DiscoverReady Expands Financial Services Practice Group to Address Legal Activity...

DiscoverReady Expands Financial Services Practice Group to Address Legal Activity Surge

Document Review Experts Staff Up to Handle Increased
Litigation/Regulatory Activity at Financial Institutions
NEW YORK--(Business Wire)--
Recent subprime mortgage and auction rate security fallout has
intensified legal activity at financial institutions, resulting from
private investor litigation and increased regulatory investigations.
Simultaneously, financial institutions are under enormous pressure to
reduce costs, as earnings suffer and jobs/resources are severely cut
or eliminated.

Responding to corporate counsel's escalating work volume and
cost-cutting priorities, New York-based DiscoverReady LLC
(www.DiscoverReady.com), which outsources document review for Fortune
500 corporate counsel, is expanding its financial services practice
group.

DiscoverReady President Steve Harber says, "Today's financial
institutions face a growing burden to produce enormous amounts of
email for matters making headline news. Therefore, DiscoverReady is
augmenting its financial services team to better assist corporate
counsel in cutting costs and managing their review process."

DiscoverReady develops unique project management, quality control
and technology systems to cut document review costs by up to 75% for
corporate clients. Rather than charging an hourly rate for reviews
like law firms do, DiscoverReady charges a fixed price per document.
This model reduces cost, speeds turnaround time, and allows
corporations to accurately set budgets while improving quality.

In early June 2008, DiscoverReady hired former Merrill Lynch
Counsel and VP Amy Hinzmann as its new VP of Discovery Strategy.
Hinzmann will spearhead the company's further expansion into the
financial services market. Her understanding of complex financial
products and current regulatory climate enable her to expertly advise
DiscoverReady's financial clients.

Hinzmann explains, "Financial institutions need to cut costs.
Also, they are shouldering increasing volumes of litigation and
regulatory matters. DiscoverReady's approach to document review is
significantly more efficient and less expensive than projects led by
law firms or staffing agencies. I will assist financial clients by
implementing DiscoverReady's approach to achieve cost control and
defensibility, and will seek long-term solutions to discovery issues
plaguing the industry.

About DiscoverReady LLC

DiscoverReady is a professional services company focused
exclusively on streamlining the document review process and reducing
discovery costs. DiscoverReady provides law firms and legal
departments with effective Discovery Management solutions delivered by
highly skilled professional resources. Founded in 2005, DiscoverReady
is headquartered in NYC. Call 212-699-3965 or visit
www.DiscoverReady.com.

Burke & Company LLC
Christy Burke, 917-623-5096
cburke@burke-company.com

Copyright Business Wire 2008