|By Marketwired .||
|March 25, 2014 09:00 AM EDT|
DENVER, CO -- (Marketwired) -- 03/25/14 -- Falcon Discovery, a legal and technology-services firm specializing in managing e-discovery in-house, today announced that Falcon's InsideOut solution delivered approximately $3 million in outside legal cost savings to a Fortune 50 client during the first year of a three-year managed services engagement. More information about the engagement can be found here.
Nearly $1 million of the $3 million in cost savings was derived solely from savings on processing and hosting the client's data across approximately 30 different matters in 2013. This point is particularly noteworthy because prior to engaging Falcon, the client had been receiving deep discounts from a handful of some of the largest e-discovery consultants and providers in the industry.
"These results underscore the significant savings that our InsideOut solution can deliver for corporate legal departments in a short period of time," commented Falcon's founder and C.E.O., Don McLaughlin, "and we are constantly fine-tuning and optimizing our services to maximize our team's integration with the in-house legal team and retained outside law firms." The net result is that Falcon's InsideOut service teams effectively become an extension of the corporate legal department, giving the legal department a dedicated legal services team that can handle everything from collections, review and production at a fraction of the cost of outside law firms and traditional e-discovery vendors.
"Perhaps more important than the impressive cost savings," noted Mr. McLaughlin, "is that our clients report that our teams' expertise and established processes allow them to better utilize outside counsel on the substantive aspects of cases while our teams focus on the day-to-day discovery tasks often performed by the law firm." For example, Falcon's lawyers are able to assist outside counsel with quickly locating and summarizing key facts and documents, since Falcon's review teams are most familiar with the client's documents and the opposing party's productions.
The Falcon Advantage
Falcon Discovery helps enterprises thrive in this new legal landscape. Our groundbreaking approach drives greater coordination across the entire discovery process through our hard-to-match mix of litigation skills, intelligent process engineering, and leading-edge experience with deploying and managing in-house e-discovery technologies.
We manage the entire e-discovery life cycle in-house, from preservation, collection and early case analysis through review, production and trial. Our exclusive focus on e-discovery provides corporate clients -- and the law firms that serve them -- with a highly-responsive, end-to-end discovery process managed by a team of e-discovery specialists.
About Falcon Discovery
Since 2007 Falcon Discovery has been transforming the way corporate legal departments manage discovery and compliance in the digital age. InsideOut, Falcon's visionary legal and technology managed services program, helps corporations unbundle legal services to gain transparency, reduce costs, and take control of the discovery process in-house. Falcon's lawyers, process managers and technologists become an extension of the in-house legal team and create a unique framework that aligns people, processes and technology to optimize the discovery process across matters. Visit www.falcondiscovery.com for more information.
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Managing Director of Legal Operations
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