Case Study: a Fortune 20 global financial services company reduces review volume by 75% with Consilio's statistical search term optimization

a fortune 20 global financial services company reduces review volume by 75% with Consilio

The customer, a fortune 20 global financial services company, faced high costs from reviewing a large volume of irrelevant documents collected for a matter. Their challenges included inefficient culling of over 5 million documents with low richness of relevant material and the risk of exposing sensitive data. Consilio's technology and consulting services were engaged to address these issues.

Consilio implemented a statistical search term optimization process to defensibly reduce the document set. This solution, supported by a highly secure review environment, successfully reduced the volume requiring human review by 75%. The project achieved $660,000 in savings from an $18,000 investment, improved precision by over 50%, and maintained a high recall rate.