MetaLINCS for Financial Services

More Legal Discovery and New Compliance Issues

While the financial services industry has always attracted litigation, financial services companies face an unprecedented number of lawsuits today. Regulatory actions are on the rise too, with the Securities and Exchange Commission and the stock exchanges being increasingly proactive in launching investigations into the actions of financial services companies. Large or small, virtually every legal matter and regulatory action is accompanied by legal discovery requests for electronic documents. And today every bite of data must be processed for e-discovery in compliance with new Federal Rules of Civil Procedure (FRCP).

The E-Discovery Challenge

Because the processing and review of excess data is expensive and time consuming, financial services companies strive to produce only documents and emails relevant to legal discovery requests. Yet many companies lack a legal technology that can cull irrelevant data during the e-discovery processing phase. Instead, they spend millions of dollars each year paying outside council and litigation support service providers to conduct e-discovery processing and review manually—for most every legal matter and regulatory investigation. Not only expensive, these manual processes make complying with the new FRCP virtually impossible.

The MetaLINCS Solution

The MetaLINCS Enterprise E-discovery Suite helps financial services companies overcome the hurdles that stand in the way of efficient e-discovery. After helping to automate the collection process, the software culls irrelevant documents and categorizes relevant documents for review. The document and email analysis capabilities enable legal teams to conduct early case assessments and see connections between key custodians and documents even before the review process has begun. Companies can begin to prepare for the ‘meet and confer’ mandated by the new FRCP or respond to requests from regulators just as quickly.

The MetaLINCS Enterprise E-discovery Suite helps financial services companies:

• Cull irrelevant documents to reduce document review time by 80%
• Cut e-discovery costs by 50%
• Integrate MetaLINCS legal technology with litigation support service providers
• Accelerate the pace of regulatory investigations by providing relevant documents more quickly
• Meet new FRCP requirements for meet and confers, chain of custody, and native file and metadata preservation
• Analyze and search massive volumes of documents in an easy-to-use web-based interface