LOS ANGELES, June 23 /PRNewswire-FirstCall/ -- From the LegalTech West conference, 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 has launched the enhanced Ringtail Analytics module for the market-leading Ringtail e-discovery platform. The updated offering includes the popular clustering and visual review capabilities of Document Mapper as well as two components, Smart Decision and Concept Mapper, designed to assist in early case assessments (ECA), keyword testing and the faster creation of review assignments. In total, the expanded Ringtail Analytics module provides powerful data analytics and visual review tools that together dramatically increase the productivity and efficiency of legal review.
"Ringtail Analytics has produced tangible productivity gains for our review teams and we expect it will provide substantial cost savings to our clients moving forward," said Danny Chan, eDiscovery/litigation support project manager of Bereskin & Parr LLP. "As data volumes grow, linear review technology becomes inefficient. Fortunately, Ringtail Analytics lets us smartly cut through the data, understand key concepts and review relevant documents faster and more effectively."
Ringtail Analytics is comprised of three complementary components:
- Smart Decision: Smart Decision helps clients rapidly test and sample keywords across millions of documents while also providing advanced whole-case reporting and familiar pivot table capabilities to track project status and review metrics.
- Concept Mapper: Concept Mapper organizes large-scale document collections by key concepts and concept frequency into a simple and easy-to-use dashboard. Using Concept Mapper, legal teams can quickly build assignments based on specific themes then route to the Ringtail review workflow which ensures that the most important documents will be reviewed first.
- Document Mapper: The Document Mapper review interface is an integrated component of the Ringtail Analytics module and can be used at any stage of the e-discovery or review process, including for early case assessments, investigations, preparing for depositions or for quality control of reviewed documents.
"In a recent study, 39 percent of Fortune 1000 inside counsel respondents said they are using visualization and clustering tools to speed the review process," said Ed Pfromer, senior managing director, FTI Technology. "This number is likely to grow as legal teams realize that linear review is no longer an adequate solution for e-discovery volumes and court-defined deadlines. We were an early innovator in visualization and clustering for e-discovery, and with this enhanced release, Ringtail Analytics further refines the user experience and greatly expands the reach of these critical technologies to encompass larger data sets and more use cases than ever before."
Through its comprehensive portfolio of e-discovery software, services and consulting, FTI Technology is transforming the way corporations and their law firms globally manage e-discovery for legal and regulatory events. Through offerings such as FTI Acuity, FTI Technology's e-discovery services and consulting help streamline the entire e-discovery process and can provide clients a single point of e-discovery accountability. The comprehensive portfolio of FTI Technology software, including Attenex and Ringtail, delivers advanced technology for the most mission-critical and costly steps of e-discovery. FTI Technology's e-discovery software can be deployed either on-premise or on-demand as a hosted solution, a hybrid capability that helps clients scale to the unique demands of each legal matter without sacrificing a consistent and cost-effective e-discovery process. Altogether, FTI Technology provides a smart and comprehensive approach to improve the e-discovery process, contain costs without cutting corners, and manage client's critical enterprise information demands.
Ringtail Analytics is available immediately. For a demo of Ringtail Analytics, please visit booth 109. For more information on Ringtail Analytics 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 more than 3,400 employees located in most major business centers in the world, we work closely with clients every day to anticipate, illuminate, and overcome complex business challenges in areas such as investigations, litigation, mergers and acquisitions, regulatory issues, reputation management and restructuring. More information can be found at www.fticonsulting.com.
QuickCull®, Attenex®, Patterns®, and Ringtail® are registered trademarks of FTI Consulting, Inc.
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SOURCE FTI Consulting, Inc.