{"id":1271,"date":"2010-06-14T07:00:48","date_gmt":"2010-06-14T15:00:48","guid":{"rendered":"http:\/\/www.formtek.com\/blog\/?p=1271"},"modified":"2010-06-14T07:00:48","modified_gmt":"2010-06-14T15:00:48","slug":"ediscovery-law-firms-ramp-up-capabilities","status":"publish","type":"post","link":"https:\/\/formtek.com\/blog\/ediscovery-law-firms-ramp-up-capabilities\/","title":{"rendered":"eDiscovery: Law Firms Ramp up Capabilities"},"content":{"rendered":"

It’s a sort of a ‘build it and they will come’ kind of story. \u00a0 There have been a combination of forces at work with technology being the enabler. \u00a0There have been great advances in computer processing speeds, storage capacities, search, and content management. \u00a0The efficiencies and advantages of digital data have been so compelling that now almost all new enterprise information is being created electronically. \u00a0And the fact that organizational data has now become so easily accessible makes digital repositories a very common target of legal requests seeking to get an historical view into the enterprise.<\/p>\n

The increasing demand to add eDiscovery to legal investigations means that law firms need to now ramp up their ability to initiate and oversee eDiscovery requests. \u00a0The Cowen Intelligence group<\/a> has recently done a survey of litigation support groups and found that the hours worked to support eDiscovery requests is growing rapidly.<\/p>\n

In Q4 2009, law firms logged 61 percent additional hours, vendors supporting eDiscovery had 51 percent more hours, and corporations spent 35 percent more hours. \u00a0Workloads from new cases have increased 65 percent at law firms, and workload from existing cases increased 47 percent.<\/p>\n

The net result is that vendors, companies and law firms are all hiring to support eDiscovery operations. \u00a060 percent of law firms expect to hire. \u00a065 percent of vendors do too, as well as 35 percent of corporations.<\/p>\n

\u201cDollars are opening up again,\u201d said David Cowen<\/a> of The Cowen Group. \u00a0\u201cLegal technology budgets that have been frozen the past 12-18 months are now thawing. \u00a0The next three, six, and nine months will be very good for everyone with a card to play in the eDiscovery industry. \u00a0\u00a0Ironically, a silver lining of the recession is that it forced discipline among all parties to become more fully\u00a0engaged in the eDiscovery process. Law firms and corporations alike have learned that there is no magic bullet or\u00a0killer application that will solve all problems.\u201d<\/div>\n
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It’s a sort of a ‘build it and they will come’ kind of story. \u00a0 There have been a combination of forces at work with technology being the enabler. \u00a0There have been great advances in computer processing speeds, storage capacities,…<\/span><\/p>\n

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