May the peace and joy of the holiday season be with you throughout the coming year! Please enjoy our December selection of five articles shared to inform and update legal and information technology professionals on the art and science of data discovery and legal discovery. Happy Holidays!
Pivotal and KLD have received binding commitments from Ontario Teachers’ Pension Plan and another large global financial institution pursuant to which such parties have committed to making an investment of $100 million in the form of one or more debentures to be issued in connection with the closing of the transaction between the Company and KLD.
First administered in December of 2018 and conducted three times during the past calendar year with 229 individual responses, the semi-annual eDiscovery Pricing Survey highlights eDiscovery pricing on selected collection, processing, and review tasks. The aggregate results of all surveys as shared in comparative charts may be helpful for understanding pricing and its impact on purchasing behavior on selected services over time.
Released in December of 2019, Norton Rose Fulbright’s 2019 Litigation Trends Annual Survey highlighted that a majority of corporate counsel respondents foresee an economic downtown that will lead to a rise in disputes. Additionally, the number of in-house counsel who rated cybersecurity and privacy as the most important litigation issue facing them doubled from 2018 to 2019. Respondents said worries over cybersecurity and data protection risks are rooted in the volume of such threats, the creativity of cyber criminals, the sensitive nature of some data content and some jurisdictions’ enactment of stringent data privacy laws.
In his excellent overview on the state of the legal technology industry, Hyperscale Group Limited Founder Derek Southall shares that unless lawyers begin to focus on the element of law in the development of legal technologies, they may miss an opportunity to capitalize on their legal expertise and cease being the driving forces in the development of technologies to support their legal efforts.
As highlighted by analytics professor Jonathan Choi, just because datasets may be small doesn’t mean that they are not valuable. In the age of big data influenced eDiscovery, we often neglect the power of small data. However, if considered and used effectively, even the smallest of datasets may provide great value.
Published on November 20, 2019, by the research and analyst firm Gartner, the new Magic Quadrant for Enterprise Information Archiving (EIA) report (G00381129) shares information and insight on the EIA market and twelve vendors. This information and insight may be useful for infrastructure and operations leaders as they assess compliance, preservation, and discovery requirements and demands.
Amazon Kendra is a highly accurate and easy to use enterprise search service that’s powered by machine learning. Kendra delivers powerful natural language search capabilities to websites and applications so end users can more easily find the information they need within the vast amount of content spread across their company.
From E-Discovery Day, Exterro, and the EDRM to Analysts, ACEDS, and Alternative Legal Service Providers, there are many excellent resources for considering the business of eDiscovery. Hopefully, the four resources noted in this article and that share eDiscovery information on market size, investments, business confidence, and pricing considerations provide data point snapshots that may be useful to you as you rest, refresh, and reconsider the eDiscovery industry during the time frame of the 5th Annual E-Discovery Day in 2019.
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 15 specific questions answered by legal, business, security, and information professionals operating in the eDiscovery ecosystem. The winter 2020 survey was open from November 19, 2019, until November 29, 2019, and had 80 respondents share their understanding of the pricing of eDiscovery services.