Zapproved Guide: Analyzing the True Cost of Ediscovery
Author: Zapproved
…when you manage more of your ediscovery yourself, you’ll need to increase your budget for in-house spending so you can develop your own capabilities. The good news is that ediscovery investments are almost always worth it. According to Altman Weil’s 2018 Chief Legal Officer Survey, ediscovery investments met or exceeded expectations for a remarkable 94.2 percent of respondents…
…ACCORDING TO THE RAND INSTITUTE FOR CIVIL JUSTICE, IT COSTS $18,000 TO MANAGE ONE GIGABYTE OF DATA THROUGH REVIEW…
…Our research has shown that automating legal holds can help companies avoid one potential spoliation sanction per year, representing a massive potential savings…
…FedEx estimated that it would spend $28,907 searching 193 gigabytes of email data along with $2,891…
…Streamline and codify your ediscovery processes and train your designated ediscovery team to ensure compliance…
…Automate your legal holds to save time and reduce the risk of expensive spoliation sanctions…
I try to read provider marketing papers when they are not hidden behind the contact collection wall, especially when they promise lists of cost saving tips. In this case, the list of ten tips seems to boil down to in-sourcing your ediscovery and buy Zapproved’s products. The overall principals behind the ‘tips’ are sound if rather obvious. Unfortunately, my PDF copy was missing all the hyperlinks to check the numerous citations. However, the RAND paper cost calculation is from 2012 and I remember criticizing their methodology when it was first published. The surveys and FedEx citation are from 2018. The eDiscovery market pricing, technologies and consumption models change fast. Faster than marketing writers apparently. I am calling this paper out as a great example of ‘polished marketing fluff and murky best practices’. Not surprised that the eDiscovery rumor mill says that Zapproved is looking for a buyer. Unsubstantiated rumors are not worth much, but in this age of eDiscovery consolidation the rule is grow fast, make acquisitions, be acquired or fade away.