Electronic discovery is moving to the cloud. This is hardly surprising when one considers the client-focused benefits of cloud computing and the extraordinary market opportunities for vendors.
Let’s look at the numbers. The market for electronic discovery continues to grow with some estimates indicating aggregate software and services revenue growth from over $3 billion in 2010 to in excess of $6 billion by the end of 2013. Within this quickly emerging and expanding market, there is a pronounced increase in the acceptance and availability of cloud based electronic discovery offerings. For the two dozen or so leading vendors in this market, the opportunity is staggering.
In order to put this shift into perspective, I caught up with Bret Laughlin, the Founder and CEO of Orange Legal Technologies. Laughlin began his career in the litigation support market in 1995, when he founded a scanning and coding company. Ten years later, the trend toward electronic discovery was evident to him and other vendors taking the lead.
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Source: blogs.forbes.com
By: Ben Kerschberg
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