“Where The Money Goes” – a Report by the Rand Corporation

http://ow.ly/asd0Z

An article by Ralph Losey, Esq. on his blog e-Discovery Team®.

This article looks at a Rand Study regarding eDiscovery expenses, and examines the findings that document review is the primary cost associated with the eDiscovery process.

The article states, "The Rand Corporation is a well-known and prestigious non-profit institution. Its stated charitable purpose is to improve policy and decision-making through research and analysis. It has recently turned its attention to electronic discovery. Rand concluded, as have I, and many others, that the primary problem in e-discovery is the high cost of document review. They found it constitutes 73% of the total cost of e-discovery. For that reason, Rand focused its first report on electronic discovery on this topic, with side comments on the issue of preservation. The study was written by Nicholas M. Pace and Laura Zakaras and is entitled Where The Money Goes: Understanding Litigant Expenditures for Producing Electronic Discovery. It can be downloaded for free, both a summary and the full report (131 pages). A nicely bound paper version can be purchased for a modest fee of $20."  Links to the summary and full report are provided in Mr. Losey's article.

The article further states, "The Rand Report does more than just recommend the use advanced technology, it actually endorses one particular type of technology, my friend Predictive Coding. That’s right, this prestigious, non-profit, independent group has reach the same conclusions that I have, and many, many others have (in fact, you would be hard pressed to find any bona fide expert to argue against the idea of predictive coding). It is now official. Predictive coding is the best answer we have to the problem of the high costs of e-discovery. Of course, there will be good faith debates for years to come on the best methods to use this new technology, and in what cases it is appropriate."