Solution packages technology and consulting services to help ready
organizations for litigation; April 28 Webinar will offer tactics for
litigation preparedness
Visit Iron Mountain at the 2010 AIIM International Exposition &
Conference in Booth #2219
BOSTON, Apr 20, 2010 (BUSINESS WIRE) --Iron
Mountain Incorporated (NYSE: IRM), an information management
services company, today introduced the Iron Mountain Litigation
Support Solution, a new offering to help enterprises find and
organize their paper information when preparing for and responding to
litigation. Combining records management technology with consulting,
Iron Mountain's Litigation Support Solution helps organizations quickly
sift through their stores of hardcopy records and digitize documents so
they can be processed more efficiently for legal review. By converting
paper documents into electronic files, companies can enable a seamless
process for discovering physical and digital information spread across
their organization, cutting cost and complexity while improving
compliance.
Iron Mountain's Litigation Support Solution comprises the company's
records management software, document scanning, and integration with
review and archiving services, providing a suite of tools for accessing
hardcopy information, digitizing it and readying it for legal review.
Once digitized, companies can load information directly into an
electronic discovery (eDiscovery) service, such as Iron Mountain's Stratify
Legal Discovery(R), enabling them to move quickly to early-case
assessment, document review and production. In addition, organizations
can leverage Iron Mountain's consulting expertise to set records
policies like retention schedules and legal holds for managing
information and the discovery process.
Iron Mountain's Litigation Support Solution also helps organizations
create an information management program that meets complex litigation
and discovery requirements by ensuring full chain of custody and
accountability. In doing so, Iron Mountain's Litigation Support Solution
improves regulatory compliance, reduces the complexity of the discovery
process, increases response time, and helps mitigate the mounting costs
of litigation.
"Our customers are coming to us, as the keepers of their information,
and asking us to help them make sure they can find information quickly
and cost-effectively in the event of litigation," said Chris Churchill,
vice president of Document Management Solutions for Iron Mountain.
"Because we often already store their critical information, we can image
and deliver those documents electronically for litigation review without
them ever leaving the security of our records centers or incurring
transportation costs. Combined with Iron Mountain's Stratify eDiscovery
services, we can provide a complete package for dealing with litigation
and discovery quickly, effectively and efficiently."
Litigation, Cost on the Rise
Putting the people, processes and technology in place to respond
effectively to litigation requests has become an area of intense focus
for organizations, leading to a sharp rise in litigation spending. In
the 2009 edition of the annual Litigation Trends Survey Report,
international law firm Fulbright
& Jaworski reported that more than half (53 percent) of the 408
companies surveyed spend $1 million or more on the litigation process
every year. Since 2007, three times as many small companies (those with
less than $100 million in revenue) are spending more than $1 million
annually on litigation, growing from 4 percent to 13 percent. Among
mid-size companies, or those with revenues between $100 million-$999
million, the percentage spending more than $1 million climbed from 26 to
38 percent.
"In today's increasingly regulated and litigious business environment,
managing legal discovery and risk mitigation, improving business
processes, and controlling costs have become critical to corporate
success," said Jarad Carleton, principal consultant, Information and
Communication Technologies Practice, Frost & Sullivan. "Iron Mountain's
Litigation Support Solution portfolio of services addresses each of
these key areas and raises the bar on litigation readiness, allowing
companies to more quickly respond to discovery while helping them to
contain legal fees. For those organizations focused on business
strategy, process improvement, risk mitigation, and cost reduction, a
comprehensive set of services and expertise like this can provide true
bottom-line impact for their business."
Iron Mountain's Litigation Support Solution features capabilities for
responding to both immediate and future litigation, including:
- Litigation imaging workflow - ensures security, control and
compliance throughout the entire physical-to-digital conversion
process with options for Bates numbering, subjective and bibliographic
coding, and logical document determination for increased speed and
greater accuracy during the review process;
- Integration with eDiscovery solutions - enables the central
management of the entire discovery portfolio while reducing cost and
risk, identifying the records needed for a particular litigation and
rapid document review for production;
- Consistent records management - standardized management of both
active and inactive records regardless of location or format, allowing
for scheduled and secure retrieval/ delivery, search, access,
tracking, management, and policy application with clear audit trails;
- Consulting expertise - Iron Mountain's consulting team advises
companies on the information management and discovery lifecycle,
including developing retention schedules, identifying key records and
building discovery response processes.
Iron Mountain will join with AIIM
for an April 28 Webinar on the topic of litigation preparedness that
will feature Susan Trombley, director of eRecords Practice for Iron
Mountain. The Webinar will offer tips for dealing with the discovery
process, from identifying the most susceptible business content to
employing records retention schedules for containing cost and risk. The
Webinar will also outline proper strategies for managing records and
setting effective legal hold processes. For more information or to
register, visit http://www.ironmountain.com/company/Are-you-Ready-for-Litigation-.html.
About Iron Mountain
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 at www.twitter.com/IronMountainInc
for more information.
Photos/Multimedia Gallery Available: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=6256047&lang=en
SOURCE: Iron Mountain Incorporated
Iron Mountain
Christian T. Potts, 617-535-8721
christian.potts@ironmountain.com
or
Weber Shandwick
Kristen Georgian, 617-520-7042
kgeorgian@webershandwick.com