The leading knowledge platform for the financial technology industry
The leading knowledge platform for the financial technology industry

A-Team Insight Blogs

Kroll Ontrack Launches the Next Generation of Document Review with the Introduction of Intelligent Prioritisation

Kroll Ontrack, a provider of information management, legal technologies, and data recovery products and services, today announced the launch of Intelligent Prioritisation within Ontrack Inview version 6.2. This new feature is a significant step towards adding innovative Intelligent Review functionality to its industry-leading document review tool. It empowers legal teams to conduct review in a more accurate, defensible manner, and significantly reduces the time and costs associated with review – traditionally a human intensive, decision making process.

Traditional document review is typically conducted in a linear fashion without regard to the importance of the information contained within the data. Revolutionising document review, Intelligent Review Technology (IRT) is built on automated workflow (an automated means to distribute and check-in documents during the review process), the technological framework upon which other aspects of IRT are able to function. Intelligent Prioritisation, the first capability under the IRT umbrella, analyses reviewer categorisation decisions and visually identifies and elevates the documents that are potentially responsive, enabling reviewers to review the most relevant documents to the case first. With access to all of the potentially relevant documents at the earliest stage of review, legal teams can obtain a more comprehensive picture of the case and make better informed, strategic decisions sooner. Furthermore, by prioritising the most relevant documents for review, review managers can allocate resources accordingly and eliminate the potential discovery of critical case elements late in a document review.

In addition, Kroll Ontrack’s Workflow Professional Services team is prepared to help clients leverage Intelligent Prioritisation, further transforming their review process to achieve the consistency, speed and cost savings of automation. Clients also have the option of using Kroll Ontrack’s Document Review Services, facilities and team of highly qualified legal document reviewers to fully leverage Ontrack Inview’s advanced capabilities.

“Document review continues to be the most costly, complicated and time-consuming part of discovery. In fact, document review accounts for 50-90% of total litigation costs,” said Michele Lange, director of discovery product management, Kroll Ontrack. “Efficient and defensible document review requires parties to weed out irrelevant data quickly, review documents proficiently, protect privileged and confidential data, and extract critical information. With Kroll Ontrack’s commitment to innovating technology and processes to improve the practice of discovery, Intelligent Prioritisation is the next building block in bringing Intelligent Review Technology to a whole new level.”

“Streamlining the discovery and document review processes can be challenging, but our consultants can help clients improve their data reduction strategies and reduce review administration time by more than 30%,” added Lange. “With the right combination of people and technology, we expect to revolutionise document review with our innovative industry-specific approach, ensuring consistent, high-quality decisions are applied throughout the entirety of the review process.”

Related content

WEBINAR

Recorded Webinar: Leveraging data lineage to deliver tangible business benefits

Data lineage is central to data quality, accuracy and access. It is also essential to understanding your data and data flows, systems from simple applications to multiple business intelligence solutions, and how people in your organisation are using data. Implemented across the enterprise, data lineage can provide significant business benefits, including new business opportunities, better...

BLOG

RIMES Offers Insight into Benchmarks and Indexes with Index Identifier Service

RIMES has responded to customer requests for a simplified process to gain insight into benchmarks and indexes with RIMES Technologies Index Identifier (RTID). The service is designed to address issues around identifying and tracking the huge variety of identifiers used by index providers and front-office information platforms such as Bloomberg Tickers and Reuters RICs. RTID...

EVENT

RegTech Summit APAC Virtual

RegTech Summit APAC will explore the current regulatory environment in Asia Pacific, the impact of COVID on the RegTech industry and the extent to which the pandemic has acted a catalyst for RegTech adoption in financial markets.

GUIDE

ESG Handbook 2021

A-Team Group’s ESG Handbook 2021 is a ‘must read’ for all capital markets participants, data vendors and solutions providers involved in Environmental, Social and Governance (ESG) investing and product development. It includes extensive coverage of all elements of ESG, from an initial definition and why ESG is important, to existing and emerging regulations, data challenges...