2008-09-30 13:29:01 -

www.applieddiscovery.com/ - Applied Discovery Tammi Coulter, Senior Marketing Manager, 425-467-3035 Tammi.Coulter@AppliedDiscovery.com Applied Discovery(R), a division of LexisNexis(R) and a leader in comprehensive electronic discovery products and services, today announced the formation of a Financial Crisis Response Team that is poised for rapid mobilization to work with corporations and their outside counsel in response to investigations and other legal actions stemming from the current financial crisis. The team is comprised of deeply knowledgeable specialists in the legal intricacies of e-discovery and corporate financial matters such as fraud investigations, mergers and acquisitions, and bankruptcies. The high-stakes cases that this team will support are often highly complex, typically open-ended, and involve several million documents consisting primarily of email.

Effective response to these

matters requires swift and strategic action. Virginia Henschel, Esq., Applied Discovery Vice President of Industry Relations and the head of the newly formed team stated, "At the urging of our clients and in response to the ongoing global financial crisis, we have assembled our most conversant authorities into a single rapid-response group. Armed with their familiarity in the discovery issues inherent in investigations, the team helps clients effectively negotiate with the government, quickly collect data, and manage the document review process in order to meet the aggressive deadlines involved with these types of matters."

Conducting the discovery of the staggering volume of documents involved in these cases requires high-performance systems with massive amounts of available capacity, and highly specialized data security requirements. Applied Discovery continually upgrades its systems as a matter of course--most recently with an investment of more than $10 million in its hosting center over the last 12 months.

Since 1998, Applied Discovery has worked on thousands of discovery matters, more than 600 of which have been related to financial institutions or government investigations. The collective experience of the Financial Crisis Response Team helps clients anticipate the unique challenges of these matters primarily in the following three areas:

-- Negotiation with Government Agencies: E-discovery consultants familiar with government investigations are available to participate throughout the meet and confer process and provide guidance on critical issues including negotiating keyword search terms and production schedules.

-- Rapid Collection of Data for Review: Data collection and forensics engineers experienced in financial matters and complex government investigations are distributed throughout the country and available for deployment around the world on short notice. Applied Discovery is Safe Harbor certified by the U.S. Department of Commerce.

-- Efficiently Manage Document Review: Skilled project managers who provide time-tested experience with large, complex matters ensure that all negotiated guidelines, terms and deadlines are managed and data is produced quickly and accurately.

The global financial situation has led to legal investigations for many corporations caught up in the market chaos. Henschel, who has responded to government investigations in the past as Assistant General Counsel at a Fortune 1000(R) corporation, adds this caution: "If I could advise one immediate action for corporate legal departments dealing with these matters it would be to reiterate to staff that content of their email--which tends to become increasingly inflammatory during times of crisis--can have serious ramifications to the business."

About Applied Discovery

Applied Discovery is a leading provider of comprehensive electronic discovery services to the legal industry. Its patent-pending technology displays virtually any electronic document in a fully searchable and secure file without compromising the integrity of the original file format. Applied Discovery is based in Seattle, with East Coast headquarters in New York City and regional offices in Washington, D.C., Chicago, Dallas, Houston, San Francisco, and Los Angeles. LexisNexis acquired Applied Discovery in July 2003. More information can be found at www.applieddiscovery.com.

LexisNexis(R) (www.lexisnexis.com) is a leading provider of information and services solutions, including its flagship Web-based Lexis(R) and Nexis(R) research services, to a wide range of professionals in the legal, risk management, corporate, government, law enforcement, accounting, and academic markets. A member of Reed Elsevier Group plc (NYSE: ENL; NYSE: RUK) (www.reedelsevier.com), the company does business in 100 countries and has 13,000 employees worldwide.

Company Assembles Experts in Response to Financial Industry
Turmoil