Overview of Epiq Systems
Epiq Systems, a global leader in technology-enabled legal services, offers a comprehensive suite of solutions designed to streamline and enhance the management of various legal, compliance, and business operations. Here’s a detailed look at what Epiq Systems does and its key features and functionality.
What Epiq Systems Does
Epiq Systems provides integrated technology, consultative, and administrative services to law firms, corporations, financial institutions, and government agencies. The company focuses on easing the burden of complex legal matters by offering solutions in areas such as eDiscovery, class action and mass tort administration, court reporting, regulatory compliance, restructuring, bankruptcy, and more.
Key Features and Functionality
Epiq Discovery
- This cloud-based eDiscovery platform is a cornerstone of Epiq’s offerings. It enables users to preserve, analyze, and review large volumes of data efficiently. Key features include AI-driven text summarization, transcription, translation, and PII (Personally Identifiable Information) detection. The platform is known for its speed, reducing processing time by 2 to 5 times and overall time savings by 50%, along with significant cost savings of 50 to 80%.
Epiq Service Cloud
- This is a centralized digital platform that integrates various Epiq solutions, including Epiq Discovery, Epiq Access, Epiq Processing, and third-party applications. The Epiq Service Cloud provides advanced legal business intelligence, spend management dashboards, data transfer tools, and on-demand project status updates. It also includes features like self-service tools for managing data for internal investigations and subject access requests, as well as business-of-law applications for legal spend analysis and invoice review.
Epiq Access
- This is the user interface for the Epiq Service Cloud, offering a single point of entry into eDiscovery technologies and other Epiq tools. Epiq Access streamlines work, provides on-demand information, and simplifies communication with features such as a robust work request module, hosting and processing dashboards, and multifactor authentication for secure access.
Data Management and Analytics
- Epiq’s solutions are backed by a state-of-the-art data architecture, including a large-scale data warehouse and industry-leading security. This enables clients to manage and analyze large volumes of data efficiently, with tools like Epiq Reporting and Analytics and Bankruptcy Analytics.
Additional Services
- Epiq offers a wide range of services beyond eDiscovery, including class action and mass tort administration, court reporting, regulatory compliance, corporate restructuring, bankruptcy, and legal operations transformation. The company also provides contract solutions, M&A support, and digital mailroom services, among others.
Benefits
- Efficiency and Speed: Epiq’s solutions significantly reduce the time and complexity associated with legal and compliance tasks.
- Cost Savings: Clients can achieve substantial cost savings through the use of Epiq’s platforms.
- Security and Compliance: Epiq ensures high levels of security and compliance, leveraging both private and public cloud infrastructure.
- Scalability: The solutions are adaptable to various service levels, from self-service to full-service models, making them suitable for a wide range of clients.
- Global Reach: With a global presence, Epiq can support clients with regionally diverse needs, offering local service and segment expertise.
In summary, Epiq Systems is a robust and integrated suite of legal and business solutions that leverage advanced technology, AI, and data analytics to streamline complex legal and compliance processes, ensuring efficiency, cost savings, and enhanced productivity for its clients.