FTI Consulting Announces Latest Version of Ringtail® E-Discovery Software with Predictive Coding Unique Visual Predictive Coding Capabilities Help Corporations and Law Firms Accelerate Document Review and Reduce E-Discovery Costs
WEST PALM BEACH, Fla., Aug. 5, 2013 /PRNewswire/ -- FTI Consulting, Inc. (NYSE: FCN), the global business advisory firm dedicated to helping organizations protect and enhance their enterprise value, today announced that its FTI Technology business segment is launching a new version of its award-winning Ringtail e-discovery software. Building on years of experience with predictive coding technology and workflow, FTI Technology has designed an intuitive and visual predictive coding feature that provides users with confidence in the results.
"FTI Technology's proprietary visualization technology and focus on the user experience helps differentiate its predictive technology from other predictive coding offerings," said attorney David Horrigan, Analyst with 451 Research. "Unlike e-discovery software of bygone days, the predictive coding functionality within Ringtail is easy to use, and the visual dashboard provides users with a unique interface to better understand the coding results."
Ringtail's predictive coding delivers a unique visual approach to the process of creating and training a classifier to code large document sets quickly and defensibly. The application includes an intuitive workflow, visual validation of a model's performance, and a projections matrix. This matrix enables teams to examine recall and precision targets and weigh them in context with the costs and benefits of the corresponding review volumes. The predictive coding functionality is supported by statistical sampling as well as Ringtail's visual analysis and review capabilities.
"FTI has applied predictive coding on numerous massive-scale cases to reduce legal review costs with our Predictive Discovery service offering," said David Grant, a Senior Managing Director within the FTI Technology segment. "Our direct experience on these matters led to the development of a fully integrated predictive coding capability that is easy to use and adaptable to the changing demands of e-discovery."
In addition to the predictive coding functionality, Ringtail offers a number of new features and enhancements that enable users to:
- Create statistically representative sets within the document population to analyze the data and determine trends, characteristics and the potential cost of review.
- Import and manage transcript files or collections from LiveNote and easily browse, search, annotate, link, report and export the materials.
- Analyze large document populations faster and more easily than ever due to numerous usability and performance enhancements to Ringtail Analytics.
- Collate related information with ease by linking documents to issues, binders, transcripts, saved searches and other objects in Ringtail.
Ringtail provides a complete e-discovery solution that combines case management and document review in a single platform. This includes powerful data analytics and visual review tools that dramatically increase the productivity and efficiency of legal review. In total, Ringtail is a powerful e-discovery platform with flexible deployment options and market-leading functionality designed to dramatically increase reviewer productivity and reduce the overall costs of e-discovery.
FTI Technology was recently named as a "leader" in Gartner's "Magic Quadrant for E-Discovery Software" report (Debra Logan, Alan Dayley, Sheila Childs, June 10th, 2013). From its award-winning Ringtail software to its Acuity™ managed review service and Predictive Discovery solution, FTI Technology helps clients streamline the entire e-discovery process and provides a single point of e-discovery accountability. Altogether, FTI Technology provides a smart and comprehensive approach to improve the e-discovery process, contain costs without cutting corners and manage critical enterprise information demands.
The latest version of Ringtail software will be available to on-demand users by the end of the third quarter of 2013. FTI Technology will provide Ringtail product demos in booth 445 at the ILTA 2013 conference in Las Vegas, August 18th to 22nd, 2013.
For more information on Ringtail or FTI Technology, please visit www.ftitechnology.com.
About FTI Consulting
FTI Consulting, Inc. is a global business advisory firm dedicated to helping organizations protect and enhance enterprise value in an increasingly complex legal, regulatory and economic environment. With over 4,000 employees located in 24 countries, FTI Consulting professionals work closely with clients to anticipate, illuminate and overcome complex business challenges in areas such as investigations, litigation, mergers and acquisitions, regulatory issues, reputation management, strategic communications and restructuring. The Company generated $1.58 billion in revenues during fiscal year 2012. More information can be found at www.fticonsulting.com.
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