Document Management and e-Discovery Tools: Law firms are making greater use of document management and e-discovery tools for better efficiency in storing, sorting, retrieving and analyzing information. Better information management means lower litigation discovery costs and improved efficiency in practice generally.
Studies around the country have estimated that 50 to 90 percent of the expense for any given litigation matter is now incurred for discovery because there are often TERA-bytes of information to sort through (which can be literally millions of pages of documents).
Automated or electronically assisted e-Discovery systems use advanced search technologies and/or predictive coding algorithms to sort through the massive information pile quickly, retrieving documents that are privileged, confidential or relevant with far greater speed, efficiency, consistency AND accuracy than purely human review.
The ability to store, sort and retrieve massive amounts of information is also a tremendous aid to practice efficiency generally. It helps lawyers to locate quickly prior work product, research, analysis, arguments or data, saving clients from having to pay for re-making the wheel over and over again.
Some of the products, services and organizations that law firms are utilizing in this regard, as mentioned at the FirmFuture conference, include:
- Encore Discovery Solutions;
- Stored IQ;
- Verve (an online service hosted by Kroll);
- eDiscoveryDIY.com (online service);
- Applied Discovery (from LexisNexis);
- MeetAndConfer.com (specifically for compliance with Rule 26f);
- Cynapse.com (which offers knowledge management solutions generally, and not just for litigation);
- The TimeMatters program from LexisNexis, which offers a DocumentMatters module to assist in document/data management;
- The Electronic Discovery Institute; and
- ARMA.org (which is the site for the Association of Records Managers and Administrators.
Note: The author of this post has not used and does not endorse any of these products or services, but is merely recapping information about what lawyers are using, as gleaned from other sources.