Pricing may be collapsing. No, not large law firm billing rates; I mean e-discovery processing.
Lately, my legal technology consulting friends have reported that the price umbrella was collapsing. Now comes “official” confirmation. Publicly traded Marsh & McLennan Companies, which owns Kroll, reports in a May 3rd press release on Q1 results: “Significant pricing pressures in the marketplace adversely affected Kroll’s electronic discovery business, reducing both its revenues and profitability.”