eDiscovery expenditures on the rise at law firms
| Topic : eDiscovery
A new survey found that eDiscovery expenditures increased in the year 2011 and are likely to continue rising in the near future.
Conducted by an independent research firm at the behest of Robert Half Legal eDiscovery Services, the survey included 350 attorneys from major law firms and corporations in both the U.S. and Canada. It found that 23 percent of respondents said that their firm or company's eDiscovery expenditures rose last year, with virtually all of the remainder (71 percent) remaining 71 percent indicating that these costs remained steady from the year prior. Only 2 percent indicated that spending had decreased in this area.
Additionally, 33 percent of respondents expect that eDiscovery-related spending will increase in the next two years, while only 4 percent believe such expenditures will decrease for their firms.
To explain this trend, a recent Forbes article highlighted several primary causes. For one, numerous eDiscovery systems and service-providers are now available, making the managing of eDiscovery-related processes significantly easier and cheaper. Additionally, there is an emerging consensus among companies that they must accept responsibility for discovery obligations.
The Forbes article goes on to argue that these developments should serve as a wake-up call to companies who have yet to take steps to improve their eDiscovery preparedness. Specifically, it recommends that businesses begin to utilize tools and services which can make the collection and storage of data more efficient. Forbes also recommends that companies take steps to incorporate practices that quicken the legal review process, reducing eDiscovery costs in the event of litigation.
However, it should be noted that it is not just businesses that should look into improving their eDiscovery preparation. In addition to information relating to eDiscovery costs, the Robert Half report also found that 12 percent of surveyed attorneys had experienced negative effects on a case or ruling due to problems or issues collecting or reviewing electronically stored data.