Compliance is one of the beats I cover for WS&T, and in spite of the market conditions, or perhaps precisely because of them, compliance seems to be one area that is positively thriving right now.
In particular, I am being inundated on a daily basis with phone calls and emails from e-discovery vendors.
This is a sector where competition is high and all the vendors I’ve spoken to over the last couple of months expect to see a huge rise in e-discovery requests due to the current financial crisis (eg regulators looking into M&As, wrongdoing, fraud, etc, and wanting to delve into companies’ electronic records).
In the last week alone, at least 2 or 3 e-discovery/compliance vendors have contacted me on a daily basis.
Tata Consultancy Services, who came to our Manhattan offices today to brief us on industry trends, also highlighted just how hot an issue compliance has become.
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Source: wallstreetandtech.com
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