Beginning Next Week: InsideCounsel will become part of Corporate Counsel. Bringing these two industry-leading websites together will now give you comprehensive coverage of the full spectrum of issues affecting today's General Counsel at companies of all sizes. You will continue to receive expert analysis on key issues including corporate litigation, labor developments, tech initiatives and intellectual property, as well as Women, Influence & Power in Law (WIPL) professional development content. Plus we'll be serving all ALM legal publications from one interconnected platform, powered by Law.com, giving you easy access to additional relevant content from other InsideCounsel sister publications.

To prevent a disruption in service, you will be automatically redirected to the new site next week. Thank you for being a valued InsideCounsel reader!

X

More On

New study says cost is most frustrating factor in e-discovery

Inside counsel try to reduce cost with software and additional staff, results say

Consulting company FTI Technology recently released a survey on the best ways to streamline and reduce the cost of e-discovery. FTI interviewed 31 in-house counsel with e-discovery responsibilities, most of whom work at Fortune 1000 companies, and asked them for advice. Here are some of the survey’s key findings on e-discovery trends in 2011:

  • 94% of respondents found the cost of e-discovery “frustrating”
  • 87% of respondents used an early case assessment to try to resolve matters earlier
  • 81% of respondents brought software in house, which helps to cut costs on law firm or service provider fees
  • 52% of respondents brought staff in house to help reduce fees spent on law firms or service providers
  • 32% of respondents used clustering or visualization tools to speed review along (down from 34% in 2010)
  • 71% of respondents used contract attorneys for legal review (down from 77% in 2010)
  • 61% of respondents were able to quantify how much money they spent on e-discovery. Many companies are still unaware of their spending habits.
  • 42% of respondents have a tool to collect and preserve data from the cloud or from social media

Get a full copy of FTI’s report here.

Join the Conversation

Advertisement. Closing in 15 seconds.