Lost in all the hype around market consolidation and IPOs is the sad truth that the vast majority of legal technology is destined to end up in the digital dust bin. Thompson Reuters announced the retirement of eDiscovery Point by June 2022. Launched in 2016 and fueled by the CaseLogistix IP/talent TR acquired in 2010, eDiscovery Point never seemed to gain market traction against [...]
Despite the recent drop in share prices ($11.86 down to $2.47), public ASIC investigations, executive departures and now AFP raids, I still believe that last November’s bully Nuix IPO was a signal of the world market’s appetite in legal technology. It would be a shame if the two largest eDiscovery transactions to date both proved to have cooked their books. For those of you [...]
eDiscovery Related Markets My thanks to the peers who took the time to question my belief that the eDiscovery market has always been undervalued or mis-defined in annual market sizing reports. I do not doubt the effort and diligence of analysts, marketing teams and consultants who have aggregated public and best available private revenue numbers from eDiscovery tech and service companies. Instead, [...]
I believe that Silver Lake’s reported $3.6B pre-IPO minority investment in Relativity means that every analyst firm sizing of the core eDiscovery market is and always has been dead wrong. My friend Rob Robinson conveniently publishes an annual eDiscovery Market Size Mashup averaging all the published analyst numbers together. These wise and trained market analyst projections average just $3.76B for 2021 eDiscovery software and $7.63B in services. Really? Maybe [...]
What can a 1,350 global enterprise survey tell us about the evolving composition and location of ESI? Although Araka’s fifth annual survey is focused on WAN and security infrastructure, it contains nuggets with eDiscovery impact. Over 80% of respondents expect more than 25% of workers to remain remote, confirming that the hybrid work environment is here to stay. 46% of respondents have deployed over [...]
The Wayback machine has taken 2,073 snapshots of the CDC’s COVID-19 Business Guidance webpage since it was launched March 6, 2020. Why would it make >11 snapshots per day (74 on August 17th)? This CDC page is the primary national level guidance for businesses that want to reopen safely. The nifty Changes tool (beta screenshot below) shows that page could have changed 2-3 times [...]
Having supported far too many FCPA investigations over the last 30 years, the hardest initial step is untangling the key employees, contractors, agents and foreign players involved in doing business overseas. The TGC article provides a solid checklist for compliance defensibility that many corporate clients would shy away from because of the heavy manual overhead required. Most enterprise content management systems now include categorization/tagging [...]
Over the decades I have worked with the Big Four Accounting firms in a variety of roles. Heck, some folks in the firms used to refer me to their audit clients that needed eDiscovery/IG process and system consulting. The line between auditor, accountant and other professional services was simpler before the firms started buying or building eDiscovery service bureaus. Given the volume based industry [...]