In the Winter 2019 eDiscovery Business Confidence Survey, 22.7% of respondents viewed budgetary constraints as potentially having the greatest impact on their business in the next six months. This percentage is the highest of all concerns represented in the survey. Increasing data volume was also viewed as a considerable issue, with 21.3% of survey respondents noting it as their greatest business concern.
“We have found a remarkable leader that embodies our core values and client-centric focus to assume leadership of Epiq,” said John Davenport. “After a thorough search process, I’m looking forward to my new role as chairman and to working with David Dobson, who will continue to execute on our vision and strategy of being the premier global legal services partner to clients around the globe. I believe that he is the right person to lead Epiq into the future.”
This is the thirteenth quarterly eDiscovery business confidence survey conducted by ComplexDiscovery. More than 1,265 individual responses have been received from legal, business, and technology professionals across the eDiscovery ecosystem since the inception of the survey and 75 respondents shared their opinions as part of the winter 2019 survey.
The acquisition of Halebury builds on a period of strong organic growth for Elevate, further expanding its international footprint and bringing its headcount to about 1,000 globally. In Q4 2018, Elevate acquired legal AI technology and consultancy LexPredict and Sumati Group, a leading provider of contract lifecycle management (CLM), augmenting its technology-enabled legal services to help law departments and law firms solve increasingly complex problems.
“GRG is a foundational brand in mass torts, with a long record of expertise and problem-solving,” said Bob Hopen, president Epiq class action and corporate restructuring. “The expertise and market leadership in mass tort that GRG brings to Epiq is unmatched and we’re thrilled to be able to expand this solution and the bench of expertise offered to our clients.”
In 2019, blockchain and distributed ledger technologies will continue to occupy a prominent role in conversations about transformative innovation in the practice of law. In her recent article on blockchain published by Above The Law, strategist, author, and speaker Olga Mack highlights some critical considerations for innovative leaders working with these disruptive technologies.
Since beginning to track the number of publicly highlighted merger, acquisition, and investment (M&A+I) events in the eDiscovery ecosystem, ComplexDiscovery has noted more than 360 M&A+I events between November 2001 and December 2018. In considering M&A+I events in 2018, the following findings, drivers, data points, and tracking charts may be useful for understanding the activity patterns of these business events between January 1, 2018, and December 31, 2018.
As part of its industry research in 2018, ComplexDiscovery expanded its survey and tracking efforts to include four core eDiscovery areas ranging from market sizing and business confidence to predictive coding and pricing. Provided for your consideration and use are descriptions and links to eleven key reports published during 2018 from these four areas.
As your opinion is important in helping form a complete picture of the business confidence of those operating in and around the eDiscovery ecosystem, please do take the time to complete this short, anonymized survey, as the results help all legal, business, and technology professionals in the eDiscovery ecosystem better understand the current state of business confidence and how their business is positioned regarding key operational metrics.
‘Marketing’ has, unfortunately, become a stigmatized term, that brings to mind an oxymoronic mixture of big data analytics and fluffy content writing, ads, and design.