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Global advisory firm FTI Consulting, Inc. (FCN - Analyst Report) recently announced the introduction of an updated version of the Ringtail e-discovery software, which is fortified with an intuitive and visual predictive coding feature that provides users with greater confidence in results. The software was launched by the company’s FTI Technology business segment.

Combining case management and document review in a single platform, Ringtail offers a comprehensive e-discovery solution with powerful data analytics and visual review tools to improve the productivity and efficiency of legal review. In addition, the software has flexible deployment options and market-leading functionality to reduce the overall cost of e-discovery.

The predictive coding feature of Ringtail software facilitates a visual approach of a user manual to train a classifier to code large document sets quickly and defensibly. This includes an intuitive workflow, visual validation of a model's performance, and a projections matrix to examine recall and precision targets.

Other than the predictive coding functionality, Ringtail enables users to analyze data and determine trends, characteristics and the potential cost of review. In addition, it also helps to analyze large document populations faster and collate related information with ease by linking documents to issues, binders, transcripts, saved searches and other objects. The advanced version of Ringtail is likely to be made available on-demand by the end of third quarter 2013.

Based in Baltimore, Md, FTI Consulting provides specialized consulting services across 24 foreign countries with a total headcount of more than 4,000 employees. The company has a team of highly qualified professionals, who provide problem-solving and technology services primarily to major corporations, financial institutions and law firms.

The company's client list comprises a large percentage of the Fortune 500 companies, the FTSE 100 companies, as well as the majority of the largest 25 banks and the top 100 law firms in the world. The company’s five main business segments include Corporate Finance and Restructuring, Forensic and Litigation Consulting, Strategic Communications, Technology, and Economic Consulting.

FTI Consulting presently has a Zacks Rank #3 (Hold). Other players in the industry that are worth mentioning include Corporate Executive Board Co. (CEB - Snapshot Report), Franklin Covey Co. (FC - Snapshot Report), and Huron Consulting Group Inc. (HURN - Snapshot Report), each of which carries a Zacks Rank #2 (Buy).

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