37 Points of Light? 2021 Gartner Market Guide for E-Discovery Solutions

Published on April 7, 2021, by the research and analyst firm Gartner, the new Market Guide for E-Discovery Solutions report (G00731953) shares information and insight on the eDiscovery market and a limited number of representative software vendor and service providers. This information and insight may be useful for infrastructure and operations professionals as they consider eDiscovery solutions for their specific data discovery and legal discovery needs.

New Litigation Trends Survey from Norton Rose Fulbright

Released in February of 2021, Norton Rose Fulbright’s 16th Annual Litigation Trends Survey highlights up-to-date insight on key US dispute trends including the changes and challenges presented by the COVID-19 pandemic. Additionally, in the areas of cybersecurity and data protection, the survey report notes that disputes have increased over the last several years, with 2020 being no exception. According to the survey report, 44 percent of respondents feel more exposed than they did 12 months prior and respondents report that past attacks have disrupted operations, with others sensing that their company size or industry makes them targets.

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

While the Compound Annual Growth Rate (CAGR) for worldwide eDiscovery software and services slows, the overall size of the market continues to grow with estimates for the overall market to exceed $15.12B in 2025. This year’s annual eDiscovery Market Size Mashup estimates the combined worldwide eDiscovery software and services market spend in 2020 to be approximately $10.89B, growing at a CAGR of approximately 6.79% to $15.12B by 2025.

Resetting the Baseline? eDiscovery Market Size Adjustments for 2020

An unanticipated pandemeconomic-driven retraction in eDiscovery spending during 2020 has resulted in the need to reset the baseline market size for ongoing ComplexDiscovery Market Size Mashup reports. Originally estimated by ComplexDiscovery to reach $12.66B in market size during 2020, revised estimates for the eDiscovery market reflect an adjustment to a newly estimated market size of $10.89B for 2020. This adjustment is a decrease of approximately 14% from pre-COVID 2020 forecasts. This revision also equates to a negative 3.03% growth rate between 2019 and 2020.

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.”

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.

Much Ado About Something? The Hype Cycle for Legal and Compliance Technologies (2020)

The information and insight highlighted by Marko Sillanpaa of Gartner in the recently published Hype Cycle for Legal and Compliance Technologies, 2020, may be useful for legal, business, and information technology professionals as they consider the positioning and potential for emerging data and legal discovery technologies.

Norton Rose Fulbright Releases 2019 Litigation Trends Annual Survey

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.

XDD Acquires eDiscovery Business of Zeledon-Castillo

According to Jorge Zeledon-Castillo, CEO at Zeledon-Castillo, “Joining forces with XDD...

SPAC Attack? Cellebrite Moves Toward Becoming a Public Company

According to Adam Clammer, Chief Executive Officer of TWC Tech Holdings,...

Cobra Legal Solutions Receives Investment from Blue Sage Capital

According to Eric Weiner, Partner at Blue Sage, “We are excited...

eDiscovery Mergers, Acquisitions, and Investments in Q1 2021

From Relativity and Reveal to Compliance (System One) and Veristar, the...

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

There are many excellent resources for considering chronological and historiographical approaches...

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

While the Compound Annual Growth Rate (CAGR) for worldwide eDiscovery software...

Resetting the Baseline? eDiscovery Market Size Adjustments for 2020

An unanticipated pandemeconomic-driven retraction in eDiscovery spending during 2020 has resulted...

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 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...

Five Great Reads on eDiscovery for December 2020

May the peace and joy of the holiday season be with...

XDD Acquires eDiscovery Business of Zeledon-Castillo

According to Jorge Zeledon-Castillo, CEO at Zeledon-Castillo, “Joining forces with XDD...

Cobra Legal Solutions Receives Investment from Blue Sage Capital

According to Eric Weiner, Partner at Blue Sage, “We are excited...

Corporation Z? Zapproved Releases of ZDiscovery Platform

According to the announcement, Monica Enand, Zapproved Founder and CEO, shared,...

Head in the Clouds? CloudNine Releases Review Updates

According to Tony Caputo, CEO of CloudNine, “CloudNine is 100% dedicated...

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

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

Cold Weather Catch? Predictive Coding Technologies and Protocols Survey – Spring 2021 Results

The Predictive Coding Technologies and Protocols Survey is a non-scientific semi-annual...

Out of the Woods? Eighteen Observations on eDiscovery Business Confidence in the Winter of 2021

In the winter of 2021, 85.0% of eDiscovery Business Confidence Survey...

Issues Impacting eDiscovery Business Performance: A Winter 2021 Overview

In the winter of 2021, 43.3% of respondents viewed budgetary constraints...