Adoption Reduces Risks and Increases eDiscovery Efficiencies
BOSTON, May 04, 2010 (BUSINESS WIRE) --Iron
Mountain Incorporated (NYSE: IRM), an information management
services company, today announced that Texas-based law firm Haynes
and Boone, LLP has implemented the Iron Mountain eVantage solution
as a firm-wide eDiscovery platform to manage client data and reduce
costs associated with the growth of electronic information in litigation
and regulatory matters. Iron
Mountain's eVantage(TM) solution helps law firms, enterprises and
litigation service providers lower eDiscovery costs by providing on-site
processing and early assessment capabilities to reduce the amount of
data requiring attorney review. When it is time for substantive legal
review, the eVantage solution can seamlessly feed the information to
Iron Mountain's Stratify
Legal Discovery(R) Review solution, a cloud-based review platform.
Haynes and Boone already employed extensive technology to provide cost
effective, expert legal services to its clients around the world. But as
eDiscovery became a part of most matters, the firm sought a new approach
for managing large volumes of unfiltered and duplicative client
electronic data that must be assessed and prepared for attorney review.
Working with the Iron Mountain eDiscovery team, Haynes and Boone
developed a workflow using the eVantage solution to intake, analyze, and
reduce the number of responsive documents needing attorney review. Prior
to using the eVantage solution, either the firm or a third party vendor
would process a much larger volume of documents for attorney review.
"Even though we are still in the implementation phase of using the
eVantage solution the firm has achieved measurable improvements in how
it manages client data," said Thom Wisinski, Chief Knowledge Officer at
Haynes and Boone. "In one of our first matters using the new workflow,
we reduced the review data by 83 percent, resulting in significant cost
savings for our client. Even technology-challenged attorneys now use
eVantage analytics such as metadata-based search, domain-name filtering,
and email-thread analysis to quickly analyze data and manage potential
risks."
Haynes and Boone selected Iron Mountain's eVantage solution to support
its strategy for managing client data because of these benefits:
- Significant Cost Savings. Case teams at Haynes and Boone are
now able to control processing costs for their clients by efficiently
reducing the amount of data for legal review. And review costs are
lower because lawyers spend fewer billable hours on the culled-down
data. First-pass review and strategy development happen much faster
with sophisticated filtering, culling and analytics applied upfront.
- Easy Access to the Data. Haynes and Boone case teams can easily
access the data on site in case the scope changes and they need to
check for additional responsive documents. Attorneys can perform this
work as a case evolves, with no additional burden to the client.
- Legally Defensible Approach. The eVantage solution's culling
and analysis process, along with reporting capabilities provide a
defensible basis for potential legal challenges down the road.
Attorneys using eVantage analysis capabilities can validate that a
collection was properly done, or sometimes find gaps to address. They
can also filter out documents or eliminate duplicates and have an
audit trail with updated eVantage filtering, matter processing and
exception reports.
- Efficient Work Flow. The substantive review phase is more
efficient with the eVantage solution's seamless transition to Iron
Mountain's Stratify Legal Discovery(R) hosted review. Review attorneys
can re-use eVantage work product such as privilege tagging so
attorneys don't review and tag documents a second time. Tagging done
in eVantage can also speed review workflow and assignments. In
addition, eVantage exports to other review platforms if preferred.
Iron Mountain uniquely delivers end-to-end eDiscovery solutions
consisting of Connected(R)
Classify & Collect, simplified laptop and desktop data
collection; NearPoint, on-site content archiving; eVantage, on-site data
reduction and analysis; and Stratify Legal Discovery(R) hosted review and
production services.
"We are very excited that Haynes and Boone chose Iron Mountain eVantage
for its strategic approach to managing client eDiscovery costs and
data," said T.M. Ravi, chief marketing officer at Iron Mountain Digital.
"Our enterprise clients tell us that controlling eDiscovery costs has
become a top priority with the exponential growth in electronic content,
and that they expect their law firms to find ways to lower eDiscovery
costs. With its adoption of Iron Mountain eVantage, Haynes and Boone is
at the forefront of meeting this challenge."
About Haynes and Boone, LLP
Haynes and Boone, LLP is an international corporate law firm with
offices in Texas, New York, California, Washington, D.C., Mexico City
and Moscow, providing a full spectrum of legal services. With almost 550
attorneys, Haynes and Boone is ranked among the largest law firms in the
nation by The National Law Journal. The firm has been recognized
as one of the "Best Corporate Law Firms in America" (Corporate
Board Member Magazine, 2001-2009), as one of "The Best 20 Law Firms
to Work For" (Vault.com, 2009), and as a Top 100 law firm for both
diversity (MultiCultural Law Magazine, 2009) and women (Women
3.0, 2008).
About Iron Mountain Incorporated
Iron Mountain Incorporated (NYSE: IRM) provides information management
services that help organizations lower the costs, risks and
inefficiencies of managing their physical and digital data. The
company's solutions enable customers to protect and better use their
information--regardless of its format, location or lifecycle stage--so
they can optimize their business and ensure proper recovery, compliance
and discovery. Founded in 1951, Iron Mountain manages billions of
information assets, including business records, electronic files,
medical data, emails and more for organizations around the world. Visit www.ironmountain.com
or follow the company on Twitter www.twitter.com/IronMountainInc
for more information.
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SOURCE: Iron Mountain Incorporated
Iron Mountain Incorporated
Laura Sudnik, 508-808-7528
Laura.Sudnik@ironmountain.com
or
For Iron Mountain Incorporated
Kaitlin Barry, 617-520-7018
Kaitlin.Barry@webershandwick.com