Xerox Services’ ability to speed up legal casework and detect compliance risks through its innovative analytics service earned the Analytics 50 Award from CIO.com and Drexel University.
Xerox Legal Business Services (XLS) was the only legal services firm honored among a wide spectrum of industries in the inaugural Analytics 50. The new award program by information technology media company CIO.com and Drexel honors 50 companies who are using innovative analytics to solve business challenges.
“This designation is a testament to the fast-forward thinking of our data scientists and legal process experts in creating our Analytics Hub platform,” said Beth Fritts, managing director of Xerox Legal Business Services. “The predictive and prescriptive algorithms they create to unlock the power of our big data analytics technology empowers legal teams to remain compliant and curtail costs.”
Unlike previous-generation analytics that derive insights from documents within a single case, the Analytics Hub consolidates data from litigation, investigation and regulatory compliance cases hosted across different eDiscovery platforms. In analyzing the millions of documents legal teams have reviewed and classified for prior and current cases, Xerox’s analytics-as-a-service platform identifies which documents are relevant for new cases and predicts which have the potential of becoming a legal liability.
By giving visibility into past casework and automatically classifying and identifying documents that legal teams must review manually, the Analytics Hub prevents repetitive reviews of the same documents – saving up to 60 percent or potentially millions of dollars per case.
XLS is the legal support, electronic discovery and compliance services division of Xerox. With offices throughout the United States, Europe and Asia, Xerox Legal Business Services combines local eDiscovery knowledge and expertise with global reach.
Xerox is helping change the way the world works. By applying our expertise in imaging, business process, analytics, automation and user-centric insights, we engineer the flow of work to provide greater productivity, efficiency and personalization. Our employees create meaningful innovations and provide business process services, printing equipment, software and solutions that make a real difference for our clients and their customers in 180 countries. On January 29, 2016, Xerox announced its plans to separate into two independent, publicly traded companies – Xerox Corporation, which will be comprised of the company’s Document Technology and Document Outsourcing businesses, and Conduent Incorporated, a business process services company.