• LexisNexis Search Solution, Debuts Hosted Service, FYI


  • 03/23/2007 -
    LexisNexis Search Solution, Debuts Hosted Service, FYI

    Chicago, Illinois - March 23, 2007 - The new Hosted FYI application, for e-discovery management, has been debuted by search solution firm, LexisNexis, adding to the desktop and outsourced options offerings, from LexisNexis Discovery Services.

    The online hosting and data processing service, was developed to offer in-house control with the speed, capacity and security of an outsourced e-discovery vendor. As the volume of electronic documents required for legal discovery grows exponentially each year, law firms increasingly seek the choice of e-discovery services that offer both the convenience and control of in-house management and the capacity, speed and security features of an outsourced offering.

    Scott Nagel, Vice President and Managing Director for LexisNexis Discovery Services remarked, We know law firms are challenged with housing, managing and protecting huge amounts of client data within their own computer systems, but we also know that litigators want control over the management of that data. Hosted FYI alleviates storage concerns and delivers the choice of maintaining that control along with the confidence that issues around data security and integrity are thoroughly addressed

    Hosted FYI joins the other products and services within the LexisNexis Discovery Services product group that includes Concordance, Applied Discovery, the Data Collection and Forensics service, the Strategic Records and Information Management (sRIM) consultancy.

    Hosted FYIcombines in-house case management software from Concordance and online viewer FYI with offsite data hosting via Applied Discovery, and was developed based on feedback from clients. For example, nearly half of all respondent (48%) in a recent survey of attorneys and legal professionals conducted by LexisNexis said their firm prefers a combined in-house and hosted model for managing client discovery data to increase control while minimizing risk.

    Clients can deposit and manage information in the hosted database in their law firm or corporate office with the easy to use Concordance software and FYIinterface doing so with the added benefit of increased speed and security delivered by the large capacity of offsite data hosting long associated with Applied Discovery. The integrated set of functions available includes:
    • Precise searching search through as many as 128 databases at once
    • Built in image viewing side-by-side document review, easy document location and flagging tools, redaction and batch printing capabilities
    • Case analysis and collaboration share with parties in different locations, annotation, issue codes, and links with external files
    • Deposition and transcript management load, manage, review, annotate, print, share
    • E-discovery repository and review tools organize, search, retrieve and review documents and e-mail files in their native format and with all associated metadata
    • Flexible reporting options customized or pre-defined template reports
    • Streamlined case organization multi-level tag foldering, as well as data sharing to CaseMap for those who have the software installed
    Clients using Hosted FYI have access to project management help, no matter the size of the project or time of day. All documents are tracked through a chain of custody process, and after data is processed all media is returned to the hosted repository or securely disposed of at the direction of the client. Additionally, Hosted FYI can be used as a stand-alone Web repository that clients can store files without use of processing functions.

    To make use of Hosted FYI quick and efficient, the product offers a robust upload capacity and an overall hosted repository with terabytes of scalable storage currently tested host hundreds of millions of documents. Cases are viewable by clients 24 hours a day, seven days a week on Hosted FYI. Security measures include perimeter and backend network firewalls and intrusion detection systems, as well as photo ID, security cameras, alarm system and security staff at the actual hosting locations in Tukwila, Wash. and Springfield, Ohio. The offering also features backup capabilities with data mirroring, backup generators and fail-over technology. Further disaster recovery capabilities are being built at the LexisNexis data center in Springfield, Ohio.

    Pricing is transactional and tiered based on use of full product functionality including processing or use of the service without processing.

    LexisNexis is a provider of information and services solutions, including its flagship Web-based Lexis and Nexis research services, to a wide range of professionals in the legal, risk management, corporate, government, law enforcement, accounting and academic markets. A member of Reed Elsevier, LexisNexis serves customers in 100 countries with 13,000 employees worldwide.



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