In these still questionable economic times, most legal departments are still looking for ways to reduce, or at least stop the growth, of their legal budgets. One of the most obvious targets for cost reduction in any legal department is the cost of responding to eDiscovery including the cost of finding all potentially responsive ESI, culling it down and then having in-house or external attorneys review it for relevance and privilege. Per a CGOC survey, the average GC spends approximately $3 million per discovery to gather and prepare information for opposing counsel in litigation.
Most organizations are looking for ways to reduce these growing costs of eDiscovery. The top four cost reduction strategies legal departments are considering are:
• Bring more evidence analysis and do more ESI processing internally
• Keep more of the review of ESI in house rather that utilize outside law firms
• Look at off-shore review
• Pressure external law firms for lower rates
I don’t believe these strategies address the real problem, the huge and growing amount of ESI.
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Source: informationgovernance101.com
By: Bill Tolson
1 comment:
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