The global eDiscovery services market is booming as law firms and legal departments across the world are investing in technologies to streamline eDiscovery management and reduce costs.
With so many vendors in this saturated market, picking the right one can be a challenge. As such, IT administrators need to do their due diligence when sourcing products by demoing solutions, speaking with representatives, and requesting information.
Keep reading to learn more about the top vendors in this space and what you especially need to consider before investing in a platform.
What Is eDiscovery?
eDiscovery involves collecting, processing, and managing electronically stored information (ESI).
The term eDiscovery first appeared back in 2006, following amendments to the Federal Rules of Civil Procedure (FCRP). Today, most organizations follow the Electronic Discovery Records Model (EDRM) as a framework for eDiscovery in court, responding to government audits, and internal investigations.
It’s important to keep in mind that companies and law firms don’t really have a choice when it comes to eDiscovery compliance. In fact, failure to have an eDiscovery system in place can result in missed deadlines, court sanctions, and court losses. As such, it’s critical to be prepared and up to date with the latest system.
Top eDiscovery Vendors on the Market
Now that you have a better idea of the ins and outs of eDiscovery, let’s turn our attention to some of the top eDiscovery vendors to know about.
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Venio Systems
Venio Systems offers Venio Cloud and Venio OnPremise, which are one of the most comprehensive and flexible eDiscovery solutions on the market.
Simply put, Venio Cloud is a fully managed solution, delivered through the cloud. As a result, the program boasts rapid onboarding and flexible licensing. It is also highly available and features the latest security protocols for maximum protection when handling sensitive data.
What’s more, Venio also comes with an AI-powered assisted review tool, native redaction, and mobile data visualization.
Venio offers a robust eDiscovery certification program, which is ideal for new customers or eDiscovery professionals who want to break into the industry. Completing the VenioOne certification course demonstrates proficiency in the VenioOne platform and a working knowledge of the eDiscovery process.
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Relativity
Relativity offers a platform serving as a one-stop-shop for legal and compliance needs. This cloud-based platform can preserve critical data, provide rapid insights, and connect to custodian accounts. The platform also leverages artificial intelligence, helping legal teams discover and filter data with ease.
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Everlaw
Everlaw is another popular vendor with a cloud-based eDiscovery platform that’s easy to use and powerful enough to handle complex cases. The solution contains impressive search and review capabilities. It also ships with advanced analytics and predictive coding functionality.
One feature that’s unique to Everlaw is storyboarding, which enables users to create a collaborative repository for holding and sharing documents. This tool makes it easy to build a case while communicating with team members and centralizing information.
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DISCO Ediscovery
DISCO is a SaaS solution that law firms, government agencies, and corporations use for end-to-end eDiscovery management.
The platform features DISCO AI, which uses machine learning and cloud computing to streamline data analysis. In addition, the platform features DISCO Workflow and Visual Search for a highly interactive and user-friendly eDiscovery experience for end users.
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Reveal
The Reveal eDiscovery platform is a joint effort with Brainspace and focuses on AI/ML (artificial intelligence and machine learning) powered solutions. Having built their own platform to address specific pain points in the eDiscovery industry, Reveal’s software includes out-of-the-box AI models that users can simply add to their workflows.
Adding value to their offering, Reveal AI’s team of data scientists is continually working on models to add to the platform which can detect a variety of compliance and ethics issues throughout the eDiscovery process.
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Nuix
Nuix is an integrated eDiscovery platform that’s scalable and easy to use. Teams can start viewing documents in just minutes without having to load files or export any data.
The platform is great for early case assessment (ECA) and has powerful analytics capabilities. In addition, Nuix features substantial processing throughput. However, the platform lacks secure self-service and native redaction. As such, it may not be the best fit for every team.
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iPro
The iPro platform uses predictive analytics to aid with data management, providing an innovative approach to EDRM with AI-powered data classification. This enables teams to leverage insights early on in the eDiscovery process. However, the portal does not have secure self-service, Office 365 integration, or native redaction.
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Logikcull
The eDiscovery Software Solution offered by Logikcull is all about efficiency and a simple user experience. By making it easy for customers to integrate with various platforms and use simple drag-and-drop functionality, legal teams can get the eDiscovery process started quickly, saving time and money.
Logickull’s offering focuses on speeding up the process for a number of uses, including legal holds, investigations, and records requests. Their software can even bypass the need for keyword searches by effortlessly surfacing relevant information with intuitive filters, allowing clients to focus on other top priorities.
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CloudNine LAW
CloudNine is another leading provider of eDiscovery software, offering an automated platform that simplifies litigation, audits, and investigations. It’s used by both corporations and law firms. CloudNine’s platform is useful for identifying and analyzing document sets and culling large ones to source only relevant files during court.
- OpenText Discovery Suite
OpenText offers legal information management and end-to-end eDiscovery solutions. Some of their newer features include Axcelerate, which offers proprietary advanced analytics and TAR (technology-assisted review) to quickly identify the most relevant sources of data.
The Axcelerate feature allows users to review chat data, as well as initiate analytics-driven ECA and provide reports with insights about the entire data set. Axcelerate is just one of many products offered in OpenText’s discovery suite, which combine into a comprehensive, end-to-end eDiscovery solution infused with AI capabilities.
- Exterro
The legal GRC (government, risk and compliance) platform offered by Exterro is a holistic, unified approach for clients looking for a complete product to address a variety of issues and risks. Their software offers eDiscovery, Privacy, Digital Forensics and Risk Management/Compliance Apps, which can be used alone or orchestrated into end-to-end solutions.
- HaystackID
Haystack has become a leading provider of eDiscovery services, with more than 500 of the world’s leading corporations and law firms among their clients. Their offering combines a powerful suite of eDiscovery products while being exceptionally attentive to their clients’ needs.
Having recently acquired Business Intelligence Associates, an end-to-end eDiscovery service provider, Haystack continues to grow and add to their capabilities. They specialize in offering eDiscovery solutions for complex, data-intensive investigations and litigation, and this acquisition supports their ability to provide top-tier service.
Selecting the Right Vendor
The eDiscovery vendor you ultimately decide to partner with will play a massive role in the eDiscovery process. That being the case, it pays to be highly selective when picking a platform.
Vendors offer different types of integrations, features, search tools, and security. On top of that, not all vendors offer the same level of customer support and assistance. As such, it’s important to find a vendor that offers high availability and maximum uptime, rapid response troubleshooting, and flexible software that can work across a variety of devices and environments.
We might be a bit biased, but we believe that Venio is the ideal solution for legal teams trying to improve their approach to eDiscovery.
If you’re interested in taking the best approach to eDiscovery, Request a demo of Venio Hybrid Platform and see what sets our platform apart from the rest.
