Can You Cut the Cost of E-Discovery? This Calculator Tells You
The legal community is awash with reports that predictive coding and other forms of technology-assisted review can cut the cost and time of review. But missing from all the hype are specifics about what it means for actual cases, in real numbers. What you need to know is, “What can it do for my case?”
Now you can answer that question, thanks to the Predictive Ranking ROI Calculator launched by Catalyst. It lets you estimate how much you would save, in dollars and hours, over linear review. Simply enter a few basic assumptions about your review project, hit “calculate,” and see your estimated savings in both dollars and hours.
The ROI Calculator’s estimates are based on the results you can expect using Insight Predict, Catalyst’s own predictive coding tool. Insight Predict is based on Catalyst’s proprietary method of TAR, Predictive Ranking, as described on this blog, Predictive Ranking differs from other TAR tools in its ability to respond to the dynamics of real-world litigation, including rolling collections, immediate deadlines and non-standardized validation procedures.
Go ahead and give the ROI Calculator a try. There is no sign-in required. Even if you do not have a pending case, plug in some hypothetical numbers and see how you would fare. You have nothing to lose in trying it — except maybe excessive costs and hours in review.
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