The IT Nerd

• Controlling eDiscovery costs is the ultimate goal: Legal operations teams are focused on controlling eDiscovery costs by gaining transparency from law firms on discovery budgets and review efficiency, centralizing eDiscovery management, benchmarking success and partnering with managed review providers. Corporate legal teams are standardizing their internal process for eDiscovery, and even providing mandates to external counsel. 77 per cent contract directly with eDiscovery vendors, 74 per cent control which eDiscovery vendors their outside counsel uses, and 71 per cent have adopted a centralized approach to managing eDiscovery data. A full 42 per cent have adopted a single vendor model.
• Increasing use and spend on AI tools: The drive to improve eDiscovery efficiency, spend and outcomes is fueling AI spending and usage. 83 per cent of respondents plan to increase spend in this area and 49 per cent reported using predictive coding (also known as technology-assisted review) in the past year (+18 YoY).
• Moving to the cloud is a key initiative to optimize operations: 69 per cent of legal operations professionals saying their law departments are standardizing in the cloud.
• Data security is top-of-mind: 94 per cent (+3% YoY) of respondents reported they have data security concerns around distributing electronically stored information to multiple discovery vendors and law firms.

• The integration of OpenText Magellan text analytics into OpenText Axcelerate for eDiscovery, investigations, and regulatory response.
• A new platform integration between OpenText Axcelerate and Veritone to automate machine translation on-the-fly, helping to reduce costs associated with manual translation and expedite the review of multi-language documents.
• New enhanced templates for OpenText EnCase eDiscovery to help legal teams standardize methodology and reduce the time to create a new project by 75 per cent or more.
• The integration of OpenText eDOCS with OpenText MindServer, an AI-powered search engine add-on, to provide quick and automatic search models.
• A completely new UI for OpenText Decisiv reinvents the user experience and provides a mobile-responsive layout with an intuitive single search bar and robust smart filters.

This entry was posted on February 4, 2020 at 9:13 pm and is filed under Commentary with tags OpenText. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.