Global advisory firm
FTI Consulting, Inc.
) recently announced the introduction of an updated version of
the Ringtail e-discovery software, which is fortified with an
intuitive and visual predictive coding feature that provides
users with greater confidence in results. The software was
launched by the company's FTI Technology business segment.
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Combining case management and document review in a single
platform, Ringtail offers a comprehensive e-discovery solution
with powerful data analytics and visual review tools to improve
the productivity and efficiency of legal review. In addition, the
software has flexible deployment options and market-leading
functionality to reduce the overall cost of e-discovery.
The predictive coding feature of Ringtail software facilitates a
visual approach of a user manual to train a classifier to code
large document sets quickly and defensibly. This includes an
intuitive workflow, visual validation of a model's performance,
and a projections matrix to examine recall and precision targets.
Other than the predictive coding functionality, Ringtail enables
users to analyze data and determine trends, characteristics and
the potential cost of review. In addition, it also helps to
analyze large document populations faster and collate related
information with ease by linking documents to issues, binders,
transcripts, saved searches and other objects. The advanced
version of Ringtail is likely to be made available on-demand by
the end of third quarter 2013.
Based in Baltimore, Md, FTI Consulting provides specialized
consulting services across 24 foreign countries with a total
headcount of more than 4,000 employees. The company has a team of
highly qualified professionals, who provide problem-solving and
technology services primarily to major corporations, financial
institutions and law firms.
The company's client list comprises a large percentage of the
Fortune 500 companies, the FTSE 100 companies, as well as the
majority of the largest 25 banks and the top 100 law firms in the
world. The company's five main business segments include
Corporate Finance and Restructuring, Forensic and Litigation
Consulting, Strategic Communications, Technology, and Economic
FTI Consulting presently has a Zacks Rank #3 (Hold). Other
players in the industry that are worth mentioning include
Corporate Executive Board Co.
Franklin Covey Co.
Huron Consulting Group Inc.
), each of which carries a Zacks Rank #2 (Buy).