Press Release - Pricing Estimation Tool
October 15, 2008
Orange Legal Technologies Releases Electronic Discovery Pricing Estimation Tool
New Pricing Estimator Helps Legal Professionals Estimate, Compare, and Evaluate eDiscovery Costs
BUSINESSWIRE - Salt Lake City, UT (October 15, 2008) Orange Legal Technologies, a leading provider of one source litigation, audit, and investigation support services for law firms and corporations seeking insight on electronically stored information, today announced public availability of its Predictive Pricing Estimator - an online pricing estimation tool designed to help law firms, corporations, and governmental agencies estimate, compare, and evaluate the monetary costs associated with the use of analytics, processing and review services in the conduct of electronic discovery.
The Challenge of Cost: Understanding Elements and Relationships
“Today the high cost of eDiscovery is a topic that is top of mind for both legal professionals and eDiscovery vendors alike as they seek to collectively address and manage electronic discovery costs. However, it seems before one can truly address “the cost of eDiscovery”, it is important to understand the elements and the relationships of the elements being considered,” highlighted Bret Laughlin, President and CEO of Orange Legal Technologies. “With that thought in mind, we have developed a tool designed to help electronic discovery professionals see both those elements and their relationships through the lens of both electronic discovery volume and cost. Our hope is this tool will help those in the electronic discovery arena as they consider and compare the options available to them for their specific electronic discovery projects.”
“One of the biggest problems we face in the e-discovery space is definitions. If we can’t describe what e-discovery is, how can we make rational comparisons and choices when selecting products and services?” shared Tom O’Connor, Director of The Legal Electronic Document Institute. “Tools like the “Predictive Pricing Estimator” help us to define the components of eDiscovery and then level the playing field to enable solid decision making from a pricing perspective.”
Addressing the Challenge: OrangeLT™ Predictive Pricing Estimator
OrangeLT™’s Predictive Pricing Estimator is an online predictive pricing estimation tool designed to help law firms, corporations, and governmental agencies estimate, compare, and evaluate the monetary costs associated with the use of analytics, processing and review services in the conduct of electronic discovery. Using a combination of industry accepted volume and cost parameters, the Predictive Pricing Estimator allows users to enter estimates for both the volume of data and potential reviewers available and to see how these estimates influence data reduction and review costs throughout the electronic discovery stages of analytics, processing, and review.
Accessing and Using the Predictive Pricing Estimator
To access the Predictive Pricing Estimator, individuals can simply visit the Orange Legal Technology website at: http://orangelt.com/estimator/pricing.html and directly access the estimation tool. Access to the tool will allow users to enter data volume and reviewer requirement variables which will then be evaluated and presented as cost estimates for the analytics, processing, and review stages of electronic discovery.
While Predictive Pricing Estimator results are non-legally binding estimates, organizations can use the calculated results of estimations to help in electronic discovery project scoping and planning. Additionally, the estimator can serve as a tool to help develop Request for Proposals (RFPs) and Statement of Work (SOW) documents that may be used in developing and implementing electronic discovery project plans.
OrangeLT™ will be hosting an instructive webinar on the Predictive Pricing Estimator on October 23, 2008 at 12:00pm CST. To register for this webinar, please visit: http://orangelt.com/2008/10/05/comparing-apples-and-oranges/ .
Orange Legal Technologies and the OneO® Discovery Platform
Orange Legal Technologies firmly believes that presenting industry information in an objective manner will increase the capability of electronic discovery consumers – whether law firm, corporation, or governmentally based – to make informed decisions. OrangeLT™ believes informed decisions lead to right decisions and also believes - based on its technology and partnerships - that it will be considered as a right choice by potential clients and partners in many ESI related litigation, audit, and investigation situations.
To learn more about Orange Legal Technologies’ OneO® Discovery Platform, its interoperability capabilities, and how it can accelerate e-discovery for audits, investigations, and litigation, visit the Orange Legal Technologies website at: http://orangelt.us/technology/.
About Orange Legal Technologies
Orange Legal Technologies is a leading provider of one source litigation, audit, and investigation support services for law firms and corporations seeking insight on electronically stored information. Headquartered in Salt Lake City, Utah, and with four locations nationwide, OrangeLT™ offers a complete suite of electronic discovery services to include collection, analysis, processing, review and production of both digital and paper-based information. Enabled by the OneO® Discovery Platform—an integrated, web-accessible electronic discovery platform that provides online analysis, processing, and review of unstructured data from the security of a hosted centralized repository—and augmented by best of breed electronic discovery partners, Orange Legal Technologies is a member of the Electronic Discovery Reference Model (EDRM) and the International Legal Technology Association (ILTA). For more information on Orange Legal Technologies, visit http://www.orangelt.com .
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Media Contact:
Rob Robinson
PR@orangelt.com
Orange Legal Technologies
251 South Floral Street
Salt Lake City, UT 84111
1-512-934-7531
www.orangelt.com
OrangeLT™ CEO in LawTechNews
October 4, 2008
Finding the Right Five Questions for EDD Vendors
From: Law Technology News
Dated: October 6, 2008
OrangeLegal Technologies’ CEO and President Bret Laughlin was recently highlighted with other electronic discovery industry leaders in an article in Law Technology News seeking to ask the question “What are the five most important questions that any organization should as of venders before signing the contract?
Provided below is a short extract of the article - which includes Bret Laughlin’s comments - as well as a link to the complete article.
Article Extract:
George Socha and Tom Gelbmann have announced that they will change their vendor ranking system for their next e-discovery survey — because too many people have “foolishly” relied on the ratings to make purchasing decisions, rather than carefully vetting vendors to meet their specific needs. That prompts us to ask, “What are the five most important questions that any organization should ask of vendors before signing the contract?”
1. What technology or service advantage do you provide over what I am already doing today?
2. Will you provide references for the technology/services you provide?
3. How many clients do you have currently using your technology/services in this calendar year?
4. Does your company have a positive free cash flow?
5. What is the percentage of turnover among your executive team, operations team and project management team?
Bret Laughlin CEO and President
Orange Legal Technologies
Salt Lake City
For the complete article from Law Technology News, click here.