Introduces New Intelligent “Prioritization” Technology
NEW YORK and LONDON, Sept. 29, 2009 (GLOBE NEWSWIRE) — Epiq Systems, Inc.
(Nasdaq:EPIQ), a leading provider of technology solutions to the legal
profession, announces the release of IQ Review(TM), a revolutionary
combination of new intelligent technology and smart procedures. IQ
Review(TM) addresses the challenge of rapidly locating the documents that
are actually responsive to a matter-typically less than 20 percent-within
increasing volumes of data and in mandated short timeframes.
Most groundbreaking is that IQ Review(TM) incorporates new “prioritization”
technology into DocuMatrix(TM), Epiq’s flagship document management
platform. A legal expert assigned to a case “teaches” the software to
identify documents as “responsive” or “non-responsive”. Learning from the
expert, the technology determines patterns in content across all of the
data, rates each document, and fast tracks the most responsive to the
beginning of the review-the result is intelligent “Prioritized Review.”
By reviewing the most responsive documents first, the legal team can make
decisions on strategy earlier. Time spent on documents inconsequential to a
case diminishes, along with review costs.
“Prioritizing documents before review begins presents a dramatic shift in
the way review is conducted,” explains Greg Wildisen, International Managing
Director, Epiq Systems. “Epiq’s IQ Review(TM) focuses human expertise
upfront in a case and reduces attorney time spent on documents irrelevant to
a matter, which cuts review costs for our clients and allows them to focus
on case strategy early in the process.”
Early adopters of Epiq’s IQ Review(TM) include international law firm Allen
& Overy LLP, which conducts services in 31 business centers worldwide.
According to Vince Neicho, Litigation Support Manager at Allen & Overy,
“Cases have become more complex as potential evidence can be hidden through
an elaborate maze of email attachments, large document files, and text
messages. Epiq’s IQ Review(TM) helps lawyers better understand the data and
achieve the best possible outcomes for their clients more quickly.”
He added, “Our early experience in integrating the new ‘prioritize’
phase into our legal review processes creates an infrastructure that allows
our legal review team to zero in on information relevant to our matters
faster.”
Epiq Systems is a global Top 5 e-discovery service provider in both
processing and review, and has served as a pioneer in integrating advanced
analytics into its flagship document review platform, DocuMatrix(TM). IQ
Review(TM) has built on this history and introduces new intelligent review
prioritization that fundamentally changes the discovery process.
About Epiq Systems
Epiq Systems is a leading global provider of integrated technology solutions
for the legal profession. Our solutions streamline the administration of
bankruptcy, litigation, financial transactions and regulatory compliance
matters. We offer innovative technology for electronic discovery, document
review, legal notification, claims administration and controlled
disbursement of funds. Our clients include leading law firms, corporate
legal departments, bankruptcy trustees and other professional advisors who
require innovative technology, responsive service and deep subject-matter
expertise.
The Epiq Systems, Inc. logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=5250
For more information
For all analyst and investor inquiries, please contact Lew Schroeber, Vice
President, Investor Relations, at [email protected] or 913-621-9500.
For client inquiries, please contact Greg Wildisen, International Managing
Director, at [email protected] or 212-225-9282.
For press inquiries, please contact Cindy Morgan-Olson, Public Relations, at
[email protected] or 646-408-5896.
Please visit http://iQReview.epiqsystems.com.
