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Managed Review: Financial Industry

Technology Assisted Review

A large bank facing a pressing deadline contacted E-STET to see if we could leverage technology to improve their document review. Our managed review cut down on review time and cost and improved accuracy.

 

The Challenge: Cost Overruns and Impending Deadline

Half of the collected and culled data had been reviewed and the production deadline was only two weeks away. The client was already over budget and couldn't continue review by outside counsel.  Traditional solutions might have been to attempt to renegotiate the deadline or to double the size of the review team with new and unknowledgeable attorneys. E-STET found a better answer.

 

The Solution: Technology-Assisted Review

E-STET created a custom TAR workflow that would leverage the work already performed in the case. Following a knowledge transfer process, E-STET’s attorney review manager was able to use the previous coding, along with newly coded samples and iterative reinforcement, to train a relevancy-ranking tool on the document population. The documents remaining for review were ranked in terms of their relevance to the case. E-STET performed random sampling for validation and defensibility purposes. Counsel decided to produce only the highest third of relevancy ranked documents.

 
Linear review of unorganized documents reduces both efficiency and consistency.

Linear review of unorganized documents reduces both efficiency and consistency.

Ranking by relevancy lets you focus on the more important documents.

Ranking by relevancy lets you focus on the more important documents.

 

The Result

Using this technology-assisted approach to review, the client easily met their demanding production deadline. More importantly, E-STET was able to save the client 85% compared to what they would have spent by continuing with their initial review process.