New York, NY – Epiq, a leading technology-enabled provider for the legal industry and corporations, unveiled the Epiq Facilitator™, a state-of-the-art application designed to streamline information retrieval, legal analysis, and the management of voluntary remediation, claims, and regulatory settlements. The Epiq Facilitator™ caters to clients’ needs by providing instant access to case information through a secure web-based dashboard.
Epiq’s advanced technology and data validation processes offer clients transparency and efficiency in large-scale settlement administration and management tasks. The company plans to invest further in technology improvements in 2024 to enhance functionality and workflow ease.
David Garcia, Vice President overseeing settlement administration and lien resolution work in Epiq’s mass tort business unit, stated that the Epiq Facilitator™ can be customized to meet specific needs. The web portal enables multiple parties to collaborate and provides a full audit trail for retrieving information, managing legal analysis, and administering voluntary remediation, claims, and regulatory settlements.
The Epiq Facilitator™ serves as an ideal software platform for centralized fact sheet collection and settlement administration support. It enables users to upload claims, review supporting documentation, allocate awards, resolve liens, and make payments. The platform also offers distinct roles and workflows for various stakeholders, including law firms, steering committees, arbitrators, and consultants.
Epiq, a leading global claims administrator since 1993, reaffirms its position as the market leader in the mass tort settlement and lien resolution market. The company has overseen some of history’s largest and most extensive settlements in product liability, personal injury, and malfunctioning medical devices. Garcia emphasized Epiq’s ability to handle mass tort lien matters efficiently and with compassion and discretion.
Recent data from the ISS SCAS report revealed that Epiq is the most frequently chosen claims administrator, having administered 53 percent of claims in the Top 100 U.S. Class Action Settlements of All Time. This is significantly higher than the closest competitor, who completed only 23 percent of the claims. In total, Epiq managed settlements amounting to $36.2 billion, surpassing the next closest claims administrator by over $15 billion.
Epiq is a global leader in technology-enabled services for the legal industry and corporations. With a focus on streamlining business operations, class actions, court reporting, eDiscovery, regulatory compliance, and bankruptcy matters, Epiq provides efficiency, clarity, and confidence to its clients worldwide.
For more information, visit www.epiqglobal.com.
Press Contact:
Carrie Trent
Epiq, Director of Communications and Public Relations
[email protected]