Fios Inc., a provider of electronic discovery and discovery management services, has created a litigation readiness benchmarking and assessment service for the electronic discovery market. This new service addresses the needs of Corporate Legal Departments (CLDs) to manage, risk, and install management controls for electronic discovery. Fios' Litigation Readiness (LR) Assessment enables the general counsel (GC) to determine its company's level of readiness to respond to discovery for litigation, compliance, or investigations that involve large volumes of electronic documents.
Fios LR Assessment is modeled after the framework, developed by the Carnegie-Mellon University Software Engineering Institute, called the Capability Maturity Model for Software (SW-CMM). Fios has created a similar model for the GC. The Fios LR Assessment is designed to enable the GC to rate its litigation response practices on a scale of 1-5 and allows an organization to benchmark its practices in three ways: the GC can measure its practices against a proven model and identify gaps in their existing processes; as the database of assessments grows the organization can benchmark itself against a group of its peers on an ongoing basis; and as the organization makes progress on closing the gaps identified, an annual "refresher" assessment can determine progress relative to the initial (baseline) assessment. Fios LR Assessment is priced at $5,000. The assessment begins with a web-based survey. The Fios DMS team then analyzes the responses and delivers a written report within 10 business days of the survey's completion. The results serve as the baseline for process improvement and as a vehicle for prioritizing areas of greatest need in discovery response. Annual subscriptions for "refresher" assessments that enable CLDs to track progress are available at $500 per year.