7 tips to cut ediscovery costs

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Ediscovery costs are top of mind for every corporation. Learn a few simple things you can do to reduce ediscovery spend.

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7 tips to cut ediscovery costs

  1. 1. 1000101010 0001110100 01010101111 10101010101 8% 19% 73% Tips To Cut Ediscovery Dollars Methods corporations should consider for reducing ediscovery costs without compromising quality A recent study looked at how the shift from paper documents to electronically stored information (ESI) has led to sharper increases in discovery costs.* With decades of ediscovery experience, Kroll Ontrack offers 7 tips for reducing these litigation costs at each stage of a discovery production – from preservation and collection to processing and review. The study found that for every dollar spent on ESI production, document review consumes about $0.73, while collection and processing consume about $0.08 and $0.19 respectively. $0.73 $0.19 $0.08 Preservation and CollectionPreservation and Collection Processing and FilteringProcessing and Filtering Approximately 8% of ESI production costs Approximately 19% of ESI production costs Information management and data retention are the first steps to cost-effective preservation and collection. Keep processing costs in check by monitoring data volumes and regularly calibrating your budget. Don’t review every document with traditional, linear “eyes-on” methods. Innovative technology can allow you to defensibly reduce review costs. Let predictive coding technology (aka: technology assisted review) prioritize and categorize documents for attorney review teams to verify with sampling and quality control processes. Find a balance between using in-house technology and resources versus external vendors and consultants. In most cases, both in-house capabilities and external expertise will be needed. Don’t do it alone. Involve corporate IT resources early in the document collection and throughout ediscovery. Filter document sets by search terms, custodians, date ranges, and elimination of duplicates to contain processing costs before review. Decide what groups of documents are not relevant and remove them with Early Data Assessment (EDA) or analytics technology. ReviewReview Approximately 73% of ESI production costs The more documents handed over to attorneys for review, the more expensive the discovery process. * RAND Institute for Civil Justice, Where the Money Goes: Understanding Litigant Expenditures for Producing Electronic Discovery, 2012. www.krollontrack.com TIP #2 TIP #3 TIP #4 TIP #5 TIP #6 TIP #7 7 Identify key players in the case and promptly preserve their data. Data could reside on computers, mobile devices, external drives, CDs and DVDs, and backup tapes. TIP #1

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