DiscoverReady Expands Financial Services Practice Group to Address Legal Activity Surge

June 23, 2008 – New York, NY – Recent subprime mortgage and auction rate security fallout has intensified legal activity at financial institutions, resulting from private investor litigation and increased regulatory investigations. Simultaneously, financial institutions are under enormous pressure to reduce costs, as earnings suffer and jobs/resources are severely cut or eliminated.

Responding to corporate counsel’s escalating work volume and cost-cutting priorities, New York-based DiscoverReady LLC (www.DiscoverReady.com), which outsources document review for Fortune 500 corporate counsel, is expanding its financial services practice group.

DiscoverReady President Steve Harber says, “Today’s financial institutions face a growing burden to produce enormous amounts of email for matters making headline news. Therefore, DiscoverReady is augmenting its financial services team to better assist corporate counsel in cutting costs and managing their review process.”

DiscoverReady develops unique project management, quality control and technology systems to cut document review costs by up to 75% for corporate clients. Rather than charging an hourly rate for reviews like law firms do, DiscoverReady charges a fixed price per document. This model reduces cost, speeds turnaround time, and allows corporations to accurately set budgets while improving quality.

In early June 2008, DiscoverReady hired former Merrill Lynch Counsel and VP Amy Hinzmann as its new VP of Discovery Strategy. Hinzmann will spearhead the company’s further expansion into the financial services market. Her understanding of complex financial products and current regulatory climate enable her to expertly advise DiscoverReady’s financial clients.

Hinzmann explains, “Financial institutions need to cut costs. Also, they are shouldering increasing volumes of litigation and regulatory matters. DiscoverReady’s approach to document review is significantly more efficient and less expensive than projects led by law firms or staffing agencies. I will assist financial clients by implementing DiscoverReady’s approach to achieve cost control and defensibility, and will seek long-term solutions to discovery issues plaguing the industry.

About DiscoverReady LLC

DiscoverReady is a professional services company focused exclusively on streamlining the document review process and reducing discovery costs. DiscoverReady provides law firms and legal departments with effective Discovery Management solutions delivered by highly skilled professional resources. Founded in 2005, DiscoverReady is headquartered in NYC. Call 212-699-3965 or visit www.DiscoverReady.com.