(5.0) million. We generated our highest ever quarterly EBITDA and Adjusted EBITDA, both growing 33% year-over-year to $18.3 million and $20.4 million respectively. "

The post A Record Breaking Quarter? KLDiscovery Inc. Announces Fourth Quarter 2022 Financial Results appeared first on ComplexDiscovery.

"Our AI legal assistant is the first of its kind," said Jake Heller, co-founder and CEO of Casetext. "It creates a momentous opportunity for attorneys to delegate tasks like legal research, document review, deposition preparation, and contract analysis to an AI, freeing them to focus on the most impactful aspects of their practice." "Casetext has transformed the AI landscape with CoCounsel," observed Scott Bailey, Director of Research and Knowledge Services at Eversheds Sutherland, a CoCounsel beta customer. "The power of this technology, deployed in a product that is secure and reliable, is a huge leap forward in what legal technology can do."

The post Groundbreaking AI Legal Assistant? Casetext Unveils CoCounsel appeared first on ComplexDiscovery.

“As a leader in designing best practice legal workflows, our experts have seen legal holds become more complex with the rise in remote work and disparate data sources,” said Meredith Kildow, Chief Revenue Officer. “Sightline Legal Hold helps clients effectively address these challenges with a robust and customizable legal hold platform designed to not only ensure compliance with corporate legal requirements but also help control downstream discovery cost and complexity.”

The post Ready, Set, Hold? Consilio Sightline Adds Legal Hold and Continuous Active Learning Capabilities appeared first on ComplexDiscovery.

According to the announcement, CI Contract, a contract review and analytics platform built for large-scale contract review, combines hands-on legal and contracts expertise with artificial intelligence, leveraging proven technologies, methodologies, and custom analytics to reduce volume, cost, timelines, and risk in order to surface key information and provide vital insights from contracts faster, with increased accuracy and efficiency. CI Contract integrates RelativityOne with leading contract analysis tools. Using CI Contract, contract portfolios can be searched and de-duplicated, analyzed, key data extracted and reviewed, culminating in a report for analysis.

The post Another First? Cimplifi Introduces AI-Driven CALM Managed Services and CI Contract Review Application appeared first on ComplexDiscovery.

"Why collect everything into a data lake when it is unnecessary," posited Hanzo VP of Product Dave Ruel. "We know from our years of experience with collaborative data that the scale and complexity of enterprises require a better way to target their collections. They need up-front intelligence to help them effectively cull it to improve all downstream workflows."

The post Intelligent Collection and Culling? Hanzo Expands Dynamic Mapping Support to MS Teams Data for eDiscovery Collection appeared first on ComplexDiscovery.

In today's dynamic financial ecosystem, understanding the importance of robust regulatory frameworks, oversight mechanisms, and risk management strategies is crucial for businesses, investors, and financial professionals. The Enron and Wirecard fraud cases and the recent closure of Silicon Valley Bank are stark reminders of the consequences of fraudulent and risky activities and the need for vigilance in monitoring and managing investments and banking practices, particularly when dealing with high-risk scenarios. Vigilance that may benefit from cybersecurity, information governance, and eDiscovery experts.

The post The High Cost of Risky Business: Lessons in Vigilance from Enron, Wirecard, and Silicon Valley Bank appeared first on ComplexDiscovery.

JetSuite founder Dan Cilman commented, "I've been working with the TransPerfect team for quite some time, and I am pleased to be bringing JetExport and all JetSuite products to a company that shares my vision to push the boundaries of performance in document review. Joining a successful global enterprise will provide increased growth opportunities for development as well as access to new markets."

The post Joining the Jet Set? TransPerfect Enhances Legal Technology Offerings with Acquisition of JetExport E-Discovery appeared first on ComplexDiscovery.