“iDiscovery”
Praescient successfully leveraged its expertise in data analytics in support of government and commercial clients to provide intelligent discovery against a range of complex big data legal challenges. Utilizing Praescient’s tools and techniques to interrogate large volumes of structured, unstructured, and anonymized data; Praescient’s analysts identify correlations, patterns, and trends – uncovering non-obvious connections and granting insight that would have otherwise remained hidden. Praescient delivers this actionable intelligence in a highly engaging format through the use of intuitive graphics and comprehensive reports.
Source: “Huron Legal Survey Finds Majority of Legal Technology Professionals Expect Investment in Legal Data Analytics to Increase in Next Two Years,” March 9, 2015
A 2015 study by The Huron Consulting Group found that over 60% of legal technology professionals believe that the legal industry is underutilizing available data analytic technologies. Praescient assists attorneys to close the gap in this increasingly important aspect of intelligent discovery. Highlighted below, are several examples of our experience delivering intelligent discovery through data analytics driven solutions for the legal industry. To learn more about our legal analytics offerings, contact info@praescientanalytics.com or call 703-739-2110.
Corporate Leaks & Misappropriation of Proprietary Data
In the video demonstration below, Praescient analysts use an advanced analytical platform and open source social media analysis to discover the source of a corporate leak of a sensitive internal report. An Analysis as a Service (A3S) team member ingested massive amounts of phone logs and email data and then applied intelligent analytics software tools to narrow their search. By investigating non-obvious social connections between corporate employees and external members of the media, Praescient’s analyst was able to provide strong circumstantial evidence of the identity of the leaker for an investigation into the release of confidential corporate information.
Watch the Corporate Leak Demo
Anti-money Laundering
Praescient provided analytical support to investigate suspected money laundering by collecting and corroborating open source data with hundreds of thousands of transactions, revealing the extent of the money laundering and identifying malicious actors, permitting the company to proceed against those entities and persons to recover defaulted funds valued at over $1 billion. Additionally, Praescient leveraged its technical expertise to better understand the overall quality and significance of subpoenaed data, directly influencing the client’s legal strategy.
Read the Anti-money Laundering Case Study to learn more about Praescient’s work in this space
Contract Fraud
Praescient analysts examined financial corruption in a large organization’s acquisition lifecycle. Analysts tracked over 1,000 contracts, resulting in the discovery of 17 inappropriately modified contracts which amounted to over $2 million. Analysts further examined this subset and found that several contracted companies had continued to be paid even after work was complete and had failed to return these overpayments. Praescient’s analysts assisted in identifying potential contract/transaction fraud which can be leveraged for FCA and FCPA investigations and litigation matters.
For more information see: Examining FEMA’s Acquisition Lifecycle
Praescient’s analysts tracked out of date contracts associated with the FEMA recovery efforts after Hurricane Katrina. Combining many sets of data allows an analyst to see where money is being sunk into non-existent projects.
Fraud Detection
Praescient provided engineering and analysis support to a major investigative firm in New York City. Praescient’s engineers integrated structured and unstructured and analysts worked closely with the customer to find anomalies in the integrated data by adding an additional layer of investigative expertise – through expert analytic platform knowledge and advanced analytic methodology – contributing to the overall investigative success of the client.
See three examples of similar workflows in the Combating Fraud Case Study
Public Corruption
Praescient provided sophisticated data modeling, ingestion, and analysis in support of an investigation into allegations of political corruption, including a thorough analysis of the financial documents (donations, outside income, etc.) associated with politicians and elections. Praescient analysts and engineers modeled, ingested, and analyzed campaign finance, election, and employment data from public officials investigating corruption in state politics. Praescient provided data consulting and analysis for hundreds of thousands of records covering both state and local elected officials. Using advanced software platforms and the latest analytic techniques, Praescient was able to uncover specific and quantifiable connections between donors, committee assignments, campaign officials, and media firms from across the East Coast.
White Collar Litigation Support
Praescient analysts worked alongside a leading investigative/e-discovery consultancy to provide crucial insight for a litigator seeking to recover significant amounts of money for investors defrauded in a high-profile Ponzi scheme. Praescient’s analysts used advanced data integration techniques to ingest and then analyze the phone and email records of the financial services firm. The analysts augmented these efforts by incorporating open source reporting pertaining to key players who were named in the press. The analysts correlated employees’ names with the office space seating chart and then transposed that onto the phone records associated with the building floors — discovering important physical, social, and logical connections between key individuals. The findings supported the theory of the case – demonstrating a connection between the financial services firm responsible for the scheme and the sports team, confirming that the sports team knowingly participated in unsafe and unrealistically inflated investment opportunities. Praescient’s analysis supported the litigator’s case, eventually leading to a settlement for the defrauded stakeholders of more than $160 million.
Download the full Anti-corruption Case Study to find out about how Praescient’s intelligent litigation support can assist in fraud litigation