Governance Professionals Left in the Dark About e-Discovery Costs

http://ow.ly/9vpBd

An article by Aarti Maharaj posted on the business2community.com website.

This article discusses the costs of eDiscovery, and looks at what corporate officers know about their own employers eDiscovery expenses.

The article states, "According to a poll taken during this live event, an astounding 62 percent of corporate secretaries and general counsels are unaware of how much a company spends on its e-discovery; 25 percent, however, believe the cost at their own firm is less than $50,000.

‘In a case like this, it depends on the type of lawsuit companies are dealing with,’ adds Barnard. ‘Certainly, most companies have become savvy about having a good document retention program in place and e-discovery cases are going to increase in the next few years.’

When dealing with e-discovery cases, 41 percent of corporate officers feel that the biggest challenge is collecting and producing responsive documents that will be useful in litigation. Conducting relevant keyword document searches, determining which documents to retain for future e-discovery cases and limiting costs all tied at 16 percent."  A link to information from a webinar about this topic is also provided in the article. The article also references a recent model order in the Federal courts aimed at limiting the costs and scope of eDiscovery in certain types of litigation.