Survey: Law Firms Are at E-Discovery 'Watershed'

Law firms will either embrace e-discovery services altogether or collaborate with vendors for client services.

, Law Technology News

   | 5 Comments

Law firms will either embrace e-discovery services altogether or collaborate with vendors for client services.

What's being said

  • "Corporate clients... are demanding more transparency and cost reductions from outside counsel, along with taking more e-discovery roles in-house."

    Just taking e-discovery in house is a great step, but only half way to the real solution. Corporations need to gain visibility and control over their data *in place*, before litigation is even on the horizon. By doing so, and by leveraging technology to automate record retention policies, you greatly reduce the volume of discoverable data proactively. Having the capabilities to do this on enterprise data in place also means that when litigation arises, all the culling and targeting of relevant data can be done easily, seamlessly, and at no cost, before outside counsel even receives the collection, which eliminates huge expenses. This is one of the major advantages to the legal department that arises from effective information governance.

  • Chris Janak

    Smart law firms should see that their core business is improved by using effective document culling and review tools. Focusing review on the most relevant data and documents makes far better use of expertise and experience than rote review of millions of irrelevant documents. Effective data culling allows attorneys to focus on delivering high level services rather than simple mass document review.

  • Chris Janak

    Communication is the key to eDiscovery vendor management. Law firms need to be prepared to ask probing questions and insist on straight answers.

    http://realediscovery.blogspot.com/2014/07/5-questions-you-should-be-asking-your.html

  • Chris Janak

    Communication is the key to eDiscovery vendor management. Law firms need to ask probing questions of their eDiscovery vendors and insist on straight answers.

    http://realediscovery.blogspot.com/2014/07/5-questions-you-should-be-asking-your.html

  • Adopting more modern legal technology can definitely help law firm profitability. Here‘s one example:

    Modern tools are likely better equipped to work in a mobile environment (i.e. iPhones, iPads, etc.). And they usually work in the browser, so lawyers using Macs at home can now access their legal tech tools without Windows and VPN connections.

    What this does for profitability is increase the time available to do work while away from the office. How much? That depends. But assume 1 hour captured/day/attorney. At $400/hour, that‘s $104,000 in additional revenue/attorney. For a 100 attorney firm, that‘s ~$10M added/year.

    So yes, adopting modern tech within the law firm can lead to increased profitability. But of course, your results will vary, so be sure to capture the data and prove the investment is worthwhile.

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