Leveraging TAR & Per Document Pricing to Drive 24% Savings
A complex, time sensitive litigation matter that required e-discovery and document review resulted in the use of a comprehensive pricing model, and leveraged TAR to complete the request at a significant cost savings for the client.
Large financial services firm was facing a large, complex, and time-critical litigation matter with an eDiscovery and document review component with spiraling costs.
Consilio applied an integrated pricing model that combined the hosting, project management, review and production work into a single per document reviewed rate that achieved significant costs savings for the Banking Client. To increase review speed, ensure accuracy and allow potentially non-responsive documents to be reviewed at a lower per document rate, Consilio leveraged Technology Assisted Review (TAR) to prioritize the documents and for the purposes of performing quality control checks.
Consilio was able to increase the speed and accuracy of the review process using TAR, while helping the client to save cost.
- TAR and integrated per-document pricing model saves 32.4% (USD172,023) over linear per-hour review and a la carte approach
- TAR generated 18.2% review savings even when all documents were reviewed
- TAR would have saved 53.8% or USD 186,251 on review costs had documents that were identified as not responsive NOT been reviewed
- Integrated per document pricing model saved 50.4% on eDiscovery fees (hosting, professional services & production)