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You are viewing ARCHIVED CONTENT released online between 1 April 2010 and 24 August 2018 or content that has been selectively archived and is no longer active. Content in this archive is NOT UPDATED, and links may not function.Extract from article by Meta S. Brown published by Forbes
If you’ve ever bought a house, settled an estate or been sued, you’ve seen how the paperwork involved in a legal process can pile up. Picture how the volume mounts when the scale is much larger, as it does in a class action suit or the acquisition of a large corporation.
Sifting through heaps of documents to gather relevant information is a necessary part of the legal process. It’s detailed and time-consuming work that calls for a thorough and organized process. The work requires a mix of paralegals, attorneys, and other skilled specialists.
These people must be paid, and the fees add up. As the volume of “data” (documents subject to legal discovery) grows, fees rise. But that’s not the only problem. People are people. They can only work so fast, can work only so many hours in a day, can only stay with repetitive tasks for so long before they tire or become distracted. The process is slow and imperfect. While clients are waiting, people may suffer and business opportunities may be lost.
Read the complete article at Analytics That Slash The Cost of Litigation