Case Study: Canadian Financial Institution achieves 95% reduction in data to review and nearly $1M savings with Veritas Technologies eDiscovery Platform

Canadian Financial Institution Reduces Volume of Data to Review by 95 Percent and Saves Nearly $1M

A leading Canadian financial institution facing roughly 40% annual growth in unstructured data needed to streamline eDiscovery, reduce discovery costs, and make faster, more informed decisions amid ongoing investigations and regulatory requests. Traditional linear review was inefficient, resource‑constrained and exposing the organization to time and cost risk.

The institution partnered with Commonwealth Legal (a division of RICOH Canada) to deploy the Veritas eDiscovery Platform (Clearwell) as a hosted managed service, leveraging deduplication, advanced filtering and analytics. The solution cut the data needing review by 95%, reduced documents by over 80% through deduplication, limited outside review to about 10% of the original set, and saved nearly $1M on a single case while delivering rapid ROI and scalable, secure managed support.