Acuity Outsourced Document Review Answers Market Need: Cost Predictability for E-discovery
All-in-One Approach Simplifies Document Review, the Most Expensive E-discovery Process
NEW YORK, June 14, 2011 /PRNewswire via COMTEX/ -- FTI Consulting, Inc. (NYSE: FCN), the global business advisory firm dedicated to helping organizations protect and enhance their enterprise value, today announced that Acuity, an outsourced document review offering from its FTI Technology business segment, continues to enjoy strong market momentum among corporations and law firms. Since launching in 2010, Acuity has delivered fast, cost-effective and defensible document reviews on matters ranging from HSR "second requests" to small and large-scale litigation. With Acuity, clients have saved hundreds of thousands of dollars on the review of millions of documents, including on international matters requiring review of foreign language documents.
"Acuity helps to improve cost predictability in legal review," said Ryan C. Thomas, of counsel, Jones Day. "Besides knowing the total cost of a legal review before it begins, Acuity helps clients simplify the whole project, providing peace of mind that we are meeting and exceeding our legal review obligations."
As an all-in-one offering, Acuity simplifies the complex document review process with one point of contact and accountability for the entire document review, from processing to production. In addition to predictable pricing, Acuity dramatically reduces legal review costs through use of advanced technology and innovative document review workflows that are guided by clients' counsel.
"Legal review is a complex, expensive process that is prone to a number of inefficiencies due to the number of players normally involved," said Brian Babineau, senior analyst with Enterprise Strategy Group. "As an all-in-one offering, Acuity addresses this through a single package, offering predictable pricing, trained professionals, proven e-discovery software, auditable workflows and a single point of accountability."
With Acuity, corporations and law firms can:
- Meet production deadlines and the expectations of counsel. Teams and workflow are designed and managed to the end result and with a single point of accountability.
- Stay within budget. With predictable pricing, all costs are approved by clients before the project begins.
- Focus on legal strategy. The Acuity team manages all aspects of the day-to-day review activities, including the technology, reviewers and workflow. Legal teams receive the relevant documents every night, as well as regular progress reports on project status. This enables clients to spend less time on project management and more time on case strategy.
"Legal review's cost and complexity create budget and project management challenges for legal teams," said Sophie Ross, a senior managing director in the FTI Technology practice. "Acuity has attracted corporations and law firms, many of them for repeat business, because of its value proposition: predictable pricing and defensible legal review from one reliable partner."
Additional information on Acuity, including an in-depth white paper and client case study webcast, is available at www.ftitechnology.com/acuity.
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 3,700 employees located in 22 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 and restructuring. The company generated $1.4 billion in revenues during fiscal year 2010. More information can be found at http://www.fticonsulting.com/.
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SOURCE FTI Consulting, Inc.