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Spotlight Applied Discovery Becomes Part of the LexisNexis Group Innovators Join Forces to Provide Expanded Services to Clients This issue's Spotlight column features an interview with Rich Corbett, co-founder and senior vice president of strategy & business development of Applied Discovery. The Orange Pages (TOP): The big news at Applied Discovery this summer was the announcement of the merger with LexisNexis®. Congratulations! Can you tell us what led to this development? Rich Corbett (RC): Thank you very much. This is a very exciting time for all of us, and an important time for our clients. As you know, Applied Discovery pioneered the field of electronic discovery as it is known today. We developed the industry's first online review application for electronic documents, and have continued to enhance our core technology with enhancements to our document processing capabilities and the functionality of our online review application since the late 1990s. The demand for e-discovery services has grown tremendously in the past two years. In order to respond to the needs of our clients, we determined that it was time to look ahead and think about how to ensure our services and technology would continue to meet the needs of our clients. Ultimately, we determined that organic growth within our company could only take us so far. We wanted to identify a long-term partner who shared our vision for the future of legal technology and our commitment to client satisfaction. We knew that a transaction like this would be the best way to achieve our goals. TOP: So, why LexisNexis? RC: LexisNexis is a global leader in the legal industry, and provides a wide variety of services to the same client base we serve. In the same way Applied Discovery was the first company to introduce attorneys to online electronic document review, LexisNexis was the first company to introduce attorneys to online legal research. As we learned about their experiences in the past 30 years, we saw many similarities in the vision of both companies. We ultimately realized that the most important consideration for us was to join forces with a company that shared our basic philosophy- to provide clients with an unequaled quality of products and first-rate client service. With that in mind, we found the ideal fit for Applied Discovery and our clients in LexisNexis. TOP: How will Applied Discovery's clients benefit from the combination of the two companies? RC: In the short term, our clients will benefit from the convenience of local representatives in every major city in the U.S. These additional resources will enable us to meet client needs more efficiently. In the long run, our combined resources will allow for an accelerated product development cycle with a greater emphasis on developing new services to meet client needs throughout the life of a case. TOP: How do you expect this merger to affect new business opportunities? RC: The legal industry is notoriously cautious about trying new things. In the aftermath of the bursting "dot com bubble," many attorneys have been particularly reluctant to trust any company with one of the most important components of the litigation process-discovery. Becoming part of an established, well-respected company like Lexis- Nexis provides clients with a greater level of comfort that only comes from doing business with a company with many years of success behind it. This really puts Applied Discovery in a unique position as compared to other electronic discovery service providers. No other company has the legal technology history and credibility that Applied Discovery enjoys in its new role as a member of the LexisNexis Group. |
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