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Information Discovery
Information Discovery is a term used in the legal and corporate industry which refers to the steps involved in distilling a corporation's data corpus down to the most pertinent evidence pertaining to a court-related matter or compliance directive. The major information discovery steps include: managing the entire data collection in a manner to identify all pertinent evidence associated with the matter, targeting that information for collection (forensically or otherwise), processing and identification (culling) of relevant data, and processing for document hosting and legal document/information review. Global organizations deal with legal discovery and disclosure request for electronically stored information β€œESI” and paper documents on a regular basis. The massive emergence of evidence in electronic format, and the emergence of entirely new forms of evidence, present a number of cultural, practical, and legal challenges to both corporations and their law firms. Managing the ...
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Electronically Stored Information
Electronically stored information (ESI), for the purpose of the Federal Rules of Civil Procedure (FRCP) is information created, manipulated, communicated, stored, and best utilized in digital form, requiring the use of computer hardware and software.''Electronically Stored Information: The December 2006 Amendments to the Federal Rules of Civil Procedure''
, Kenneth J. Withers, Northwestern Journal of Technology and Intellectual Property, Vol.4 (2), 171
ESI has become a legally defined phrase as the U.S. government determined for the purposes of the FRCP rules of 2006 that promulgating procedures ...
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Electronic Discovery
Electronic discovery (also ediscovery or e-discovery) refers to discovery in legal proceedings such as litigation, government investigations, or Freedom of Information Act requests, where the information sought is in electronic format (often referred to as electronically stored information or ESI). Electronic discovery is subject to rules of civil procedure and agreed-upon processes, often involving review for privilege and relevance before data are turned over to the requesting party. Electronic information is considered different from paper information because of its intangible form, volume, transience and persistence. Electronic information is usually accompanied by metadata that is not found in paper documents and that can play an important part as evidence (e.g. the date and time a document was written could be useful in a copyright case). The preservation of metadata from electronic documents creates special challenges to prevent spoliation. In the United States, at t ...
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Early Case Assessment
Early case assessment refers to estimating risk (cost of time and money) to prosecute or defend a legal case. Global organizations deal with legal discovery and disclosure requests for electronically stored information "ESI" and paper documents on a regular basis. Over 90% of all cases settle prior to trial. Often an organization will spend significant time and money on a case only to find they want to settle for whatever reason. Legal discovery costs are usually the most burdensome financially to both plaintiff and defendant. Often, and during cases in the United States, an opposing party will strategize on how to make it as difficult as possible for you to comply with the discovery process, including time and cost to respond to discovery requests. Because of this, organizations have a continued need to conduct early case assessment to determine their risks and benefits of taking a case to trial without painful settlement discussions. Many service organizations, law firms, ...
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Cloud Services
Cloud computing is "a paradigm for enabling network access to a scalable and elastic pool of shareable physical or virtual resources with self-service provisioning and administration on-demand," according to ISO. Essential characteristics In 2011, the National Institute of Standards and Technology (NIST) identified five "essential characteristics" for cloud systems. Below are the exact definitions according to NIST: * On-demand self-service: "A consumer can unilaterally provision computing capabilities, such as server time and network storage, as needed automatically without requiring human interaction with each service provider." * Broad network access: "Capabilities are available over the network and accessed through standard mechanisms that promote use by heterogeneous thin or thick client platforms (e.g., mobile phones, tablets, laptops, and workstations)." * Resource pooling: " The provider's computing resources are pooled to serve multiple consumers using a multi-ten ...
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Insourcing
Outsourcing is a business practice in which companies use external providers to carry out business processes that would otherwise be handled internally. Outsourcing sometimes involves transferring employees and assets from one firm to another. The term ''outsourcing'', which came from the phrase ''outside resourcing'', originated no later than 1981 at a time when industrial jobs in the United States were being moved overseas, contributing to the economic and cultural collapse of small, industrial towns. In some contexts, the term smartsourcing is also used. The concept, which ''The Economist'' says has "made its presence felt since the time of the Second World War", often involves the contracting out of a business process (e.g., payroll processing, claims processing), operational, and/or non-core functions, such as manufacturing, facility management, call center/call center support. The practice of handing over control of public services to private enterprises (privatization) ...
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Knowledge Discovery
Knowledge extraction is the creation of knowledge from structured ( relational databases, XML) and unstructured (text, documents, images) sources. The resulting knowledge needs to be in a machine-readable and machine-interpretable format and must represent knowledge in a manner that facilitates inferencing. Although it is methodically similar to information extraction ( NLP) and ETL (data warehouse), the main criterion is that the extraction result goes beyond the creation of structured information or the transformation into a relational schema. It requires either the reuse of existing formal knowledge (reusing identifiers or ontologies) or the generation of a schema based on the source data. The RDB2RDF W3C group is currently standardizing a language for extraction of resource description frameworks (RDF) from relational databases. Another popular example for knowledge extraction is the transformation of Wikipedia into structured data and also the mapping to existing knowl ...
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Legal Governance, Risk Management, And Compliance
Legal governance, risk management, and compliance (LGRC) refers to the complex set of processes, rules, tools and systems used by corporate legal departments to adopt, implement and monitor an integrated approach to business problems. While Governance, Risk Management, and Compliance refers to a generalized set of tools for managing a corporation or company, Legal GRC, or LGRC, refers to a specialized – but similar – set otoolsutilized by attorneys, corporate legal departments, general counsel and law firms to govern themselves and their corporations, especially but not exclusively concerning the law. Other specializations within the realm of governance, risk management and compliance include IT GRC and financial GRC. Within these three realms, there is a great deal of overlap, particularly in large corporations that have legal and IT departments, as well as financial departments. Legal governance Legal governance refers to the establishment, execution and interpretation of pro ...
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Early Case Assessment
Early case assessment refers to estimating risk (cost of time and money) to prosecute or defend a legal case. Global organizations deal with legal discovery and disclosure requests for electronically stored information "ESI" and paper documents on a regular basis. Over 90% of all cases settle prior to trial. Often an organization will spend significant time and money on a case only to find they want to settle for whatever reason. Legal discovery costs are usually the most burdensome financially to both plaintiff and defendant. Often, and during cases in the United States, an opposing party will strategize on how to make it as difficult as possible for you to comply with the discovery process, including time and cost to respond to discovery requests. Because of this, organizations have a continued need to conduct early case assessment to determine their risks and benefits of taking a case to trial without painful settlement discussions. Many service organizations, law firms, ...
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Risk Management In Business
In simple terms, risk is the possibility of something bad happening. Risk involves uncertainty about the effects/implications of an activity with respect to something that humans value (such as health, well-being, wealth, property or the environment), often focusing on negative, undesirable consequences. Many different definitions have been proposed. One international standard definition of risk is the "effect of uncertainty on objectives". The understanding of risk, the methods of assessment and management, the descriptions of risk and even the definitions of risk differ in different practice areas (business, economics, environment, finance, information technology, health, insurance, safety, security, privacy, etc). This article provides links to more detailed articles on these areas. The international standard for risk management, ISO 31000, provides principles and general guidelines on managing risks faced by organizations. Definitions of risk Oxford English Dictionary ...
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Disclosure
Disclosure may refer to: Arts and media Film and television *'' CBC News: Disclosure'', a television newsmagazine series in Canada * ''Disclosure'' (1994 film), an American erotic thriller film based on the 1994 novel by Michael Crichton * ''Disclosure'' (2020 American film), an American documentary film about Hollywood depiction of transgender people * ''Disclosure'' (2020 Australian film), a 2020 Australian drama film written and directed by Michael Bentham * "Disclosure" (''Doctors''), a 2003 television episode * "Disclosure" ''(Stargate SG-1)'', a 2003 television episode Music *Disclosure (band), a UK-based garage/electronic duo * ''Disclosure'' (The Gathering album), 2012 *"Disclosure!", a song by Jinjer from ''Wallflowers'' (album), 2021 Literature * ''Disclosure'' (novel), 1994 novel written by Michael Crichton Law and finance * Disclosure of evidence or discovery, pre-trial phase in lawsuits where parties to the case obtain evidence *Convention of disclosure, conventio ...
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