CASE STUDY Large Commercial Bank | United States
Financial Services Institution and Leading Law Firm Leverage AI on Multiple Company-Impacting Matters
Client Need
- Subpoenas from SEC, DOJ, Federal Reserve, FDIC, and OCC in industry-sweeping investigation.
- Eight million documents to be analyzed for production.
- Complex review protocol requiring 25 issue tags for each document and ongoing regulator requests.
- Law firm also managing response of related subsidiaries.
Client Solutions
- Shift from 40 reviewers to Epiq AI Discovery Assistant and 3 reviewers to satisfy regulator demands.
- Craft custom, flexible models to meet each regulator’s requests.
- Validate AI-based results with a team of three lawyer reviewers.
Why Epiq
- Leading technology with expansive support and training resources.
- Validate the resulting production defensibly.
- Upload review protocols simply, without the need to convert them into instructions or code.
Epiq AI Discovery Assistant was impressive. This was a surgical approach to a very complex review.
— Director of eDiscovery and Litigation Support
Results and Benefits
Meet regulators’ requirements and timeframes.
Produce 1 million documents in multiple productions to different regulators.
Achieve above 80% recall and 70% precision for defensibility.
90% reduction in cost.