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Bear Stearns Chooses Clearwell

SANTA CLARA, Calif. -- Clearwell Systems, a leader in Intelligent E-Discovery, today announced Bear Stearns, a leading financial services firm, has deployed the Clearwell Intelligence Platform to streamline and automate legal e-discovery. Clearwell’s market-leading processing, analysis, cull-down and review capabilities enable users to dramatically reduce processing and review costs, and accelerate early case analysis.

Industry research indicates that 80-90 percent of the electronic data collected for a case is non-relevant to the case. Yet, companies continue to send the entire dataset to service providers for processing at an average cost of $1,800 per gigabyte. The same dataset is also sent to outside counsel for review and analysis at an average cost of $250 per hour. The process takes weeks to complete, significantly delaying the ability to ascertain case facts and develop case strategy. In an effort to significantly reduce these costs and speed up early case assessment, industry leaders like Bear Stearns are choosing Clearwell as an integral part of their legal e-discovery process.

“We chose Clearwell because it offered an effective e-discovery solution,” said Russ Cassar, senior managing director at Bear Stearns. “The Clearwell Intelligence Platform was up and running quickly and its intuitive user interface required very little training.”

Clearwell Systems Inc.