Compliance and E-Discovery: Long Term Convergence?
EDDix provides objective, in-depth research about the e-discovery market. Its latest study, Corporate Litigation Readiness, presents several interesting findings.
EDDix reports are typically based on research conceived, executed, and analyzed by EDDix. Here, an e-discovery vendor commissioned a detailed survey of in-house counsel and turned over the results to EDDix to analyze. Working from a less-than-perfect research instrument, EDDix nonetheless teased out interesting findings:
- Corporate focus on compliance will cause companies to acquire archival/retention systems that ultimately handle more aspects of e-discovery. And corporations will play a bigger role in setting e-discovery strategy. EDD vendors will need to re-focus the services they offer. But the process will likely take a full decade.
- For the moment, however, the data suggest that many general counsels still do not have a handle on electronic discovery details. The survey found that 62% have an “e-mail archiving system.” Would that it were so. EDDix points out that many technology surveys find that the penetration of e-mail archive systems is under 30%. The interpretation: in-house counsel may be confused about the systems their companies use and their capabilities for e-discovery. But compliance and risk managers will likely take the lead role, so it doesn’t really matter that much.
- Fear of sanctions, despite the widely publicized Zubulake and Morgan Stanley decisions, is not driving change in corporations; rather, it is compliance mandates, particularly SOX. This drive will ultimately lead corporations to adopt enterprise content management systems.
More information on the Corporate Litigation Readiness: free summary for members, which requires free registration; full-study costs $798 for members and $1450 for non-members.
- Alternative Legal Provider (36)
- Artificial Intelligence (AI) (52)
- Bar Regulation (13)
- Best Practices (39)
- Big Data and Data Science (11)
- Blockchain (10)
- Bloomberg Biz of Law Summit – Live (6)
- Business Intelligence (21)
- Contract Management (19)
- Cool Legal Conferences (12)
- Design (1)
- Do Less Law (38)
- eDiscovery and Litigation Support (165)
- Experience Management (8)
- Extranets (11)
- General (191)
- Innovation and Change Management (164)
- Interesting Technology (98)
- Knowledge Management (221)
- Law Department Management (14)
- Law Departments / Client Service (113)
- Law Factory v. Bet the Farm (28)
- Law Firm Service Delivery (112)
- Law Firm Staffing (25)
- Law Libraries (5)
- Legal market survey featured (5)
- Legal Process Improvement (24)
- Legal Project Management (26)
- Legal Secretaries – Their Future (17)
- Legal Tech Start-Ups (3)
- Litigation Finance (5)
- Low Cost Law Firm Centers (20)
- Management and Technology (179)
- Notices re this Blog (10)
- Online Legal Services (63)
- Outsourcing (135)
- Personal Productivity (39)
- Roundup (58)
- Structure of Legal Business (1)
- Supplier News (13)