Attenex offers best practices toolkit for companies facing subprime litigation
SEATTLE, WA — May 5, 2008 —Attenex Corp., a leading e-discovery software provider, today announced new subprime litigation resources to help companies make sense of their legal exposure and prepare for possible litigation.
Webinar: “E-Discovery and Risk in the Time of Subprime”
• The webinar will be held May 13 at 10 am PT; to register, please visit www.attenex.com/pr_subprimewebseminar.
• Presenters include Chris McClean, a security and risk analyst with Forrester Research, and David Weber, the director of discovery services for Navigant Consulting.
• Attendees will learn:
1. The top five things that financial services companies should do to assess their risk and prepare for impending litigation
2. How legal, IT and compliance departments can work together to weather this storm and set the foundation for future Governance, Risk and Compliance (GRC) initiatives
3. The role e-discovery plays in GRC and how can it be used as a proactive tool for subprime litigation case strategy and future GRC policy development
Attenex E-Discovery Toolkit for Subprime Litigation
• The toolkit, a collection of white papers, articles and other resources, is available for download at www.attenex.com/pr_subprimetoolkit.
• Subprime litigation has dramatically outpaced the savings and loan (S&L) litigation of the early 1990s and is drawing in new stakeholders – risk and compliance officers, IT departments, finance departments, c-level execs and even board members.
• The toolkit helps these new stakeholders better understand e-discovery and how it can help them handle subprime litigation.
• Among the questions it answers:
o How can corporations quickly and effectively assess their risk?
o How can cross-company teams develop defensible and repeatable processes for subprime litigation, and set the foundation for future compliance initiatives?
o How can e-discovery be used as a proactive tool for subprime litigation case strategy?
Supporting quotes
• “Companies facing subprime litigation need to quickly assess their risk and company exposure, develop case strategy, and create processes and safeguards to prevent future risk,” said Mike Kinnaman, vice president of marketing for Attenex. “E-discovery, which includes the review and analysis of electronically stored information (ESI), is a critical first step. This toolkit will provide companies with a foundation for understanding their electronic data and acting on it through the development of case strategy.”
• “Having developed an e-discovery program at a Fortune 500 corporation, I understand firsthand how legal and IT departments struggle with questions about which processes or technology to implement for e-discovery,” said Ashley Watson, vice president and general counsel of Attenex. “Subprime litigation is especially challenging given the cost and risk for the company. Tools and packages such as Snapshot Review can help corporations develop or enhance their e-discovery processes and take more control in-house so they can have better insight on the data, reduce legal review costs and more proactively develop case strategy.”
Supporting Information:
• How (Not) to Fit a Terabyte into a Courtroom, DM Review
• Visual Analytics Helps to See Through the Blinding Volume of E-Discovery, DM Review
• The Importance of IT Within the Electronic Discovery Process, Enterprise Strategy Group white paper
• Managing Risk in Electronic Discovery, white paper
Additional information
• For companies facing subprime litigation, Attenex offers Snapshot Review, a professional consulting services offering that provides corporations early insight into their electronic data, quickly and easily. Attenex Snapshot Review™ provides corporations with a stepping stone on which to develop a comprehensive and long-term e-discovery program. With Snapshot Review, corporations can quickly identify key custodians, issues and data to inform preservation and collection policies, proactively place defensible limits on collection for the Meet and Confer meeting, more accurately budget for legal review, better assess risk and develop case strategy earlier in the discovery process.
• Attenex Patterns® E-Discovery Software is a top e-discovery software application for both law firms and corporations, according to the 2007 Socha-Gelbmann E-Discovery Survey. Patterns dramatically reduces the time and cost of the most expensive process within e-discovery: legal document review. Available on-premise or hosted through a service provider partner, Patterns processes and de-dupes the data set, in some cases reducing the volume of data by up to 80 percent, and then utilizes visual analytics to present legal review teams with a faster, more efficient and less costly method to review the information and develop case strategy.
About Attenex
Attenex Corp. is changing the way corporations manage e-discovery. With an open software platform and industry expertise, Attenex enables corporations and their law firms to establish standardized e-discovery processes that reduce the risk, complexity and cost of litigation, regulatory requests and internal investigations. Whether deployed on-premise or as a hosted service through the industry’s largest network of global service providers, Attenex Patterns software provides corporations with control of e-discovery and the flexibility to choose the best solution for their needs. Attenex is headquartered in Seattle, Washington, and more information is available at www.attenex.com.
Attenex Advantage™ Partners represent the industry’s largest network of experienced legal industry service providers and consulting organizations that offer Attenex software to dramatically reduce the total cost of discovery for their clients. For more information, visit http://www.attenex.com/partners/.
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Attenex®, Patterns®, and the Attenex logo are registered trademarks, and Snapshot Review and Attenex Advantage are trademarks of Attenex Corporation. All other company, brand, and product names are the property and/or trademarks of their respective companies.
Media Contacts:
Kate Andrejack Holmes
Attenex Corporation
(206) 373-6521 or kholmes@attenex.com