e-discovery future trends

7/29/2019 E-Discovery Future Trends

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Caseopea

The Future ofContent

Search & Discovery


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Discovery - the pre-trial phase in which each party can request andsubpoena documents and other evidence from other parties

e-Discovery Discovery of documents in electronic form - ESI(Electronically Stored Information)

e-Discovery was officially enforced fall 2006 through several amendmentsto Federal Rules of Civil Procedures (FCRP - 2006)

The Arena


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Searching, reviewing and analyzing admissible content

Content subjected to Discovery is growing in volume and complexity

Millions of documents - mainly emails

Hundreds of gigabytes - terabytes of data

Diverse sources and forms:documents, memos, email, chats, spreadsheets, databases, web pages

Dispersed context need to analyze multiple documents in a shared and

unfolding context.

Highly casual and temporal media (emails, chats)

The Scene


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Sky-rocketing costs (An average commercial case can cost $10-20 million)

Significant fear factor extreme costs of errors. Low accuracy = high risk(Courts can be very unforgiving, imposing fines of $10s of millions)

Prolonged disruptive processes(3-6 Months of major disruption to daily operations)

Enterprises are forced to settle unfavorably just to avoid costs

Automation is the only practical solution

The process of producing admissible material has becomeintractable

The Pain


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$12 billionOverall Expenditureon e-Discovery litigation support in 2007 up 23% from $9.7 billion in 2006.Expected growth well over 20% for the next 2-3 years (IDC)

$3 billion Spent on Software & Servicesin2007(Socha-Gelbmann). Estimated to exceed$4 billion in 2009. Forrester predicts$4.8 billion by 2011

$10-15 millionAverage costofReview & Analysisin commercial cases.

$10 millionper case Charged on average by e-Discovery outsourcing service providers.

Automatic clustering tools charge $10,000-$30,000 per gigabyte of scanned data

$250,000minimum tag price for enterprise tools licenses pricing climbs to over $millionfor top marketplatforms.

A lucrative and fast growing market

The Market


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Document

ManagementSystem

Submission

1,000,.. TB 2TB15GB

1/2 Mil Pages

50GB

500K Pages

(Hosting Selection)

$50,000 for Year $15,000 $6-8 Million

The e-Discovery value chain Caseopea Analyzer

Collection andIdentification

Pre processing Review andanalysis

Production

Volume

Cost

The Opportunity


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Review & Analysis accounts for 80%-90% of e-Discovery cost

Better automation can save 60%-80% of cost - average saving of$3-5 millions per case

The Opportunity

e-Discovery is considered as the forefront of enterprise mail search -a market that is growing at even a greater pace.


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There is a dire need for a better solution

Army of reviewers expensive, slow, error proneA vast coordination problem: a highly iterative, repetitive process requiring continuoussharing of discovered facts

Existing search tools (keywords, boolean operators) provide limited support(Stocks AND (Shares OR Options) AND (NOT OR Warrants ?#!#!$& ..)

Current filtering techniques still generate around 70% of irrelevant content

Existing analysis tools (clustering, classification), leave too much for manual analysisComplex visual maps of repeating textual patterns provide little insight into real content

Current Solutions


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Staff warning about dubious financial loans

email X: We argued with Paul about extending Sprouts Corps credit, Liz expressed her reservations

email Y: Sprouts request for another grace period got me really worried

email Z: Accounting are concerned about Sprouts ability to pay back its creditors.

email X: I lent Mary my laptop

email Z: I wished she would listen to my warnings about taking the office holiday loan

Searching an email collection for:

Caseopea will find:

Caseopea will filter out:

The Meaning Beyond the Words


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Dramatically reduces e-Discovery costs

Facilitates effective knowledge and sharing

Significantly speeds up the e-Discovery process

Minimizes errors

Facilitates effective exploration / investigation of opponents material

Capturing the meaning beyond words

Caseopea


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Truly comprehends text - Combines linguistics, semantics, and common sense.

Analyzes documents progressively - from start to end (much like humans do)Analyzes content across multiple passages and documents

Understands free language queries (including full passages)

Extracts events and facts

Incorporates meta data (time,location, identity) into content analysis

Supports fully federated search & analysis for expert users (workflows, rules, logic, history)

Easily customizable (easy expansion with case-specific knowledge)

A functional drilldown

Caseopea


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Document ManagementSystems

Autonomy, ,AXS, Guidance, HP, IBM,LexisNexis,Microsoft, Symantec

Collection, Preservation tools Autonomy, AXS, Guidance, Fios, FTI, Isys, Symantec

Analysis and Review tools Attenex, Autonomy, AXS, Clearwell, CT-Summation,LexisNexis, FTI, MetaLincs, Recommind, Symantec

Review and Productionservice providers

Autonomy, Case Central, Fios, Guidance, H5, LexisNexis,KPMG, Kroll Ontrack, Stratify

Overall service providersservice provider

Autonomy, EED Inc,FTI,Guidance,LexisNexis,KPMG,Kroll Ontrack, Stratify

Review platforms are geared towards production of discovery material,

Analyzing your opponents material is even harder!

[Competitors] [Competitors and Potential Partners] [Potential Partners]

Market Landscape


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Attenex Autonomy Zantaz Clearwell Lexis Nexis CaseopeaMain analysis capability Clustering Indexing Clustering Indexing Full Text

Understanding

Find all relevantcontent (Recall).

M M M L H

Find only relevant

content (Precision).L+ L+ L L- H

Query Capabilities Nouns / Idioms Nouns / Idioms Boolean Boolean Full passages

Fact Extraction no no no no H

Event Extraction no no no no H

Customization L+ M L L H

Knowledge Sharing LM M LM M HCase Exploration L L+ no L H

Speed H H L M LM

Ease of Setup H L- H L- H

Competitive Advantage


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On Site - Search, Review and Analysis platform (site license) Add-on to document management systems Search (Guided, Unguided)

Extraction / Tagging Monitoring Evidence discovery in responsive content Services (Consulting, Integration)

SAAS (pay per case / volume)

Independent Review & Analysis service Co-operation with established outsourcing service providers revenuesharing

Support for currently uncovered market niche, review & analysis ofopponents EDD material (suing parties)

Business Model


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July 2007 Autonomy acquired Zantaz for $375 million.

November 2007IronMountainacquiredStratify for$158 million.

December 2007SeagateacquiredMetaLincsfor$80 million.

June 2008FTI Consulting acquiredAttenexfor$90 million.

July 2008 InterwovenacquiredDiscovery Mining inc for$60 million.

August 2008Edmond Scientific Co (ESC) acquiredAccess Litigations foranundisclosed amount (estimated at $50-60 million).

Recent Acquisitions

Technology providers are hot targets for M&A


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Semantic Web Search(TTM 3-4 years)

Generic email Search (Enterprise and Consumers)(TTM 2-3 years)

e-Discovery(TTM - 1 year)

Strategic Evolution


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Taming

e-Discovery

Thanks for your time

Caseopea


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Extracted from the 2008 Socha-Gelbmann Survey

Market Size


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Software & Services revenues

Market Size


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100 Gigabyte data - 1.5 millions documents

Attorney review capacity (unassisted) 10-30 documents p/h, rate per hour $200

Hours needed for review 50,000 total cost $10 million

Conventional review and analysis tools reduce time and costs by 20% - saving $2 million.Saving achieved through basic filtering and customized review tools (reducing the number of documentsfor review and facilitating a more convenient manual review)

Current filtering technology still leaves reviewers with an average of70% irrelevant data.

Higher and better automationcan achieve 60%-80% saving

(achieved through intelligent search, deep culling and case-base content extraction)

(Courtesy of a leading Review & Analysis tools vendor)

A Typical Showcase

e-discovery future trends

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