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DISCO Raises $60 Million

According to the media release, DISCO will use this investment to aggressively expand its go-to-market team, doubling sales capacity in North America over the next 12-15 months, expanding its dedicated enterprise sales team, and growing its presence in the EMEA and APAC regions. The company highlighted that it will also expand its strategic channel program, working with service providers who resell DISCO, including a growing number of the largest global service providers. DISCO will continue to invest in its cloud technology platform, software products like DISCO Ediscovery and DISCO Case Builder, and productized legal services like its fast-growing AI-powered DISCO Managed Review offering.

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The Continuing Case of Budgetary Constraints in the Business of eDiscovery

In the fall of 2020, 49.4% of respondents viewed budgetary constraints as potentially having the greatest business impact on their business in the next six months. This percentage is the highest of all concerns represented in the survey and also is the third-highest rating for any business performance concern since the inception of the survey. This is also the twelfth time in twenty surveys that the issue of budgetary constraints has been the top concern or tied for the top concern by survey respondents.

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Post COVID-19 Hype? New Gartner Hype Cycle for Legal and Compliance Technologies

According to Zack Hutto, director in the Gartner Legal and Compliance practice, “Just as enterprise resource planning (ERP) overhauled finance, there is promise for a foundational system of record to improve in-house legal operations and workflows. Legal leaders should take a lesson from ERP’s evolution: ‘monolithic’ IT systems tend to lack flexibility and can quickly become an anchor not a sail.”

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A Tempo of (Anti) Trust? Hart-Scott-Rodino Act Filings in 2020

Given the chilling effect of COVID on the business of eDiscovery in 2020, many individuals and organizations are interested in the impact of current pandemeconomic conditions on essential audit, investigation, and litigation drivers for legal discovery. One of those drivers is the need for eDiscovery support in FTC and DOJ Second Request investigations. As Second Requests are driven from HSR Act mandated merger transaction reviews, the following HSR Act filing information and comparisons may be helpful for understanding current trends and potential trajectories driving the need for Second Requests.

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Outstanding Accounts? eDiscovery Operational Metrics in the Fall of 2020

In the fall of 2020, eDiscovery Business Confidence Survey more than 70 participants chose to answer at least one of the optional business operational metric survey questions in the quarterly survey. 21.9% of survey respondents reported Days Sales Outstanding (DSO) as increasing in the fall of 2020. This is an incremental increase from the 20.9% reporting DSO as increasing in the summer of 2020 and is the highest percentage of respondents reporting DSO as increasing since the introduction of business operational metric questions to the eDiscovery Business Confidence Survey in the winter of 2019.

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Hidden Trends? Captivating Research on Captive ALSPs

According to the just-released report from Baretz+Brunelle, a new crop of competitors has started playing on law firms’ turf. These competitors use technology, alternative staffing models, and a focus on process to accomplish tasks more efficiently than law firms. They are known as “alternative legal services providers,” and they are racking up wins. Recent numbers show that revenue for ALSPs grew from $8.4 billion in 2015 to $10.7 billion in 2017, and that 71% of corporate legal departments now use so-called ALSPs.

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Holding the Rudder? Fall 2020 eDiscovery Business Confidence Survey Results

This is the twentieth quarterly eDiscovery Business Confidence Survey conducted by ComplexDiscovery. It is also the third time the survey has been conducted during the current pandemic. The COVID-19 pandemic continues to alter life as we know it. It also continues to alter the business landscape of everyone in the eDiscovery ecosystem. 2,272 individual responses have been received from legal, business, and technology professionals across the eDiscovery ecosystem since the inception of the survey. 83 respondents shared their opinions as part of the most recent survey.

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Rampiva and the RYABI Group Merge

According to today’s announcement, the RYABI Group merger is Rampiva’s first acquisition event since its founding. The combined organization now has offices in the United States, Canada, Switzerland, and Australia. Additionally, with this merger, the RYABI Group’s founders will integrate with the Rampiva team, become active shareholders in the combined company, and transition to operating under the Rampiva brand.

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Mitratech Acquires Acuity ELM

According to Mike Williams, CEO of Mitratech, “We came to the realization that smaller departments that haven’t yet adopted technology to manage documents, control legal spend, process claims, and otherwise streamline operations have fallen further behind the rest of the industry on the legal technology maturity curve. So we saw an incredible opportunity to help this underserved portion of the market, and Acuity ELM will help us do that.”

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Veritas Acquires Globanet

“By integrating Globanet’s technology into our digital compliance portfolio, we’re making it simpler for Veritas customers to find and act on more of their data, no matter where it lives,” said Greg Hughes, CEO, Veritas. “Today’s announcement accelerates and strengthens our vision for the Veritas Enterprise Data Services Platform and improves its world-class compliance capabilities. No matter what communications and data management platform our customers use, we enable them to optimize and monitor all their content as it moves from backup to archive to discovery.”

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Deep State? Thirteen Research Reports on the State of eDiscovery Business in 2020

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X-Road® In Alignment with Digital Public Goods Standard

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A New Era in eDiscovery? Framing Market Growth Through the Lens of Six Eras

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Home or Away? New eDiscovery Collection Market Sizing and Pricing Considerations

One of the key home (onsite) or away (remote) decisions that...

The Price of Success? The eDiscovery Pricing Survey (Winter 2021)

Based on the complexity of data and legal discovery, it is...

Deep State? Thirteen Research Reports on the State of eDiscovery Business in 2020

As part of its coverage of the business of eDiscovery, ComplexDiscovery...

A Season of Change? Eighteen Observations on eDiscovery Business Confidence in the Fall of 2020

In the fall of 2020, 77.2% of eDiscovery Business Confidence Survey...

The Continuing Case of Budgetary Constraints in the Business of eDiscovery

In the fall of 2020, 49.4% of respondents viewed budgetary constraints...

Epiq Acquires Hyperion Global Partners

According to Ziad Mantoura, SVP and General Manager for Epiq's legal...

Smarsh Acquires Digital Reasoning

According to the media release, Tim Estes, Founder and CEO of...

Reynen Court Secures Additional Funding

According to the media release, Reynen Court has secured $4.5 million...

DISCO Raises $60 Million

According to the media release, DISCO will use this investment to...

Five Great Reads on eDiscovery for November 2020

From market sizing and cyber law to industry investments and customer...

Five Great Reads on eDiscovery for October 2020

From business confidence and captive ALSPs to digital republics and mass...

Five Great Reads on eDiscovery for September 2020

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Five Great Reads on eDiscovery for August 2020

From predictive coding and artificial intelligence to antitrust investigations and malware,...