SOURCE: PSS Systems

PSS Systems

April 21, 2009 11:56 ET

PSS Systems Announces New Atlas Software Bundles Designed to Help Corporations Rapidly Reduce Legal Costs and Risks

Atlas Bundles Offer Lower Cost of Ownership and Faster ROI for Legal and IT Teams

MOUNTAIN VIEW, CA--(Marketwire - April 21, 2009) - PSS Systems, the leading provider of legal information governance solutions, announced today new software bundles designed to provide Global 1000 companies with a complete litigation and EDRM solution in a single, cost-effective offering. The company announced two bundles: the first combines Atlas Litigation Communications and Collections (LCC), the industry standard legal holds and collection system, with Atlas Discovery Cost Forecasting (DCF) to help corporate counsel control both cost and risk in their litigation workflow. The second bundle covers the corporate EDRM spectrum and includes Atlas LCC, Atlas for IT, Atlas DCF and Atlas ERM which combine to help companies address legal information management, legal holds and discovery across the enterprise.

"Litigation and discovery are the root causes of increasing legal and IT costs, due to bloated data retention, related overhead and compliance risk," said Deidre Paknad, President and Chief Executive Officer of PSS Systems, and founder of the Compliance Governance and Oversight Counsel (CGOC). "The new Atlas bundles provide companies an accelerated path to manage and reduce discovery costs, and reduce related legal and IT expenses. Because the Atlas products share a common enterprise governance map and a single code base, companies can immediately synchronize legal, IT and records management functions across the enterprise to reduce risk, defensibly dispose of data, and materially reduce costs."

Atlas for Litigation Solution Set - Embedding Cost Controls in the Litigation Workflow

The Atlas Litigation Solution Set combines the Atlas Litigation Communications and Collections (LCC) system with the ground-breaking Atlas Discovery Cost Forecasting system to help corporate legal departments efficiently and effectively manage the "3 Cs" of litigation workflow: communications such as hold notices and interviews; collection of data for discovery; and cost controls and forecasting.

Atlas LCC is the leading legal holds solution, managing more than 200,000 legal holds in Global 1000 companies representing 15 million custodians and petabytes of collection data. Atlas DCF includes a powerful cost forecasting engine, cost profiling by matter type, matter cost calculators, dashboards for future fiscal visibility, and instant reports to aid negotiations.

Discovery cost has gone from just a small portion of litigation costs to the vast majority of those costs, yet forecasting practices haven't kept pace with this sea change. A lack of scenario modeling tools has made it difficult to routinely predict cost or negotiate production scope and, as a result, companies resolve matters more slowly and at higher total cost. Atlas now embeds continuous cost control into the litigation workflow, eliminates manual data gathering and enables complex analysis; as a result total spend is reduced, decision making is improved and companies have increased negotiating power.

With typical legal fees of $50,000 to $75,000 per matter per month; per custodian costs of $80,000 to $120,000; and hundreds or thousands of legal matters for the average Global 1000 company, Atlas Discovery Cost Forecasting offers a significant opportunity to reduce costs.

"Rather than gearing up to do more e-discovery, we think companies should be conducting less e-discovery. With the Atlas for Litigation Solution Set, corporate counsels finally have the visibility they need to reduce the scope of production and resolve matters earlier at the lowest total cost," said Deidre Paknad, President and Chief Executive Officer of PSS Systems. "Corporate GCs can now control and reduce cost with precision and be more responsive to CEO and CFO demands for cost cutting and spend visibility."

"When custodian, volume and price data are readily available and corporate attorneys have tools to continuously forecast costs, they have the potential to reduce scope and avoid substantial expense. Built-in discovery cost forecasting is an exciting, timely breakthrough," said Tom Lahiff, director in PricewaterhouseCoopers Advisory Practice and a former corporate litigator. PwC advises clients on litigation readiness and response and is an Atlas solution delivery partner.

Atlas Legal Information Governance Solution Set - Addressing the Corporate EDRM Spectrum

The Atlas Legal Information Governance Solution Set provides a single-platform, single-system installation to address all in-house corporate elements of EDRM. The platform combines a suite of governance products for legal, IT, records, and business users -- providing powerful tools for addressing legal holds, discovery and information management, including retention and data protection procedures. The solution set offers companies a fast path to reducing legal and information risk, reducing data volume and related costs, simplifying legal compliance, and reducing IT complexity.

The bundle includes several Atlas modules to enable companies to more cost effectively achieve their governance objectives. With this bundle, companies can leverage a single installation and implementation for:

--  Intelligent Legal Holds
--  Automated Collection and Compliance
--  Value-Based Retention Management
--  IT Governance Portal with Ticketing Workflow
--  Enterprise Reference Map of Data Sources, Organization, and Employees
    

"The automation and integration of the Atlas platform have made it the de facto standard for legal holds and retention management software. PSS Systems is currently the recognized subject-matter expert on business systems for addressing preservation, retention, and privacy burdens," said Karen A. Schuler, co-author of the book "E-Discovery: Creating and Managing an Enterprise-wide Program."

For more information on Atlas Legal Information Governance Solution, Atlas Litigation Solution Set or the Atlas Discovery Cost Forecasting solution, visit www.pss-systems.com.

About Atlas

Atlas is the gold standard for legal information governance proven by more than 210,000 active holds under management involving more than 15 million custodians and petabytes of data collected, 100,000 retention schedules globally and end users in over 100 countries. Used by 5 of the Fortune 10 and 5 of the global 10 as well as the 5 largest oil, pharmaceutical, financial services, manufacturing, and healthcare companies, Atlas is the trusted solution for world-class companies. The Atlas Suite is the only end-to-end solution for corporate legal, IT, records and business users designed and built on a single, cohesive governance platform.

About PSS Systems

PSS Systems helps companies eliminate unnecessary legal risk, and discovery and data management costs. Its Atlas suite is the recognized leader in legal information governance with customers like Abbott, Amgen, Air Products, BP, Citigroup, ConocoPhilips, First Data, Merrill Lynch, and Travelers. PSS is the innovator that started the legal holds market in 2004 and has the largest concentration of customers and domain experts anywhere. PSS is a trusted business partner to its customers, offering expert insight, best-in-class software, and continuous innovation to address emerging challenges. PSS founded and sponsors the Compliance, Governance and Oversight Council (CGOC) as a part of its commitment to advancing corporate retention and preservation practices. The company is based in Mountain View, California. For more information, visit www.pss-systems.com.

Contact Information

  • For further information, contact:
    Dan Cahill
    (415) 552-3999 Office
    (917) 617-0106 Mobile
    Email Contact