Happy Days are Near Again? eDiscovery Operational Metrics in the Spring of 2021

In the spring of 2021, 93 eDiscovery Business Confidence Survey participants chose to answer at least one of the optional business operational metric survey questions in the quarterly survey. 22.6% of survey respondents reported DSO as increasing in the spring of 2021. This is a solid decrease from 31.5% reporting DSO as increasing in the winter of 2021. However, this is still the second-highest percentage of respondents reporting DSO as increasing since the introduction of operational metric questions into the business confidence survey in the winter of 2019.

Impacting ACEDS? The Sale of BARBRI to Francisco Partners

According to Jacques Galante, Partner of Leeds Equity, “This transaction represents the culmination of a significant business transformation for BARBRI that could not have been accomplished without the great insights and contributions of Steve Fredette, Mike Sims, Dan Wilson and the entire BARBRI team. The team has built an extraordinary business by investing in people, learning technology, and unrivaled products, all with a relentless focus on delivering best-in-class learning outcomes.  We wish the team continued success as they build on this strong business foundation and lead BARBRI during its next chapter of partnership with Francisco Partners.”

Ahead of Schedule? A Hart-Scott-Rodino Act Transaction Update (March 2021)

Increased interest in levels of M&A activity has warranted that the Bureau of Competition’s Premerger Notification Office (PNO) share the monthly figures for Hart-Scott-Rodino (HSR) Act transactions. This increased activity can be seen in the running update of HSR transaction numbers between October 2019 and today. The latest monthly update from the PNO is for March 2021 and noted 323 reported transactions. This is the highest number of monthly reported transactions in any March between FY 2010 and FY 2021. The 323 reported transactions number is also the second-highest reported monthly transactions number for any month between October 2010 and today, only trailing the 424 reported transactions in November 2020.

Corporation Z? Zapproved Releases of ZDiscovery Platform

According to the announcement, Monica Enand, Zapproved Founder and CEO, shared, “The future of ediscovery requires the ability to defensibly manage a company’s critical and foundational legal hold work, plus handle skyrocketing data volumes from a variety of places, increased security needs, and even wholly unexpected events like the quick shift to remote workforces in 2020. ZDiscovery has been built to help our customers solve these challenges today, and stay ahead of them in the future.”

Head in the Clouds? CloudNine Releases Review Updates

According to Tony Caputo, CEO of CloudNine, “CloudNine is 100% dedicated to providing the best eDiscovery offerings on the market. We are very proud to be acknowledged as a ‘most trusted eDiscovery vendor’ in the IDC Survey. Combining our internal resources with the substantial capabilities of our service partners, CloudNine strives to set the highest standard in eDiscovery technology products and services. The enhancements in the latest Review release make it an indispensable and practical option for legal and eDiscovery professionals, where time and cost have a critical impact on their bottom line.”

Threading the Needle? Epiq Launches Unified Digital Client Experience

According to the announcement, Epiq Access is available globally and provides a unified digital interface and single sign on experience to gain access to Epiq and third-party legal applications, legal business intelligence dashboards and reports, project status, support requests and tracking, and Epiq’s easy-to-use SaaS eDiscovery solution, Epiq Discovery.

Mac and Cheese? Cellebrite Launches Endpoint Inspector

According to today’s press announcement, Endpoint Inspector provides users with the server, endpoint software and license for examiners to conduct investigations and eliminates the critical time delay and cost needed to ship laptops to physical locations for digital data collection.

Grid and Bear It? Everlaw Achieves Number One eDiscovery Ranking in G2 Grid Report

According to Michael Fauscette, chief research officer at G2, “Rankings on G2 reports are based on data provided to us by real users. We are excited to share the achievements of the products ranked on our site because they represent the voice of the user and offer terrific insights to potential buyers around the world.”

That’s the Slack, Jack: Hanzo Hold Extends eDiscovery for Slack Plus

According to Brad Harris, VP of Product at Hanzo, “Extending support for Slack Plus with Hanzo Hold, using Slack’s native export capabilities rather than API access afforded with an Enterprise Grid license, allows for a much broader set of organizations to benefit from the power of Hanzo Hold for Slack discovery. As applications like Slack become more mainstream, organizations must develop more efficient mechanisms for preserving and reviewing collaboration content.  Since our inception, Hanzo has been at the forefront of managing complex, dynamic data and helping enterprises reduce the cost and risk associated with these emerging data sources.”

Consider it a Privilege? H5 Announces New Privilege Log Design Module

According to Jason Richard, H5 Vice President of Products, “H5 Matter Analytics targets the most challenging parts of the privilege workflow, starting with advanced solutions for privilege content identification, continuing through to the creation, QC, and finalization of the privilege log. We’re very excited to leverage nearly 20 years of technology experience in this new release to help customers address the costs and risks associated with privilege review.”    

A SOLID Look from Europe? Legal Tech Merger and Acquisition Activity with Mike Bryant and John Jacobs

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Gimmal Acquires Sherpa Software

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Magnet Forensics Closes $115 Million IPO

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XDD Acquires Paralaw

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

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An eDiscovery Market Size Mashup: 2020-2025 Worldwide Software and Services Overview

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Resetting the Baseline? eDiscovery Market Size Adjustments for 2020

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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...

Five Great Reads on eDiscovery for April 2021

From X-Road® and risk management to business confidence and cybersecurity, the...

Five Great Reads on eDiscovery for March 2021

From data breach economics and vulnerabilities to private-equity investments and vendor...

Five Great Reads on eDiscovery for February 2021

From litigation trends and legal tech investing to facial recognition and...

Five Great Reads on eDiscovery for January 2021

From eDiscovery business confidence and operational metrics to merger and acquisition...

Gimmal Acquires Sherpa Software

According to Mark Johnson, Chief Executive Officer at Gimmal, "With the...

Got Interoperability? CloudNine Launches Discovery Portal

According to Jacob Hesse, VP of Product at CloudNine, “Discovery Portal...

Magnet Forensics Closes $115 Million IPO

According to Adam Belsher, Magnet Forensics' CEO, "I'm proud of the...

XDD Acquires Paralaw

According to Bob Polus, XDD Founder and CEO, “As part of...

Ready for Takeoff? Eighteen Observations on eDiscovery Business Confidence in the Spring of 2021

In the spring of 2021, 60.0% of eDiscovery Business Confidence Survey...

Issues Impacting eDiscovery Business Performance: A Spring 2021 Overview

In the spring of 2021, 25.0% of respondents viewed budgetary constraints...

Happy Days are Near Again? eDiscovery Operational Metrics in the Spring of 2021

In the spring of 2021, 93 eDiscovery Business Confidence Survey participants...

A Splash of Optimism? Spring 2021 eDiscovery Business Confidence Survey Results

This is the twenty-second quarterly eDiscovery Business Confidence Survey conducted by...