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.
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.
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 $20B in 2024. This year’s annual eDiscovery Market Size Mashup estimates the combined worldwide eDiscovery software and services market spend in 2019 to be approximately $11.23B, growing at a Compound Annual Growth Rate (CAGR) of approximately 12.93% to $20.63B by 2024.
Published on August 12, 2019, by the research and analyst firm IDC, the new IDC MarketScape: Worldwide eDiscovery SaaS Review Software Assessment report (Doc #US44752919) shares information and insight on the eDiscovery software market through the lens of software delivered via SaaS public cloud implementations. This information may be useful for legal, business, and IT professionals seeking to better understand market demands and buyer needs for eDiscovery review software.
The 2019 CLOC State of the Industry survey includes respondents from more than 200 companies of different sizes representing over 30 industries and 18 countries. The second annual survey was developed by polling CLOC members during the first four months of 2019 about their 2018 results. The survey consisted of questions that were designed to provide a deeper understanding of legal operations expenditure, headcount, technology & innovation, and relationships with various legal services providers and law firms.
Published on June 27, 2019, by the research and analyst firm Gartner, the new Market Guide for E-Discovery Solutions report (G00388272) shares information and insight on the eDiscovery market and a limited number of representative software 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.
Authored by industry expert Andrew Haslam, the eDisclosure Buyers Guide is the most comprehensive and definitive resource available for data discovery and legal discovery professionals seeking to understand and evaluate eDisclosure-related services and products.
Released in November 2018, Norton Rose Fulbright’s 2018 Litigation Trends Annual Survey highlighted a decrease in the number of lawsuits commenced against survey corporate counsel respondent companies over the last year. However, the survey also noted that the growing international nature of many business operations has caused a spike in conflicts related to countries’ differing discovery and data protection laws and regulations.
Alternative Legal Service Providers (ALSPs) make up a $10.7 billion market for legal services, with nearly nine in ten large law firms using ALSPs, according to a recent comprehensive study by Thomson Reuters, Georgetown Law, Oxford Saïd Business School, and Acritas.
The annual eDiscovery Market Size Mashup estimates the combined worldwide eDiscovery software and services market spend in 2018 to be approximately $10.11B, growing at a Compound Annual Growth Rate (CAGR) of approximately 13.09% to $18.7B by 2023.