Thu. Mar 28th, 2024

Content Assessment: Risky Corporate Business? Epiq Launches Regulatory Risk Insights™

Information - 90%
Insight - 88%
Relevance - 89%
Objectivity - 86%
Authority - 90%

89%

Good

A short percentage-based assessment of the qualitative benefit of the recent announcement from Epiq of its Regulatory Risk Insights, a technology-enabled service.

Editor’s Note: From time to time, ComplexDiscovery highlights publicly available or privately purchasable announcements, content updates, and research from cyber, data, and legal discovery providers, research organizations, and ComplexDiscovery community members. While ComplexDiscovery regularly highlights this information, it does not assume any responsibility for content assertions.

To submit recommendations for consideration and inclusion in ComplexDiscovery’s cyber, data, and legal discovery-centric service, product, or research announcements, contact us today.


Press Announcement (October 26, 2022)

Epiq Launches Regulatory Risk Insights™ to Uncover Actionable Insights about Potentially Illegal Corporate Activity

The technology-driven service addresses an environment of increased regulatory activity and the heightened risk posed to organizations by a wide-range of activities across their global operations.

Epiq, a global technology-enabled services leader to the legal industry and corporations, announced today it has launched Epiq Regulatory Risk Insights™, a technology-driven service where the Epiq team works closely with corporations and their outside counsel to proactively identify internal corporate actions and behavior that can put organizations at risk for civil and criminal antitrust violations, corrupt practices, bribery, and false claims.

The service deploys innovative technology, artificial intelligence, and substantive expertise to provide early and critical intelligence reflected in corporate data. With this information, corporations can make strategic decisions to quickly address potentially harmful situations and, in some cases, make early applications for leniency.

“The best way to mitigate uncertainty is to safeguard with a solid compliance program,” said Erin Toomey, Vice President and Managing Director of Epiq’s Global Investigations Practice Group. “Programs should include measures to prevent violations, and also quickly detect and report violations. This remains a company’s best chance at avoiding prosecution.”

Given the widespread expansion of regulatory oversight, corporations are looking to take a more proactive approach to address potential issues of corporate liability. Epiq experts have decades of experience analyzing data to identify critical documents during active legal matters. Epiq Regulatory Risk Insights™ gives clients the ability to leverage that expertise, underpinned by sophisticated use of advanced technologies, to enhance larger risk management programs.

The technology that drives Epiq Regulatory Risk Insights™ sets it apart and enables customers to derive granular insights that may otherwise remain locked in their corporate databases. The experts behind the new service use pre-built subject matter AI models with proprietary search flows and workflows. Working closely with counsel, the team interrogates the data to discover possible issues of concern, delivering the ability to potentially address and mitigate risk before it comes to the attention of regulators.

“The combination of deep subject matter expertise and a sophisticated approach to quickly finding key documents, patterns, and themes provides our clients with compelling and defensible strategies for managing risk,” Toomey said.

Epiq Regulatory Risk Insights™ combines Epiq’s deep global investigations expertise with Epiq’s Case Insights™ team, which is led by Alison Dunham, Director of Advanced Analytics. Launched by Epiq in early 2021, this team includes Epiq consultants with extensive knowledge of advanced tools, techniques, workflows, and processes, who can quickly deliver reports containing key facts, themes, and behavior patterns.

“Collaborating closely with legal teams, we typically can provide meaningful analysis and actionable results quickly and accurately,” Dunham said. “We are delighted to be able to apply our expertise to this new initiative in order to best support our clients.”

Additional Resources:

  • Learn more and request a meeting about Regulatory Risk Insights™ here.
  • Learn more about Epiq Case Insights™ offering here.

About Epiq

Epiq, a global technology-enabled services leader to the legal industry and corporations, takes on large-scale, increasingly complex tasks for corporate counsel, law firms, and business professionals with efficiency, clarity, and confidence. Clients rely on Epiq to streamline the administration of business operations, class action, and mass tort, court reporting, eDiscovery, regulatory, compliance, restructuring, and bankruptcy matters. Epiq subject-matter experts and technologies create efficiency through expertise and deliver confidence to high-performing clients around the world. Learn more at www.epiqglobal.com.

Read the original release.

Additional Reading

Source: ComplexDiscovery

 

 

Generative Artificial Intelligence and Large Language Model Use

ComplexDiscovery OÜ recognizes the value of GAI and LLM tools in streamlining content creation processes and enhancing the overall quality of its research, writing, and editing efforts. To this end, ComplexDiscovery OÜ regularly employs GAI tools, including ChatGPT, Claude, Midjourney, and DALL-E, to assist, augment, and accelerate the development and publication of both new and revised content in posts and pages published (initiated in late 2022).

ComplexDiscovery also provides a ChatGPT-powered AI article assistant for its users. This feature leverages LLM capabilities to generate relevant and valuable insights related to specific page and post content published on ComplexDiscovery.com. By offering this AI-driven service, ComplexDiscovery OÜ aims to create a more interactive and engaging experience for its users, while highlighting the importance of responsible and ethical use of GAI and LLM technologies.

 

Have a Request?

If you have information or offering requests that you would like to ask us about, please let us know, and we will make our response to you a priority.

ComplexDiscovery OÜ is a highly recognized digital publication focused on providing detailed insights into the fields of cybersecurity, information governance, and eDiscovery. Based in Estonia, a hub for digital innovation, ComplexDiscovery OÜ upholds rigorous standards in journalistic integrity, delivering nuanced analyses of global trends, technology advancements, and the eDiscovery sector. The publication expertly connects intricate legal technology issues with the broader narrative of international business and current events, offering its readership invaluable insights for informed decision-making.

For the latest in law, technology, and business, visit ComplexDiscovery.com.