TMCnet News
Nuix CEO: "Litigants Demanding Analytics Earlier in the Process to Drive Down eDiscovery Costs"Litigants are clamoring for eDiscovery analytics to address the out-of-control burden and expense of linear review, according to Eddie Sheehy, CEO of Nuix, a company that protects, informs, and empowers society in the knowledge age. This demand has made Nuix (News - Alert) Web Review & Analytics, the company's analytics and early case assessment tool, its fastest selling eDiscovery product. "There's no reason why review should take up 70 percent of discovery costs; review is important but its place is near the end of the process, with a very narrow set of potentially relevant documents that meet the original request, and well after you've set your case strategy," said Sheehy. "Gaining access to ESI (News - Alert) as soon as it is processed, and then applying powerful text and visual analytics, are the keys to efficiently culling documents and visually following the breadcrumb trail to the facts. This allows litigants to set case strategy based on facts not assumptions, resulting in reduced costs and time to review." Nuix has sold around 1,000 Web Review & Analytics licenses since launching the product inmid-2014. This has delivered secure browser-based access to case data for thousands of users across enterprises, advisory firms, litigation support vendors, and law firms, Sheehy said. "Being able to explore this data gives us a real understanding of what we are dealing with and provides the earliest possible indications of trouble," said the General Counsel at a Fortune 500 pharmaceutical company. "If I see emails that make me curious, Web Review & Analytics can show me other conversations that person had straight away." Nuix's recently published white paper "Putting Perspective Back Into Discovery" examines how litigants are seeking to make informed, timely decisions so they can control the amount of information they must collect, process, and ultimately review. This paper was written Nuix's Director of eDiscovery Products and Solutions Angela Bunting and Director of Client Services Roxanna Friedrich. "Legal teams that come to prediscovery meetings armed only with basic numbers, document types and assumptions about their case ESI are going to get slaughtered by opponents who have access to more powerful processing and analytics," said Bunting. "Old-school attorneys won't be able to bluff opponents who can provide visualizations and detailed reports to support their arguments for discovery requests and case management directions." About Nuix Nuix (www.nuix.com) protects, informs, and empowers society in the knowledge age. Leading organizations around the world turn to Nuix when they need fast, accurate answers for investigation, cybersecurity incident response, insider threats, litigation, regulation, privacy, risk management, and other essential challenges. View source version on businesswire.com: http://www.businesswire.com/news/home/20150831005694/en/ |
