Press Release Summary:
Scalable to handle hundreds of users, thousands of cases, and millions of documents, RingtailÃ‚Â® Legal 2005(TM) web-based litigation technology promotes efficient document review in 200+ languages. Tiff-on-the-Fly(TM) module minimizes time consumed during document-intensive processes by letting users convert native file documents into TIFF image files for redaction and production within Ringtail environment to minimize lag time between review, redaction, and production.
Original Press Release:
FTI Consulting, Inc. Announces Tiff-on-the-Fly(TM) Add-on Module for RingtailÂ® Legal 2005(TM) Document Review Technology
Integrated technology dramatically improves efficiency of document review and production
NEW YORK, July 19 -- FTI Consulting, Inc. (NYSE:FCN) the global business advisory firm dedicated to helping organizations protect and enhance their enterprise value, today announced the launch of the Tiff-on-the-Fly(TM) add-on module for its Ringtail(R) Legal 2005(TM) document review technology. Developed to reduce the time and expense of document-intensive processes, the industry-leading Ringtail Legal 2005 web-based technology delivers cost and time savings to attorneys working on complex litigation and investigations.
With the increase in native file productions brought about by the new Federal Rules of Civil Procedure, the standard in litigation today is to convert only those documents requiring redaction into TIFF image files prior to redaction and production. This approach saves time and expense from the "TIFF everything" approach, but requires the use of an outside vendor for the TIFF conversion.
The Tiff-on-the-Fly module allows Ringtail users to convert native file documents into TIFF image files for redaction and production within the Ringtail environment -dramatically reducing lag time between review, redaction and production, and increasing attorney review efficiency. By utilizing the Tiff-on-the-Fly module, law firms, and companies can eliminate the step requiring the outsourcing of image file creation to a vendor-shaving hours or days off the overall document review process.
"Firms looking to improve the control of the electronic discovery process should look to those technologies that reduce or shorten steps and improve the efficiency of attorneys," said Deb Logan, research vice president at Gartner.
"Adding the Tiff-on-the-Fly capability to our in-house installation of Ringtail provides significant benefits to our firm and our clients," said Mark Brennan, counsel at Bryan Cave LLP. "We are already seeing substantial streamlining of document production workflow and internal control of the entire document review and production process will save significant time and effort."
"Real World" Cost Savings
Allen & Overy LLP ("A&O"), one of the world's largest law firms, recently used Ringtail with Tiff-on-the-Fly to process millions of paper and electronic files during a complex, multi-jurisdictional litigation. By streamlining the document review by only TIFFing relevant documents, coupled with the removal of outsourced vendor assistance, the project timeline was reduced. In all, of the 2.7 million files (15 million pages) originally imported, only 39,000 were converted to TIFF, resulting in an estimated $1.3 million saved on A&O's TIFF format production costs.
"When it comes to the handling of intricate, high-profile litigation spanning a multitude of jurisdictions, simplification and efficiency in the document review process is of the utmost importance," said Lanier Saperstein, an attorney in A&O's New York office. "By utilizing the fully-integrated Ringtail with TIFF-on-the-Fly, we were able to eliminate the time associated with shipping native files to a third party processing vendor enabling us to maximize attorney review time and adhere to a tight schedule."
Tiff-on-the-Fly is available as an add-on for the installable version of Ringtail Legal 2005 and includes a console for system administrators to manage jobs, reports, users, configuration settings and licenses. Tiff-on-the-Fly capabilities are also available on FTI's hosted Ringtail ASP.
"The Tiff-on-the-Fly module adds a significant tool to Ringtail's set of essential features designed to reduce electronic discovery costs and increase document review efficiency," stated Seth Rierson, senior managing director in FTI Consulting, Inc.'s Technology segment. "A typical corporation or law firm using Ringtail with Tiff-on-the-Fly will likely recognize a full return on their investment within a very short time following implementation."
About Ringtail(R) Legal 2005(TM)
Ringtail(R) Legal 2005(TM) technology enables fast and efficient document review in over 200 languages - delivering substantial time and cost savings to attorneys and investigators working on large, complex matters. The web-based litigation support technology scales to handle hundreds of users, thousands of cases and millions of documents. Ringtail Legal 2005 direct installations and ASP-hosted sites including leading AmLaw 100 law firms, international government agencies and Fortune 100 litigation practice groups. For more on Ringtail Legal 2005, please visit www.ftiringtail.com.
About FTI Consulting, Inc.
FTI Consulting, Inc. is a global business advisory firm dedicated to helping organizations protect and enhance enterprise value in an increasingly complex legal, regulatory and economic environment. With more than 2,000 professionals located in most major business centers in the world, we work closely with clients every day to anticipate, illuminate, and overcome complex business challenges in areas such as investigations, litigation, mergers and acquisitions, regulatory issues, reputation management and restructuring. More information can be found at www.fticonsulting.com.
FTI, FTI CONSULTING, RINGTAIL, RINGTAIL LEGAL, and TIFF-ON-THE-FLY are trademarks of FTI Consulting, Inc.
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