eDiscovery and Document Review Solution

Challenge

• Litigation involving clients monoline insurer
• Insurer alleged bank fraudulently induced them to provide credit-default swaps to protect itself against billions of dollars in losses on securities linked to subprime mortgages
• Identification, collection, review and production of complex corporate documents and financial transactions in question
• Review set consisted of 300,000+ documents from custodians located in three countries on two continents

Solution

• Refined the review coding manual, facilitated upfront and ongoing clarifications for the review team with decision logs, synchronized quality levels through periodic calibration exercises with the outside counsel
• Provided complete transparency into the process through detailed dashboards for reporting productivity, accuracy, and findings on a regular basis

Business Impact

• Identified relevant data stores to provide counsel with the evidence required to effectively present their case on the bank’s behalf
• Bank achieved favorable result