A Quick Look at eDiscovery Industry Kinetics: Four Areas of Interest

    From ACEDS, ACC and ILTA to Chambers, ClariLegal, and CLOC, there are many excellent resources for considering the business of eDiscovery. Analyst firms, associations, companies, and consortiums are chock full of industry data and details that may be helpful for building a comprehensive understanding of the business of eDiscovery. In this article ComplexDiscovery shares four resources that may be useful in considering the past, current, and future market kinetics of the business of eDiscovery.

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    KLDiscovery By The Numbers: Second Quarter 2019 Results

    “We are pleased with our record second quarter of strong growth and the continued momentum our business is enjoying in the third quarter,” said Chris Weiler, Chief Executive Officer of KLDiscovery. “We are expanding our relationships with existing clients, targeting new clients and expanding into new verticals both organically and through strategic acquisitions,” said Mr. Weiler.

    • 3 minute read

    ayfie Raises $10 Million in Funding

    “We are very proud of ayfie’s excellent development since the initial round of funding. ayfie is solving problems that other less sophisticated systems cannot,” says Erik Baklid, CEO of ayfie. He adds: “The funding supports with power the achievement of our next business milestones taking full advantage of the momentum we’ve created.”

    • 2 minute read

    Four Eras of eDiscovery? One Approach to Framing Market Growth

    With the understanding that there are many ways to construct a framework for considering and conversing about market growth over time, provided in a talking point format is one era-based approach that may be helpful for deconstructing time frames, market size, growth rates, and investment pulse rates for the eDiscovery market from 2002 through 2023. This era-based approach also attempts to put a memorable “face” on each defined growth period by associating each era with one prominent eDiscovery platform from that era.

    • 4 minute read

    Head in the Clouds? The New IDC eDiscovery SaaS Review Software Report

    Published on August 12, 2019, by the research and analyst firm IDC, the new IDC MarketScape: Worldwide eDiscovery SaaS Review Software Assessment report (Doc #US44752919) shares information and insight on the eDiscovery software market through the lens of software delivered via SaaS public cloud implementations. This information may be useful for legal, business, and IT professionals seeking to better understand market demands and buyer needs for eDiscovery review software.

    • 2 minute read

    eDiscovery Business Kinetics: DSO, MRR, and Customer Revenue Distribution (Summer 2019)

    In the summer of 2019, 156 eDiscovery Business Confidence Survey participants chose to answer at least one of the optional business operational metric survey questions in the quarterly survey. Almost 33% (32.7%) of survey respondents reported Monthly Recurring Revenue (MRR) as increasing in the summer of 2019. This is a solid increase from approximately 29% (28.5%) reporting MRR as increasing in the spring of 2019.

    • 4 minute read

    Chambers Litigation Support 2019: An Independent Assessment of Litigation Support Services Providers

    Compiled by researchers and supported by more than 500 in-depth interviews with senior market leaders around the world, “Chambers Litigation Support” is an objective guide that presents an independent assessment of leading litigation support services providers in areas ranging from litigation funding and eDiscovery to public relations and business intelligence investigations.

    • 2 minute read

    A Warship on the Network? A New Cybersecurity Challenge

    Similar to wardriving, when you cruise a neighborhood scouting for Wi-Fi networks, warshipping allows a hacker to remotely infiltrate corporate networks by simply hiding inside a package a remote-controlled scanning device designed to penetrate the wireless network–of a company or the CEO’s home–and report back to the sender.

    • 4 minute read

    iCONECT Secures Strategic Capital Funding

    “This financing helps us work toward some exciting new developments and expansion of sales and marketing resources,” said CEO Ian Campbell. “We have been profitable since day one as a company, so we have never really seen the need for external resources. NewField brings both capital and strategic vision toward growth. With a constant focus on innovation, we are well-positioned to take on the unique technical challenges in our industry.”

    • 2 minute read

    Struggling to Recover Costs? The 2019 eDiscovery Billing and Cost Recovery Survey (Logikcull)

    With information harvested from more than 100 law firms through the lens of questions on topics ranging from cost recovery models to how much information on eDiscovery costs are provided to clients, the 2019 eDiscovery Billing and Cost Recovery Survey from Logikcull may be beneficial for legal, business, and IT professionals seeking to better understand the business of eDiscovery.

    • 3 minute read
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