Legal technology has always been largely need driven, whether that need be meeting client demands for cost cutting or keeping up with the increasing amounts of data litigators are now charged with culling through in complex litigation. With the bump in high-profile cyberattacks like this week’s Petya attack and the WannaCry hacks earlier this year, regulatory compliance and digital security are becoming a much more difficult for organizations to address.
Perhaps tapping into these needs, business forensics group K2 Intelligence this week launched a new in-house technology lab, AgileTechnologies, to build customized regulatory compliance and cybersecurity investigation technology for the firm’s clients.
The technology lab plans to make use of developments in artificial intelligence and machine learning, analytics, anti-money laundering (AML) transaction monitoring and lookback regulatory compliance and investigative tools to build out tailored toolkits for different business and litigation needs.
Bob Brenner, chief operating officer at K2 Intelligence, explained that the growth of the firm’s developer staff has allowed them to build some of their own technology. “As we’ve grown, and added in-house technology experts—software developers, data specialists, business process experts, and system engineers—we have built the capability to go beyond what is available on the market to customize solutions,” he said.
Brenner explained that many organizations have expressed frustration with using off-the-shelf technology to stay compliant in an increasingly regulatory ecosystem, or for responding to data breaches or government investigations.
“Clients come to us to manage or prevent the most difficult, complex, and threatening challenges. Sometimes these are nightmare scenarios. They are not coming to us for off-the-shelf solutions, which can be expensive and might not achieve the results they need,” Brenner said. “To satisfy specific government requests, customization is required.”
K2’s AgileTechnologies may indicate that the managed services model that has gained enormous traction in the e-discovery market may be making its way into the regulatory and compliance sphere, and perhaps even in the cybersecurity space. Brenner noted that the strength of the firm’s in-house technology lab is that it unites technology production with the firm’s specific business investigation consultants, much like the pairing of technology and consultants that large e-discovery vendors favor these days.
“The close relationship between our technology team and our practitioners means that our technology not only addresses our clients’ current needs but adds value to their operations,” Brenner said. “We are able to incorporate into our technology builds regulatory information, client demands, and a technology team that is steeped with knowledge because they are at the same table as the practitioners, and fully integrated with them.”
While the new lab will be able to build some of its own tools, Brenner said that development isn’t necessarily the answer for every problem or every client. “It is about leveraging technology to use it better,” he noted. “We are familiar with the options open in the market—and certainly can recommend software to our clients that is readily available.”
“We want the needs of the client and the creativity of the team to drive the solution, rather than having the solution be limited by the tools available. Where there is a tool available that fits we will use it,” Brenner said.