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Concordance Evolution rollout in 2015 will include Technology Assisted Review capabilities
LexisNexis® Legal & Professional today announced an agreement with Content Analyst Company, developers of the award-winning Content Analyst Analytics Technology (CAAT) suite of text analytics technologies that reduce the time and expense of document review in electronic discovery.
LexisNexis will license the CAAT advanced analytics engine to enable predictive coding, which will be built into the next release of Concordance® Evolution, the flagship enterprise discovery management software platform from LexisNexis.
CAAT is a widely used technology in the e-discovery industry for enabling predictive coding. Predictive coding provides the ability to automatically replicate human decisions to a large data set. As coding decisions are made, the technology combines its “knowledge” of the data with the input from the person, and applies those decisions to the entire data set in a fraction of the time and at a significantly higher rate of accuracy than a traditional linear review.
“As we continue to invest in Concordance Evolution, we've been monitoring predictive coding technology and testing its effectiveness," said Steve Ashbacher, vice president for Concordance at LexisNexis Litigation Tools & Professional Services. "We believe this technology has now evolved to the point that Technology Assisted Review is ready to deliver on its promise of greater accuracy, lower costs and an easier-to-use interface in the document review phase of e-discovery.”
Teams from LexisNexis and Content Analyst Company are working on technology integration. A new version of Concordance Evolution with built-in TAR functionality is on schedule to be launched in 2015.
Concordance Evolution is a next-generation enterprise review software product for electronic discovery and litigation document management. It handles e-discovery management for cases of any size and is specifically designed for large-scale, complex litigation.
Concordance Evolution helps law firms, government agencies, litigation service bureaus and application service providers reduce overall e-discovery costs and boost litigation workflow productivity while managing the largest and most complex cases. The software is available with a base license fee for the software application and a per-seat licensing fee; in addition to the fully installed version, Concordance Evolution is also available from LexisNexis as a hosted solution.
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