I happened to be researching for new review software on the market and I found this rather interesting, so I thought I would throw it out there. I don’t vouch for any particular software on this blog, but if I see soemthing new, I am more than happy to mention it.
From the OLT website:
Currently in BETA, OrangeLT™’s Predictive Pricing Estimator is an online predictive pricing estimation tool designed to help law firms, corporations, and governmental agencies estimate, compare, and evaluate the monetary costs associated with the use of analytics, processing and review services in the conduct of electronic discovery. Using a combination of industry accepted volume and cost parameters, the Predictive Pricing Estimator allows users to enter estimates for both the volume of data and potential reviewers available and to see how these estimates influence data reduction and review costs throughout the electronic discovery stages of analytics, processing, and review.
How can organizations use the estimator to engage with OrangeLT™?
While Predictive Pricing Estimator results are non-legally binding estimates, organizations can use the calculated results of estimations to help develop Request for Proposals (RFPs) and Statement of Work (SOW) documents that may be used in developing and implementing their electronic discovery project plans.
How can users access the Predictive Pricing Estimator?
To access the Predictive Pricing Estimator, simply click here.
Some good insight into the Walgreens/Long Drug Stores merger from Reuters:
Pension fund adviser CtW Investment Group told Longs Drug Stores Corp’s (LDG.N: Quote, Profile, Research, Stock Buzz) board on Monday that a sale to Walgreen Co (WAG.N: Quote, Profile, Research, Stock Buzz) should not raise major anti-trust concerns and again called for an auction rather than a straight sale to CVS Caremark Corp (CVS.N: Quote, Profile, Research, Stock Buzz).
Longs agreed to be bought by CVS Caremark for $71.50 per share in August and Walgreen swooped in with a $75 bid a month later. Longs has rebuffed Walgreen’s advances, citing potential regulatory hurdles that could delay a deal by up to a year.
Ralph Losey’s blog on e-Discovery continues to do nothing but impress. I mean every single one of his posts could be its very own white paper. Believe me, I know, because I am working on a white paper as we speak. His blog is a must read for anyone in the e-disocovery field, especially attorneys.
From the great blog, e-Discovery Team:
Attorneys of today are, on the whole, more competent and better prepared than attorneys of the past. Certainly the standards for admission to law schools are steadily increasing and it has attracted many very intelligent people. Further, the vast majority of the people in the legal profession have very solid moral ethics and good judgment in this area. Indeed, the screening of applicants by state bar associations appears to be more severe and careful than in was in the past. Yet, the growing bad behavior of lawyers in the field of e-discovery is irrefutable.
I can’t believe it! This is only the second time the Redskins have beaten at the Covboys in Dallas in like the last 175 meetings, give or take a few. I will savor this victory for a day or two, and then get back to reality. In my humble opinion, the Cowboys are by far the most talented team in the NFL, and I expect them to bounce back with incredible aggressiveness. Thank goodness we don’t play them again for a while. On to Philly.
Gabe’s Guide to the e-Discovery Universe is six months old today! That is like three and half years if the blog was run by a dog. Thank you to all my readers. This blog has been alot of fun for me to put together.
Looks like subprime litigation is also going to skyrocket Canada as well. I know this because Canada is right next to the United States, and that makes me a foreign policy expert.
Off Topic: Go Skins beat Dallas! Ok, I know that is a tall order, but I can at least be hopeful for the next couple of hours.
From The National Law Journal:
The bailouts and bankruptcies of some of Wall Street’s most prominent financial firms could hinder the claims of plaintiffs who have filed shareholder lawsuits against those companies.
Also, attorneys warn that shareholder actions face much greater difficulty than those filed against Enron Corp. and WorldCom Inc.
This month’s bankruptcy of Lehman Brothers Holdings Inc., the $85 billion loan to American International Group Inc. (AIG) and the bailout of the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corp. (Freddie Mac) have, in some cases, put a temporary freeze on the dozens of shareholder lawsuits filed in recent months against those companies.
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From The National Law Journal, Hat Tip, PL
Former U.S. District of Massachusetts federal bankruptcy Judge Robert Somma, who resigned after a drunk driving arrest, is now senior counsel at Boston-based firm Posternak Blankstein & Lund. Somma was arrested in New Hampshire in February while wearing women’s evening wear, according to Associated Press reports. He tried to rescind his resignation and more than 200 bankruptcy lawyers signed on to a letter supporting him that was sent to the 1st Circuit. His resignation became effective on May 30.
Great article by Kelly Young at Legal Tech Newsletter:
The practice of “search” as part of electronic discovery is evolving before our eyes. Suddenly, what was once deemed industry standard is insufficient. Keyword search, the legal profession’s preferred method for sifting through large collections of electronically stored information to find relevant or privileged information, had been widely accepted by courts and the legal community because its effectiveness was assumed and unchallenged.
Until now…
More insight on the Mid-American’s takeover of Constellation from TheDeal.com:
We liked Steve Davidoff’s DealBook post on the MidAmerican Energy Holdings Co.-Constellation Energy Group Inc. merger agreement. As one would expect given that Constellation was on the verge of bankruptcy when it agreed to sell, the agreement reads like one drafted by a buyer with no seller mark-ups. Constellation didn’t have time to mark up. It announced the deal last Thursday, a day before it signed the agreement. That is desperation. But MidAmerican was also able to get such favorable terms because Baltimore-based Constellation is incorporated in Maryland, and Maryland law allows target company management to do almost anything in signing up a deal, a relic of the days of the evil hostile raider and the poor downtrodden target company management that wanted only to do the right thing by its beloved community.
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I assume most people that read this blog are members of The Posse List. If you are not, you should be. It is free to sign up, and the information you receive about the job market, and overall analysis of the the industry can be invaluable at times. Below is a recent example regarding a posting from Kevin LaCroix’s D&O Diary.
From TPL:
As has been reported in all the legal media web sites, the tsunami of filed and pending financial meltdown/subprime-related securities cases is still on the rise. Nobody covers this better, by the way, than Kevin LaCroix at his site The D&O Diary (www.dandodiary.com). We access his site all the time to track litigations and potential projects.
Now, as Kevin reports, we’ve entered “a dark new phase”. While prior stages of the crisis generated waves of related litigation, this new phase already has produced its own distinctive round of lawsuits. Quoting Kevin:
“Like the underlying economic circumstances, the new litigation phase also seems darker and more threatening. As might have been predicted, shareholder lawsuits have already been filed against the directors and officers of some of the most prominent companies caught up in the recent events. For example, on September 15, 2008, Merrill Lynch shareholders filed a complaint in New York state court against the company and certain of its directors and officers alleging that the company’s planned merger with Bank of America is the result of a “flawed process and unconscionable agreement” and that the defendants had breached their fiduciary duties. [Now we have] credit crisis lawsuits where the defendant companies are not themselves directly affected by credit crisis fallout, but instead suffer from exposure to other companies that have been directly affected. In a litigation example of these circumstances at work, plaintiffs’ lawyers today initiated another securities class action against a company suffering the effects of Lehman Brothers’ collapse”
