Huron Consulting Group Announces Discovery Services LLC Alliance and New Chicago Document Review Center
Further Strengthens Huron’s Discovery Market Leadership
CHICAGO – August 19, 2008 – Huron Consulting Group Inc. (NASDAQ: HURN), a leading provider of financial and operational consulting services, today announced the opening of a new document review center in Chicago and a newly-formed alliance with the document review and electronic discovery company, Discovery Services LLC (DSL).
“We are thrilled to announce this new alliance with DSL along with the build out of a new document review center at our Chicago headquarters,” said Gary E. Holdren, chairman and chief executive officer, Huron Consulting Group. “With the explosion of electronic documents and the amended Federal Rules of Civil Procedure for electronic discovery, more and more corporate legal teams and law firms are turning to Huron to manage discovery with ever expanding document collections. Huron helps control ballooning costs and reduce risks from preservation through review and production.”
Huron has long been a leader in the e-discovery marketplace, and the alliance with DSL only adds increased value to the Company’s role as trusted business advisor to offices of general counsel and their law firms. DSL founder and CEO Ashish Prasad has an unparalleled reputation in e-discovery matters. Prasad founded and led Mayer Brown LLP’s Electronic Discovery and Records Management Group. He is a frequent author and speaker on electronic discovery, and has served, among other things, as the co-editor in chief of the forthcoming Practicing Law Institute Treatise, Electronic Discovery (2008), the executive editor of the original edition of The Sedona Principles: Best Practices Principles & Recommendations for Addressing Electronic Document Production, and a member of the Leadership Committee of the American Bar Association Minority Counsel program. DSL will provide document review, electronic discovery, records management, expert testimony and consulting services with Huron as its exclusive partner.
The Company decided to open its newest document review center in Chicago given the strength of Huron’s relationships with the business and legal communities in the Midwest region. Huron’s document review centers combine technology with efficient processes all in a secure environment. This, in turn, delivers accurate analyses on a cost-effective basis. The result is an integrated review process that is substantially faster, more accurate and less expensive than more traditional review services. The Chicago Document Review Center will open in September.
Earlier this year, Huron launched V3locity™ (pronounced “velocity”), a fixed price per reviewed page e-discovery service, which can result in a 60 percent reduction in costs to clients compared to industry standard pricing. Electronic document discovery has become one of the single largest components of litigation, with the review portion accounting for up to 80 percent of the $3 billion a year e-discovery marketplace. Huron’s V3locity combines cost savings, high speed, new technology and expert review centers across the country and in India to deliver a total litigation support solution for corporate legal departments, law firms and government agencies. For more information, visit www.huronconsultinggroup.com/V3locity.
In July, Huron was named a top e-discovery provider on the 2008 Socha-Gelbmann Electronic Discovery Survey. This annual survey, developed by e-discovery pioneers George Socha and Tom Gelbmann, provides the most comprehensive view into the growing e-discovery market.
About Huron’s Document Review Center
Huron’s Chicago Document Review Center will house approximately 150 review workstations. The Company’s document review centers provide comprehensive attorney review and document management solutions for legal matters to both corporate clients and law firms across a diverse group of industries. Huron currently has multiple document review centers across the country (Houston, Texas; Miramar, Florida; Morrisville, North Carolina; New York, New York; and Rock Hill, South Carolina) and in India with a capacity in excess of 750 review workstations providing a rapidly scalable review solution to meet the most demanding deadlines.
About Discovery Services LLC
Founded by Ashish Prasad, DSL assists clients in the discovery process principally by providing document review and electronic discovery services of the highest quality. Drawing on a wealth of experience in the discovery process, DSL has developed standardized document review procedures that focus on review accuracy and quality. DSL reviews documents in lawsuits and government investigations under the direction and supervision of corporate legal departments or outside counsel. It also works with corporate legal departments and outside counsel to manage and validate the identification, location, retrieval, preservation, review and production of electronic and paper information in particular litigations and government investigations, which includes consulting and testifying expert services. Learn more at www.discoveryservicesllc.com.
About Huron Consulting Group
Huron Consulting Group helps clients effectively address complex challenges that arise in litigation, disputes, investigations, regulatory compliance, procurement, financial distress and other sources of significant conflict or change. The Company also helps clients deliver superior customer and capital market performance through integrated strategic, operational and organizational change. Huron provides services to a wide variety of both financially sound and distressed organizations, including Fortune 500 companies, medium-sized businesses, leading academic institutions, healthcare organizations and the law firms that represent these various organizations. Learn more at www.huronconsultinggroup.com.
Jennifer Frost Hennagir, Director
P (312) 880-3260
F (312) 583-8701