Press Release
FTI Technology Adds Concordance Load File Import to Attenex Patterns
New Features in Latest Version Further Increase Productivity and Reduce Complexity in the E-Discovery Process
WASHINGTON, D.C. August 25, 2009 – 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 Attenex Patterns 5.3, the latest version of the company’s award-winning e-discovery software. Attenex Patterns 5.3 includes a number of new features and performance enhancements, including the ability to import a Concordance load file when clients want to migrate data from a linear review or e-discovery tool to Attenex Patterns.
“The new Concordance load feature in Attenex Patterns dramatically streamlines and improves the e-discovery and document review process for our clients,” said Tom Hall, managing attorney of discovery and litigation technology at Cleary Gottlieb Steen & Hamilton LLP. “The ability to quickly migrate case data from Concordance to Attenex Patterns enables us to quickly scale when a small case turns into a larger and more complex document review project. In those cases that require significant document review, we’ve found that the visual analytics of Attenex Patterns dramatically reduces the cost of review for our clients over more traditional “linear” review options.”
E-discovery is a complex and fragmented industry with hundreds of niche software and service providers that offer tools and services for various phases of the nine-step process outlined by the Electronic Discovery Reference Model (EDRM). To manage the entire e-discovery process from the server to the courtroom, legal and IT teams often have to import and export data from multiple “best-of-breed” tools, frequently resulting in delays and additional costs. Since many tools are able to export data in Concordance format, however, the new Concordance load feature provides an easy and automated “on ramp” for such data to be imported into Attenex Patterns, one of the most widely-used and scalable e-discovery review tools. Highly customizable fields ensure that metadata and any existing work product, such as marks and tags, are preserved and brought into Attenex Patterns for processing, review and analysis.
“As the amount of data involved in legal matters continues to increase, corporations and their law firms need fast and reliable ways to move data from their existing toolsets to higher performing e-discovery software such as Attenex Patterns,” said Mike Kinnaman, senior managing director of FTI Technology, a business unit of FTI Consulting. “While these tools are often sufficient for smaller matters, they often do not perform well with the review of large data volumes. Our clients have found that they can dramatically lower the total time and cost of discovery — including legal review — by using Attenex Patterns rather than a more traditional “linear’ review tool.”
In addition to the new Concordance load file features, the latest version of Attenex Patterns includes several enhancements that further help corporations and law firms lower costs and better manage the increasing complexity of e-discovery projects:
- Enhancements to the exception management interface further optimize the handling of problematic files such as corrupt or password-protected files. The inclusion of additional metadata and a redesigned user interface enable faster resolution of exceptions without disruption to the overall data processing and review workflow.
- Integrated embedded object handling speeds the detection and review of embedded objects found in email and office documents.
- Enhanced indexing further speeds processing time and expands the number of data types that can be indexed by Attenex Patterns.
Attenex Patterns is part of FTI Technology’s complete portfolio of e-discovery software products. Attenex Patterns, Ringtail Legal and Ringtail QuickCull provide corporations, law firms and legal service providers with flexible on-premise and on-demand deployment options for pre-processing through production — all from a single provider.
Attenex Patterns 5.3 will be available in Q4 from FTI Technology. For more information, please visit www.ftitechnology.com.
About FTI Consulting
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 3,400 employees 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.
Safe Harbor Statement
This press release may include "forward-looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934 that involve uncertainties and risks. Forward-looking statements include statements concerning our plans, objectives, goals, strategies, future events, future revenues, future results and performance, expectations, plans or intentions relating to acquisitions and other matters, business trends and other information that is not historical, including statements regarding estimates of our future financial results. When used in this press release, words such as “estimates,” “expects,” “anticipates,” “projects,” “plans,” “intends,” “believes,” “forecasts” and variations of such words or similar expressions are intended to identify forward-looking statements. All forward-looking statements, including, without limitation, estimates of our future financial results, are based upon our expectations at the time we make them and various assumptions. Our expectations, beliefs and projections are expressed in good faith, and we believe there is a reasonable basis for them. However, there can be no assurance that management’s expectations, beliefs and projections will result or be achieved or that actual results will not differ from expectations. The Company has experienced fluctuating revenue, operating income and cash flow in some prior periods and expects this will occur from time to time in the future. Other factors that could cause such differences include the pace and timing of the consummation and integration of past and future acquisitions, the Company's ability to realize cost savings and efficiencies, competitive and general economic conditions, retention of staff and clients and other risks described under the heading “Item 1A. Risk Factors” in the Company’s most recent Form 10-K and in the Company's other filings with the Securities and Exchange Commission. We are under no duty to update any of the forward-looking statements to conform such statements to actual results or events and do not intend to do so.
FTI, Attenex®, Patterns®, and Ringtail® are registered trademarks of FTI Consulting, Inc.
All other trademarks are the property of their respective owners.