Based on the complexity of data and legal discovery, it is a continual challenge to fully understand what is representative of industry-standard pricing for the delivery of eDiscovery products and services. With this challenge in mind, the semi-annual eDiscovery Pricing Survey is designed to provide insight into eDiscovery pricing through the lens of 12 specific pricing questions answered by legal, business, and information technology professionals operating in the eDiscovery ecosystem. The winter 2022 survey was open from November 17, 2021, until November 27, 2021, and had 63 respondents share their understanding of current pricing for selected eDiscovery services.
From worldwide eDiscovery market sizing and discovery intelligence to cybersecurity playbooks and landscapes, the November 2021 edition of the Five Great Reads on Cyber, Data, and Legal Discovery newsletter provides a selection of recent research, reports, and articles to update and inform cybersecurity, information governance, and eDiscovery professionals on cyber, data, and legal discovery.
On Tuesday, November 23, 2021, KLDiscovery took a strong step toward building on the strengths of its existing business and strategy through its filing for an IPO with the Securities and Exchange Commission. According to the filing, the company is focused on continuing to enhance its proprietary solutions, expanding its ecosystem, and extending its reach to capitalize on its large and growing market opportunity.
According to one of the foremost non-profit think tanks on tax policy, the Tax Foundation, the variety of approaches to taxation among Organisation for Economic Co-operation and Development (OECD) countries creates a need to evaluate these systems relative to each other. For that purpose, the Tax Foundation developed the International Tax Competitiveness Index—a relative comparison of OECD countries’ tax systems with respect to competitiveness and neutrality.
Nuix, a leading provider of investigative analytics and intelligence software, with the vision of “finding truth in a digital world”, highlights its 2021 Annual Report in an October 29, 2021 announcement and shares a notification of a class action claim against the company on November 22, 2021.
From market retraction in 2020 to resurgence in 2021, the worldwide market for eDiscovery software and services is estimated to grow from $13.1B in 2021 to $18.89B in 2026 with a compound annual growth rate (CAGR) of 7.6% according to ComplexDiscovery’s annual market size mashup. This growth is spearheaded by eDiscovery software spending which is estimated to grow at a CAGR of 10.7% to $7.18B in 2026. Making up the majority of the market spending in dollars, eDiscovery services spending is expected to grow at a CAGR of 5.93% to $11.71B in 2026.
According to the NCSC Annual Review, China remained a highly sophisticated actor in cyberspace with increasing ambition to project its influence beyond its borders and a proven interest in the UK’s commercial secrets. How China evolves in the next decade will probably be the single biggest driver of the UK’s future cyber security.
According to Matt Hartman, Deputy Executive Assistant Director for Cybersecurity, “The playbooks we are releasing today are intended to improve and standardize the approaches used by federal agencies to identify, remediate, and recover from vulnerabilities and incidents affecting their systems. This important step, set in motion by President Biden’s Cyber Executive Order, will enable more comprehensive analysis and mitigation of vulnerabilities and incidents across the civilian enterprise. We encourage our public and private sector partners to review the playbooks to take stock of their own vulnerability and incident response practices.”
According to the recent overview from HaystackID, by synergistically harnessing the potential of artificial intelligence, the precision of data science, the power of machine learning, and the practicality of expertly trained and managed reviewers, HaystackID Discovery Intelligence delivers insight and intelligence that allows you to reach decision points faster and more economically than previously possible.
Increased interest in levels of M&A activity resulted in the Bureau of Competition’s Premerger Notification Office (PNO) publishing monthly figures for Hart-Scott-Rodino (HSR) Act transactions. The latest monthly update from the PNO is for October 2021 (FY 2022) and noted 443 reported transactions. This is the highest number of monthly reported transactions in any month of October between FY 2010 and FY 2022. It is also the highest number of reported transactions in any month since October 2010.