And it’s more big news for Reed Smith, which has announced the launch of GravityStack, a US subsidiary to house the solutions and products it already licenses out as well as provide legal technology and systems “counselling” and managed solutions.
Reed Smith says GravityStack offers a suite of proven solutions and products available for commercial license, including some tools already on the market – such as “Periscope,” the firm’s homegrown KPI Metrics platform. The intention is for GravityStack to provide solutions to in-house legal departments, corporate innovation teams, Legal Process Outsourcing (LPO) providers, and law firms.
“GravityStack is the next stage of evolution for Reed Smith’s in-house legal technology team, which has always been an innovator in the legal industry,” said Reed Smith global managing partner Sandy Thomas. “After years of successfully leveraging technology to better serve our clients, we are excited to see what new innovations GravityStack will deliver.”
“We want to connect people, data, and technology so well that they solve legal challenges more intelligently,” said Bryon Bratcher, managing director of GravityStack. “Our goal is to harness the power of data and human expertise so we can put the best answers and products at the disposal of our clients.”
Here is Reed Smith’s summary of how GravityStack delivers collective intelligence in law focused on four main areas:
Legal Technology and Systems Counseling – GravityStack works with In house law departments and law firms to select, convert, design, and implement key legal technologies.
Managed Legal Technology Systems – GravityStack offers managed legal technology solutions to improve operational efficiency and reduce costs and risk for litigation, transactions, and regulatory and compliance matters.
Structured and Unstructured Data Solutions – GravityStack combines client data with human intelligence and AI to tell a more meaningful, impactful story about their business. Services include database mapping and integration, database analysis and reporting, legal text analysis, information retrieval solutions, custom dashboard creation, and custom NLP/ML solutions and dialogue systems.
Technology Product Development and Deployment – GravityStack will incubate, test, and implement new tools that enable law firms and corporate legal departments to work smarter and achieve better results. GravityStack’s expanding complement of collective intelligence solutions available for commercial license includes new litigation and transactions technology products, and custom Web and Mobile applications.
Periscope – GravityStack’s powerful suite of products includes “Periscope,” an award-winning Legal KPI Metrics platform. Incubated and tested in conjunction with Reed Smith and external clients, Periscope streamlines, and brings transparency to, the e-discovery lifecycle. Periscope harvests and integrates data from Relativity and other key financial, data processing, and project management systems. Using actionable metrics, it can organize and present data on a matter-level, or on an enterprise wide “big data” scale using flexible, modular, charts and grids. The platform allows clients to have real-time views of costs, productivity, and quality of document reviews. It also facilitates matching the most effective reviewers for each particular project and provides customizable reports, big picture or granular, all tailored solutions to a client’s needs.