Increased speed, increased relevance, and decreased costs.
Industry studies demonstrate that expenses associated with document reviews comprise 50-70% of litigation costs. In response to these statistics, we developed LegalMine™, a state-of-the-art document review service, housed in our Minneapolis headquarters. LegalMine™ was specially designed to effectively manage litigation costs by culling, and limiting the number of documents that have to be substantively reviewed, making the discovery process more efficient and lowering costs.
In a matter of days, the LegalMine™ team can eliminate document clutter and identify the information most relevant and important to each case. The identified documents then undergo further analysis by the trial team, which uses them to support and develop the optimal legal strategy. The benefits: increased speed, increased relevance, and decreased costs.
LegalMine™ can also function as an effective, searchable electronic data room for M&A deals and internal investigations.
LegalMine FAQ
LegalMine for LIBOR – How it Works
LegalMine’s involvement in this project starts once the contracts designated for review have been collected. A project planning meeting will be conducted and a written protocol describing the project and deliverables will be prepared. LegalMine will set up a Client Collaboration Site, tailored to your desired folder structure. Documents are loaded to this secure platform, accessible by both LegalMine and the client and Dorsey teams.
Using the connection we have enabled between the Kira platform and the Client Collaboration Site, documents would be sent to the secure Kira platform and automatically analyzed for LIBOR content, as well as other content you may specify. The results of the automated analysis, after quality control by the LegalMine team, are exported back to the Client Collaboration Site for further analysis. LegalMine can also export the LIBOR clauses to a chart for further manipulation, as needed.
The Client Collaboration Site is then utilized to track various information about the contracts, indicating for example, expiration dates on contracts and/or contracts that will require further analysis or action. Tasks can be assigned within the Collaboration Site, so the team has visibility at all times into the status of activities associated with the project.
What is LegalMine™?
LegalMine™ is a state-of-the-art document review and management service, housed in our Minneapolis office. LegalMine™ is specially designed to effectively manage costs by culling and limiting the number of documents that need to be substantively reviewed, keeping the due diligence and discovery processes efficient and predictable.
Why LegalMine™?
When developing LegalMine™, we conducted significant research to fully understand the needs of our clients. Old linear review systems (page-by-page review) can limit review rates, increasing costs. By using a combination of state-of-the art technology, dedicated staff, an in-house facility and standardized quality control, and feedback processes, we created a powerful capability to review and analyze large quantities of documents efficiently, thoroughly and accurately.
Where is LegalMine™ located and how do documents get there?
Our research indicated that some of our clients had concerns about security and oversight with the use of fully outsourced or offshore document management vendors. LegalMine™ is housed on-site in our Minneapolis office, enabling our clients and legal teams to closely interact with, and oversee the work of, the document review team.
The LegalMine™ facility is a secure, key-card accessible area with dedicated review workstations. Our LegalMine manager oversees the day-to-day operations in the facility, working with the review attorneys, litigation support staff, paralegals, and clients to manage and communicate the status of the review.
Data can be securely transmitted electronically or shipped directly by the client to LegalMine™ for processing.
What is “First Pass Document Review”?
First pass document review segregates responsive/relevant documents from non-responsive/irrelevant or privileged materials. Other flags can include: confidential, key or “hot” documents, redaction, and further review. Documents deemed responsive or privileged are subject to further legal analysis.
How is the pricing predictable if the number of documents is unknown?
Once documents have been culled and uploaded, the document population is known, and because LegalMine™ charges a fixed cost for the review based on the number of items to be reviewed, the cost of the review is quickly known, leading to predictable and managed litigation costs.