www.huronconsultinggroup.com - Huron Consulting Group Jennifer Frost Hennagir 312- 880-3260 jfrost-hennagir@huronconsultinggroup.com Huron Consulting Group (NASDAQ: HURN), a leading provider of financial and operational consulting services, today announced the launch of the Company's litigation support initiative V3locity™, an unprecedented predictable fixed per page priced e-discovery service involving processing, hosting, review and production. V3locity (pronounced "velocity") will save  clients up to 60 percent in cost compared to similar e-discovery services.

"For law firms and general counsels, e-discovery has become a trying and inefficient process. They are facing costs that are spiraling out of control, dealing with multiple vendors and waiting months before seeing any results," said Gary E. Holdren, chairman and chief executive officer, Huron Consulting Group. "Our new V3locity solution offers our clients a different approach based on cost savings, increased accuracy, and overall service delivered with high speed results. V3locity gives our clients a competitive advantage in litigation matters, investigations and second request/regulatory reviews."

Electronic document discovery has become one of the single largest components of litigation, with the review portion accounting for up to 80 percent of the $3 billion a year e-discovery marketplace. Huron developed V3locity in response to market demand for cost efficiency and predictability, offering a pricing model based only on the number of pages actually subject to review with no separate hourly charges for processing, hosting or production. Huron's V3locity model distinguishes itself from others with a combined services approach at significantly reduced cost with measurable results for clients.

"Huron's Legal Consulting business has experienced tremendous growth," said Shahzad Bashir, vice president and practice leader for Huron Consulting Group's Legal Consulting practice. "Huron's growth has been largely fueled by our ability to act as the trusted business advisor to the Office of the General Counsel and their law firms. With V3locity, we are able to offer yet another market-driven, client centered solution which will revolutionize e-discovery services in large scale litigation or corporate document review situations."

V3LOCITY

With V3locity, Huron offers law firms, corporate legal departments and government agencies a streamlined approach that combines cost savings, high speed, innovative technology and 600 on-demand experts working from six Document Review Centers around the country and in India.

COST SAVINGS - up to 60 percent compared to similar e-discovery services

V3locity is a radically different option guaranteeing streamlined support for every step of the process with up to 99 percent accuracy and savings of up to 60 percent. Unlike other firms or services that charge per hour or cost in excess of $2.00 per page, V3locity offers a predictable low cost per page fee with no other charges for processing, hosting or production.

"We are able to offer clients unmatched value, not just in cost savings but in overall service and accuracy because we have designed a system that tackles every aspect of e-discovery," said Robert D. Rowe, managing director, Huron Consulting Group. "In contrast to our competitors, we guarantee our work and offer it at a fraction of the cost."

NEW TECHNOLOGY - meaning-based computing goes far beyond keyword searching

A major component in the development of V3locity was the implementation of some of the most sophisticated search technology available, which incorporates meaning-based computing that actually comprehends the content of electronic documents. The technology understands and identifies the document's content and finds related documents - even if they contain different wording. This allows for work with documents in virtually any language because the "meaning" is defined by the statistical similarity of text within documents.

"This technology allows Huron to take the computerized aspect of our review service far beyond the keyword searching currently available in the industry," said James D. Zinn, managing director, Huron Consulting Group. "Our experts are delivering incredibly comprehensive results in a fraction of the time for our clients."