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CRA Buys Lee and Allen (April 2005)

November 22, 2008 — 585

In April 2005 CRA (Charles River Associates) bought the forensic accounting firm Lee and Allen for an estimated £8 million.

Charles River Associates Incorporated (NASDAQ: CRAI), an internationally known leader in providing economic, financial, and management consulting services, today announced its acquisition of Lee & Allen Consulting Limited, a London-based consulting firm offering financial dispute resolution and forensic accounting services to the corporate, legal, and regulatory markets. The acquisition will add approximately 40 consultants to CRA’s roster.

Under the terms of the agreement, CRA acquired Lee & Allen for a purchase price of approximately GBP 8.3 million (approximately US$15.8 million), consisting of GBP 6.3 million (US$12.0 million) in cash and GBP 2.0 million (US$3.8 million) in loan notes to be exchanged for restricted shares of CRA stock. Additional purchase consideration may be payable if specific performance targets are met. In addition to its corporate headquarters in London, Lee & Allen maintains an office in Hong Kong. Lee & Allen recorded revenues of approximately GBP 7.1 million (US$13.5 million) during calendar year 2004. CRA expects the acquisition to be accretive in the first full quarter of combined operations.

Source

Tags: CRA, Lee+and+Allen

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FTI Buys Attenex (June 2008)

November 22, 2008 — 585

FTI bought Attenex in June 2008 for $88 million. This follows on, and fits in well, with their previous purchase of RingTail. FTI now have both linear analytical/clustering review technologies in house.

As FTI took RingTail off the market to service providers (a decision which was later reversed), it will be interesting to see how those who intend to purchase Attenex will behave.

The acquisition, which is expected to close in the third quarter, will add to earnings in 2009, the company said.

The Seattle-based Attenex, which had revenue of about $25 million in 2007, provides software that automates data processing and provides visualization tools for analyzing massive amounts of electronically stored information. Attenex helps corporations and their law firms comply with regulatory requests and internal investigations by assisting them with the electronic-discovery process.

Attenex staffers Kathryn Hardie, J.R. Jesson, Mike Kinnaman and Joe White will join FTI as senior managing directors in FTI’s technology segment, the company said.

The acquisition expands FTI’s software offerings, and enhances its position in the space, the company said.

Source

Tags: FTI, Attenex, RingTail, E-Discovery

Posted in e-discovery. Tags: Law. No Comments »

FTI Buys RingTail (2005)

November 22, 2008 — 585

In Feb 2005 FTI announced the purchase of the review platform RingTail

Annapolis, MD - February 28, 2005

FTI Consulting, Inc. (NYSE: FCN), the premier provider of corporate finance/restructuring, forensic and litigation consulting and technology, and economic consulting, today announced that it has completed its previously announced acquisition of the assets of privately held Ringtail Solutions Group (Ringtail), including its operations in Australia, the United Kingdom and the United States. The purchase price of $35.0 million comprised $20.0 million of cash plus $15.0 million in shares of FTI common stock, plus an earn-out over the next three years based on future performance. The cash portion of the purchase price was financed by FTI from cash on hand and its existing credit facilities.

Source

Tags: FTI, RingTail, E-Discovery

Posted in e-discovery. Tags: ICO. No Comments »

E-Discovery Processing Tools

November 8, 2008 — 585

Below are sample of e-Discovery Processing Tools, some are better than others and the price will vary radically. This list does not recommend or comment on any of these tools

Clearwell
Zantaz/Introspect
Access Data E-Discovery Labs
Discovery Cracker
IPro
E-Discovery Tools
Extractiva
LAW
EnCase/Guidance Software also produce one, but this is not available to Vendors and is only for internal use.

Posted in Tools, e-discovery. Tags: Encase, Law. No Comments »

Lockheed Martin Selected to Continue Automated Litigation Support to the Commodity Futures Trading Commission

November 8, 2008 — 585

Lockheed Martin (NYSE: LMT - News) announced that the corporation received a Blanket Purchase Agreement (BPA) to continue providing litigation support services to the U.S. Commodity Futures Trading Commission (CFTC). The initial funding, extending a five-year eLaw association between Lockheed Martin and CFTC’s Division of Enforcement, is valued at approximately $2 million.

Source

Posted in e-discovery. Tags: Law. No Comments »

Tool for Converting Load File

November 8, 2008 — 585

IPRo’s tool for converting load files

IConvert™ is a free utility that converts cross-reference files to one or more of the popular litigation support file formats. IConvert also features a built-in verification function to help you ensure the integrity of the files. Using IConvert, you can convert to/from:

DB Textworks
Doculex™ Version 3
Doculex™ Version 5
Documatrix™ (export only)
Introspect (export only)
IPRO Tech LFP
ETech
Opticon™
Ringtail™
Summation®
Trial Director™
Visionary

For example, Summation DII files can be converted to Opticon cross-reference files and vice versa.

http://www.iprocorp.com/IPRO_Demo/iproiconvert.htm

Posted in e-discovery. Tags: ICO. No Comments »

TREC – Text REtrieval Conference

October 27, 2008 — 585

TREC, Text REtrieval Conference, e which now has 23 countries attending, was started in 1992 an has been co-sponsored NIST, National Institute of Standards and Technology and the US DoD (Department of Defense) throughout.

TREC has the following aims:

to encourage research in information retrieval based on large test collections;

to increase communication among industry, academia, and government by creating an open forum for the exchange of research ideas;

to speed the transfer of technology from research labs into commercial products by demonstrating substantial improvements in retrieval methodologies on real-world problems; and

to increase the availability of appropriate evaluation techniques for use by industry and academia, including development of new evaluation techniques more applicable to current systems.

An example of some of the publications by TREC is: Experiment and Evaluation in Information Retrieval

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