FTI Launches Document Lifecycle Tool - IQ.AI for Review

FTI Consulting, Inc. (NYSE: FCN) announced that its Technology segment has launched new capabilities within IQ.AI by FTI Technology, a suite of artificial intelligence solutions that address client issues in investigations, antitrust, data breaches, and other critical legal and regulatory matters. To address all aspects of document review, these new capabilities include IQ.AI for Review, which provides cost savings and accelerated timelines across the document review lifecycle, including first-pass review, quality control, privilege, and the presentation of key findings. 

FTI Technology has deployed IQ.AI for Review for clients worldwide across numerous projects, including cross-border litigation, investigations, antitrust reviews, and data breach response. With this offering, FTI Technology’s experts unlock faster and more insightful first-level review workflows than other AI-based review solutions. IQ.AI for Review provides powerful results, particularly when applied to challenging document formats, multilingual content, multimedia files and other materials that traditionally require manual review.
 
The new capabilities can optimise privilege classification, create first drafts of privilege logs, perform quality checks, and identify challenging data types and personally identifiable information. AI-generated key document summaries, chronologies and timelines also quickly establish context for hot documents. This holistic approach reduces review time and costs, empowering legal teams to uncover critical insights that traditional methods miss, thereby transforming the most time-consuming phase of litigation and investigations into a strategic advantage. 

In addition to the launch of IQ.AI for Review, new IQ.AI updates include:

• IQ.AI for Emerging Data Sources: Enhances contextualisation and summarisation of chat threads, conversations, images such as GIFs and emojis, audio clips, uncommon data types and disparate messages across a variety of cloud applications and collaboration tools through integration with Connect and Universal Messaging Platform, FTI Technology’s proprietary emerging data sources technology. Experts in emerging data sources and digital forensics investigators can also leverage generative AI to summarise and enrich metadata and discover key facts. These capabilities support efficient data processing in a closed environment to mitigate risk, reduce data sets, reveal relevant information quickly and report on initial findings.
• IQ.AI for Enrichment: Leveraging optical character recognition, computer vision technologies, and a range of large language models, it automates the review of materials that traditionally require manual review. This includes accurately translating and extracting insights from multilingual documents, as well as processing handwritten notes, forms, images, audio recordings, transcriptions, and other complex data, all within a unified workflow. 
• IQ.AI for Contracts: Delivers methodologies for leveraging AI in contract review and analysis to efficiently query large contract populations, identifying risks or business opportunities hidden within agreements. FTI Technology’s contract experts leverage a combination of generative AI, machine learning, and analytics capabilities, combined with customised workflows, to extract key data points and support clients’ challenges across industries, contract types, and use cases. 

“IQ.AI for Review provides an extensive suite of AI capabilities across the document review lifecycle, including first-pass review and extending to privilege identification, quality control, and solving complex data challenges,” said Sophie Ross, Global Chief Executive Officer of FTI Technology. “In expanding our IQ.AI framework to address document review end-to-end, we’re providing clients with impactful, tested, logical uses of generative AI to enrich their understanding of critical matters and reduce the burden of uncovering information within large document populations. These expanded AI capabilities are a testament to our innovation team’s rapid response to client needs and represent our continued investment in delivering expert-led, reliable, defensible, AI-powered solutions that can be applied holistically or to targeted challenges.” 

About FTI Consulting

FTI Consulting, Inc. is a leading global expert firm for organisations facing crisis and transformation. They work closely with clients to anticipate, illuminate, and overcome complex business challenges, maximising opportunities.