May 28, 2013
From the Advisory Institute
Rising litigation and investigations are topping out corporate legal budgets in the millions, often nearly 75 percent of this for eDiscovery costs requiring companies to preserve, collect, review, and produce millions of e-mails and documents as evidence.
Savvy corporate litigants are adopting a new technology called predictive coding to increase efficiency in document review, typically reducing their eDiscovery costs by half.
Predictive coding, however, requires high standards of quality control to increase court defensibility and help lower the risk of a potential dispute.