DiscoverReady Releases PrivBank 2.0 for Enhanced Identification of Privileged Files
Automated Process Now Available as a Standalone Solution or Managed Service, and Offers Integration with Preferred Third-party Applications
NEW YORK – January 31, 2011 – DiscoverReady, a leading professional services firm focused on streamlining discovery management for corporate legal departments and their counsel, today announced the availability of PrivBank® 2.0, which offers additional options and enhancements to efficiently manage the identification of privileged files at the enterprise or case level. The solution will be unveiled for the first time this week at LegalTech East at DiscoverReady booths #126-128.
DiscoverReady clients will now be able to install PrivBank 2.0 as a standalone solution, or managed service application, and will have the flexibility to integrate it with preferred third-party applications such as those provided by Clearwell, Relativity, Attenex and others they may already be utilizing. Licensing of the software will be available to corporations and law firms on a per-document basis. Corporations will also have the option to license PrivBank on a subscription-use basis.
By combining standardized, repeatable processes with patent-pending technology and proprietary databases, PrivBank significantly reduces the risk of inadvertent production of privileged information and has the potential to serve a vital role in establishing a defensible process under Federal Rule of Evidence 502. PrivBank privilege review software represents the investment of thousands of hours of research, review and analysis, and includes both standardized and custom-search queries for identifying potentially privileged communications. These same analytics and queries have been tested and enhanced through the deployment of PrivBank in connection with the review of tens of millions of electronic files.
“PrivBank has played a pivotal role in our industry-leading reviews since 2007,” said Jim Wagner, Chief Executive Officer of DiscoverReady. “With PrivBank 2.0, we are pleased to make this risk-reducing and cost-effective application available directly to the corporate and law firm market on a standalone basis. For any corporation or law firm that has gone down the path of insourcing some portion of the e-discovery process, PrivBank is a perfect complement and the natural cornerstone of a repeatable and efficient privilege screening process.”
PrivBank 2.0 represents a substantial improvement over the first-generation PrivBank, including improved ease of installation and deployment.
“With PrivBank 2.0 clients are able to install the application and begin executing simple, but incredibly powerful, privilege screens within hours,” said Rachi Messing, Vice President and PrivBank product manager at DiscoverReady. “Clients also have the opportunity to tap into our senior solutions specialists, who have incredible experience developing and executing sophisticated workflows and advanced queries. For those clients who want to leverage this experience on an ongoing basis, our Managed Services team will serve a critical and cost-effective role in managing the PrivBank process.”
PrivBank 2.0 provides these key advantages:
- Local Installation – PrivBank 2.0 can easily be installed locally in less than one day
- Immediate Benefits – Within hours of installation, clients can perform simple queries yielding powerful search results
- Third Party Integration – Seamless integration with leading third party applications from Clearwell, Relativity, Attenex and others
DiscoverReady® is a leading professional services firm with an exclusive focus on streamlining discovery management for corporate legal departments and their counsel. We are driven to find better ways to lower costs, reduce risk and improve quality within the discovery process, propelled by the best and brightest discovery professionals, leading technologies, and time- and court-tested processes. As pioneers in fixed-fee document review and now, automated review, DiscoverReady leverages our collective intelligence to bring our clients solutions and services which are tailored for today’s evolving legal needs.
DiscoverReady was founded in 2005 and is headquartered in New York City with a main operations center in Charlotte. It is majority-owned by The Dolan Company (NYSE: DM), a leading provider of professional services and business information to the legal profession. For more information, visit www.discovery2016.wpengine.com or the DiscoverReady blog http://discoverready.com/blog/. For more information about The Dolan Company, visit www.thedolancompany.com.
Safe Harbor Statement
This release may contain forward-looking statements that reflect DiscoverReady’s current expectations and projections about future results, performance, prospects and opportunities. The words “anticipates,” “expects,” “believes,” “continue,” “will,” and similar expressions are intended to identify forward-looking statements. Such forward-looking statements are based on information currently available to DiscoverReady and are subject to risks, uncertainties and other factors that may cause actual results or performance to be materially different from those expressed in, or implied by, the forward looking statements. These risks, uncertainties and other factors include, but are not limited to, that: DiscoverReady operates in a highly competitive industry and changes in this industry could have an adverse effect on revenues, cash flows and profitability; DiscoverReady’s performance is dependent on the skills and knowledge of its chief executive officer and president; and DiscoverReady’s revenues are concentrated among a few customers and if these customers choose to manage and perform their discovery internally or with another provider and if DiscoverReady is unable to develop new customer relationships, operating results and the ability to execute growth strategies at DiscoverReady may be adversely affected. Please also see “Risk Factors” contained in Item 1A of The Dolan Company’s annual report on Form 10-K filed with the SEC on March 8, 2010, which is available at the SEC’s web site at www.sec.gov, for a further description of risks, uncertainties and factors that could cause actual results, performance, prospects or opportunities to differ materially from those expressed in, or implied by, forward looking statements.
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