ProSearch and Text IQ Partner to Bring Additional Structure to Unstructured Data and Reduce Document Review Costs by up to 50% for ProSearch Enterprise Customers
ProSearch, a top provider of discovery and advanced technology-assisted review solutions to corporate legal departments, and Text IQ, the leading artificial intelligence platform to reduce risk, time and operational costs in privilege and privacy review, announced their strategic partnership. The collaboration promises to bring comprehensive and compelling solutions to Global 2000 enterprises, helping in-house counsel mitigate risk in cases such as privilege review, PI detection and auto-redaction. Text IQ’s unique machine learning technology will extend the price certainty and predictability in document review that ProSearch clients enjoy by introducing additional reductions in operational costs of up to 50%.
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“Our partnership with Text IQ allows us to offer clients AI-driven technology that perfectly complements our service delivery model, innovative workflows and deep expertise in deriving insights from data,” says Matt Davidson, director of client services at ProSearch. “Text IQ will enable ProSearch to effectively manage not just a single use case like privilege review automation, but an entire portfolio of cases ready for improvements like CCPA compliance. Our specialists went through an extensive training and certification program at Text IQ and are now ready to work with our clients to automate the expensive and time-consuming parts of discovery, helping them improve legal and business outcomes.”
With its corporate Enterprise offering, ProSearch reimagines the conventional approach to solution design and service delivery by working as part of client discovery teams. Data is no longer simply collected and processed for single matters; rather, consistent workflows and value-driven solutions are implemented to improve efficiency in a more holistic way. Source data is repurposed, and reusable data assets are created with the knowledge and insight the team acquires and carries across matters.
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“Text IQ is a recognized leader in artificial intelligence with its innovative approach to creating a layer of structured data on top of risky, unstructured data, such as emails and chat messages, where privileged and sensitive personal information can easily get missed,” states Greg Palm, legal industry veteran and former general counsel of Goldman Sachs. “The combination of Text IQ’s proprietary AI software and the ProSearch service delivery model should achieve greater efficiency and cost predictability in what has long been regarded as a largely unpredictable and volatile cost center.”
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