The Rise of Vertical-Specific Discovery Management Software in Legal Tech

When considering the future of eDiscovery, vertical-specific discovery management software should come to mind. It's tailor-made to meet the needs of specific industry workflows while providing legal teams with the tools needed for success.

Allied Market Research reports that the eDiscovery market will rise to $25.2 billion by 2031. Because of this, it's critical that legal teams keep up with the most recent discovery technology.

Here, we'll highlight the growing adoption of vertical-specific discovery software across key regulated industries in Europe, the Middle East, and Africa (EMEA). Primarily, we will discuss these needs in the finance, healthcare, and energy sectors. Read on to learn how these tailored legal tech solutions streamline eDiscovery processes in these areas.

What Is Vertical-Specific Discovery Software?

eDiscovery investigations in EMEA nations can be challenging due to industry-specific regulations. This is because most eDiscovery software is "horizontal," meaning that it functions across every industry imaginable.

Horizontal software has broad and general applications and does the same thing for businesses across multiple sectors. Unfortunately, since those in industries like healthcare and manufacturing have extremely different requirements, horizontal discovery software is ineffective.

Vertical-specific discovery software is specifically made to meet the needs of businesses within a single industry. It doesn't have generalized functionality but instead prioritizes a deeper domain expertise within one industry.

For example, vertical eDiscovery software will work specifically toward HIPAA compliance in healthcare sectors with required industry encryptions and secure file types. These public health records are frequently needed during the legal hold process, so vertical technology can store them in a way that keeps legal teams and custodians compliant with direct HIPAA-compliant integrations.

On the flip side, the legal team working with a large construction firm may need to hold documents within construction-specific applications. This may include financial and budgeting information stored in apps that the discovery platform integrates with.

Bolstering Efficient Operations

The best eDiscovery software for EMEA applications manages a lot of electronically stored information (ESI). This ESI is stored in multiple applications like:

• Microsoft 365
• Google Drive
• Email
• Instant messages
• Teams
• Dropbox
• Clio
• Slack

All of this appears in a single dashboard after you integrate data from multiple applications. This leads to increased efficiency as a result of:

• A unified, all-in-one location for tracking and holding documents
• AI-driven automated data management
• Data normalization features
• Machine learning that culls unnecessary data
• AI that finds key documents ASAP
• The ability to identify patterns in all data sources
• Automated tagging and filtering due to simple search

Addressing Unique Compliance Challenges

When data is needed in litigation or criminal investigations, company legal representatives will get a FOIA request or subpoena order. They'll put out a legal hold, instructing employees to secure and retain relevant data without altering it.

Vertical-specific eDiscovery software ensures that these employees, known as custodians, can hold it according to the standards of their industry. In addition to platform-embedded compliance features, top eDiscovery software has native integrations to multiple industry-compliant data sources.

This is true in the US, but it's also true in EMEA countries.

Every country in Europe, the Middle East, and Africa has its own compliance standards within various industries. No two nations have precisely the same needs, but vertical eDiscovery management software is easy to tailor to location-specific requirements.

It's easier to ensure that you meet national and local requirements when you invest in top-notch technology.

Supporting Sector-Specific Regulations

Ensuring compliance with industry requirements ensures adherence to sector-specific regulations. Whether that means HIPAA compliance or CCPA compliance when working with consumer data, AI-powered eDiscovery software supports every legal team's specific needs.

This:

• Mitigates the risk of data theft, which IBM reports can cost a business about $4.4 million if they don't adopt AI-driven software
• Stops your company from being hit with hefty fines
• Decreases the likelihood of legal penalties from governing bodies
• Maintains your good reputation within your sector

Reveal's Cutting-Edge Technology: What Is the Future of eDiscovery?

Finding the best legal analytics software may sound like a challenge, but top e-discovery solutions make themselves immediately evident. Reveal offers vertical-specific software for businesses across the world. It uses legal technology trends like machine learning to streamline the process of industry-specific eDiscovery holds.

Our document review platform:

• Integrates with other applications that contain ESI
• Puts all relevant ESI into an easily-accessible, all-in-one platform
• Uses AI to identify documents relevant to legal holds
• Organizes those documents by subject and file type
• Pulls text from image files when needed
• Transcribes audio and video files
• Simplifies review with AI-generated summaries of hard-to-read text
• Translates data written in other languages for easy review

Our flexible deployment models ensure that every business we work with can meet the unique needs of their sector's data storage requirements.

Frequently Asked Questions

Are vertical-specific technologies customizable?

It's easy to customize your eDiscovery technologies when working with Reveal. You select the AI tools you want to use and run them as you see fit. Vertical eDiscovery software can also be configured to resolve specific pain points within your industry.‍

What else sets Reveal apart?

Our software is extremely user-friendly due to:

• Integrated search features
• Automated document management
• Scalable data volume needs

Is Reveal an end-to-end technology?

Yes, Reveal takes you from the beginning of the eDiscovery process to its conclusion. You begin using it from the moment you receive a request to the second you release legal holds.

Invest in Top Discovery Management Software

eDiscovery for corporations in EMEA countries can be a challenge. Luckily, vertical-specific discovery software can help every company meet its unique industry requirements and retain compliance.

Now that you know some benefits of Reveal's AI-powered tools, it's time to manage your legal hold processes more effectively.

Our comprehensive suite of cutting-edge tools works predictably to solve the biggest pain points that eDiscovery brings. It's specifically made for company legal representatives, LSPs, law firms, and public records holders. Because of this, you can rely on our tech solutions to meet your needs with industry-leading support.

Contact us to ask any remaining questions you have. We're excited to help you schedule a demo and show you what we can do!