This is the fourteenth quarterly eDiscovery Business Confidence Survey conducted by ComplexDiscovery. More than 1,448 individual responses have been received from legal, business, and technology professionals across the eDiscovery ecosystem since the inception of the survey and 180 respondents shared their opinions as part of the spring 2019 survey.
This updated article highlights one approach to evaluating the selection of eDiscovery vendors that may help decision makers by providing an objective framework useful for the competitive comparison and contrasting of subjective evaluation elements. While the components and ratings used in the approach may be adjusted and weighted based on the experiences and preference of evaluators, the framework is beneficial for ensuring a holistic evaluation process for determining vendor viability.
When an acquirer does not protect itself against a data lemon and seek sufficient information about the target’s data privacy and security compliance, the acquirer may be left with a data lemon.
Congruity360 expands its data governance solution portfolio and completes its end-to-end eDiscovery suite with the acquisition of SaGo.ai Inc., and SaGo’s proprietary litigation hold solution, Hold360 (formerly Legal Hold).
Recent decades have witnessed non-financial firms’ forays into venture capital by creating Corporate Venture Capital (CVC) divisions. CVCs differ from traditional VCs that are seeking pure financial returns. Instead, CVCs are in general strategic corporate divisions for incumbent firms to respond to negative innovation shocks, and CVCs help those firms to expose themselves to new technologies in order to fix their weaknesses and regain their innovation edge. These findings have implications for understanding entrepreneurial financing and corporate innovation policies.
This in-progress overview of three important business metric trajectories is provided as a precursor to the final results of the fourteenth quarterly eDiscovery Business Confidence Survey currently being conducted by ComplexDiscovery. These preliminary results highlight the responses of legal, business, and technology professionals across the eDiscovery ecosystem to three specific business questions regarding days sales outstanding (DSO), monthly recurring revenue (MRR) and customer revenue distribution metrics.
Much of the discussion about cloud services remains focused on the needs of less-mature organizations and on technical rather than business considerations. Debate concentrates on whether to move to the cloud, which workloads are best to “lift and shift” from a cost, security and compliance perspective or how to avoid supplier lock-in, currently one of the biggest concerns when moving to the cloud.
The frenetic and much-touted world of artificial intelligence (AI) has poured into the legal industry like a storm surge. Lawyers who lack technical expertise or feel overwhelmed by jargon and arcane mathematical concepts are at a distinct disadvantage in this technology-oriented new world. Vendors can make assertions with little risk of cross-examination.
“This is a tremendous opportunity for our employees and our clients,” stated Oleh Hrycko, H&A eDiscovery President. “Arbor Ridge Partners’ experience and knowledge of the Litigation Support and eDiscovery industry was invaluable. They understood our particular goals and objectives and provided options that were spot on and with exceptional guidance, communication, and counsel.”
The “Best Of” reader ranking surveys were developed by ALM, an information and intelligence company, to help lawyers identify the finest legal products and service providers and to showcase the top selections in an annual edition of one of fourteen surveys. Each survey has multiple categories of products and services presented for consideration, with a subset of categories (survey questions) from each survey that directly or indirectly pertain to the eDiscovery ecosystem. The purpose of this aggregate listing is to highlight leading eDiscovery providers as determined by online voting in ALM “Best Of” surveys between September 2017 and today.