Lawyers deal with a lot of paperwork, but the industry has been slow to adopt technology that can help them manage the data flow. Legal tech startup Modus just announced it has raised $10 million in funding to continue expansion of its successful eDiscovery service.
Lawyers are “getting crushed” by massive (and ballooning) amounts of data volumes. It takes time, effort, and resources to find relevant materials, and those costs add up fast. Modus has built enterprise-grade technology that processes and hosts hundreds of terabytes of data from large corporations and law firms. Modus works with legal professionals on a fixed-fee basis to help them discover the information they need.
“Disovery” is a legal term for the pre-trial phase of litigation where plaintiffs and defendants exchange information and evidence. This can include admissions, depositions, documents, and answers to questioning. For big cases, this requires providing massive amounts of data, as well as lengthy depositions.
The digital era has changed the way information is collected and shared. Ninety percent of the world’s data has been created in the past two years, and with it, advancements in the technology to deal with it. Modus brings these advancements to bear for lawsuits. Clients consult with Modus for strategic and project advice to predict and control costs, access one system for review (rather than transferring data between systems), collecting and processing electronic files, and reporting.
Founder and CEO Abtin Buergari previously worked as a legal assistant at a Washington DC law firm and served as a liaison with the eDiscovery department. He saw major problems in the way eDiscovery worked– the firm and vendors still racked up huge bills — and built Modus to be a more transparent, efficient, client-focused model through a fixed-fee business model.
Harbert Management Corporation and Azalea Capital led this round, with participation from Buergari. Modus is based in Washington DC. It was founded in 2008.
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