Rob Robinson | The ComplexDiscovery Blog

A technology blog highlighting data and legal discovery insight and intelligence.

    Activity Patterns for eDiscovery Mergers, Acquisitions, and Investments (2001-2017)

    Activity Patterns for eDiscovery Mergers, Acquisitions, and Investments (2001-2017)

    Since beginning to track the number of publicly highlighted merger, acquisition, and investment (M&A+I) events in the eDiscovery ecosystem, ComplexDiscovery has noted more than 300 M&A+I events between November 2001 and today. The following article highlights the pattern of these activities on an annual and monthly basis.

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    An Abridged Look at the Business of eDiscovery: Mergers, Acquisitions, and Investments

    An Abridged Look at the Business of eDiscovery: Mergers, Acquisitions, and Investments

    The presented listing highlights key industry business moves by sharing the announcement date, acquired company, acquiring or investing company, and acquisition amount (if known) of significant eDiscovery-related mergers, acquisitions, and investments.

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    A Running List: Top 100+ eDiscovery Providers

    A Running List: Top 100+ eDiscovery Providers

    Based on a compilation of research from analyst firms and industry expert reports in the electronic discovery arena, the following “Top 100+Provider” list provides a short listing that may be useful in the consideration of eDiscovery providers. This listing is taken primarily from eDiscovery provider mentions in selected key formal industry reports and surveys published between August 2011 and today.

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    Validated Market Opportunities for 2017: SaaS-based Legal and Data Discovery Automation

    Validated Market Opportunities for 2017: SaaS-based Legal and Data Discovery Automation

    In 2017, the challenge for technology providers in the legal and data discovery spaces appears to be less about defining offering requirements and validating market needs and more about developing and delivering solutions that focus on specific tasks and processes that streamline the discovery of data and the conduct of eDiscovery.

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    A Concise Framework for Discovery Automation

    A Concise Framework for Discovery Automation

    One of the biggest challenges facing information, business, and legal professionals is the ability to cohesively consider the elements of data discovery and legal discovery within a technology framework that is comprehensive enough to address critical discovery tasks throughout information and legal lifecycles yet concise enough to be realistically approached from an automation perspective.

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    industry

    Legal Tech + AI in Germany: Things Are Evolving

    Extract from Artificial Lawyer interview with Dr. Jochen Brandhoff

    If there are barriers to adopting more advanced legal tech in Germany, e.g. AI systems, why is this? Are there any structural or market reasons that are preventing this?

    Yes, there are a few barriers. One of the largest is a lack of capital. The legal market is still new to financial investors. Venture capital and private equity companies as well as many ‘business angels’ often do not understand the digital business models in the legal market.

    There are many reasons for this. One reason is that the legal market is somewhat different from the ones they are familiar with. It is highly regulated, which investors often dislike. Another reason is that they have difficulties in judging the size of the market and the scalability of a business model. With so little capital, it is difficult to have truly great innovations. But you can still fill important niches.

    Why is the legal market so new to investors? Here we come to the second barrier. Investors are not allowed to invest in law firms. Law firms in Germany are subject to prohibitions on ‘third party’ ownership or capital participation, unlike law firms in the UK after the passage of Legal Services Act of 2007.

    This means, simply put, that law firms can only be owned by lawyers (and, to some extent, by tax advisors and accountants) – but under no circumstances can a purely financial investor take part in the law firm. Law firms thus invest only a (tiny) portion of their profits into technology development. I don’t want to make a value-judgment on whether these two prohibitions produce more advantages or disadvantages for the legal market. I will simply say that they are too poorly funded to be able to produce a great leap in technology.

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    GDPR Applies to US Firms

    Extract from article by Stanislaw Kastory

    The entry into force of the GDPR also means changes for companies based outside the UE. According to article 3(2) of the GDPR, the GDPR applies to processing of personal data of data subjects who come from the European Union, by a controller or processing entity not established in the European Union if the processing activities relate to:

    1. a) the offering of goods or services to such data subjects in the European Union and
    2. b) the monitoring of their behaviour.

    This means that, e.g. a US insurance company not based in the EU will be subject to the GDPR (and all the requirements thereunder) if it offers its insurance products to entities in EU countries. The new GDPR will also apply to all companies offering “suggestions” used for example on YouTube, Instagram or Spotify. Suggestions that you may like someone’s profile or music are based on processing of personal data. If a US company makes such suggestions to EU citizens, it will automatically fall under the ambit of the GDPR.

    However, the GDPR does not only apply to big players. If you are a local whiskey producer in Kentucky and you send 10 bottles to a client in France, you are also required to respect the new European regulation. Generally speaking if your business in anyway relates to EU citizens, you should not disregard the GDPR.

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    5 Experts Share Advice on Preparing for GDPR

    A post shared by Rob Robinson (@complexdiscovery) on


    Extract from article Christian Buckley

    Are companies underestimating the potential impact of the EU’s General Data Protection Regulation (GDPR) coming in 2018?

    What we’re seeing is companies broadly falling into four pots: the Ostriches, the Swans, the Tree Frogs and the Lions.

    The Ostriches are simply burying their heads and hoping the entire regulation simply does not apply to them — this seems to be true of many organizations based outside of the EU — they’re convinced there is ‘nothing to see here’ and are carrying on regardless.

    The Swans are putting on a brave face whilst madly scrambling behind the scenes to pay the information ‘taxes’ they have not been paying as they go along. They’re trying to gather, audit, classify and generally get a grip on the information they have, why they have it and where it is. They’re the most engaged but they’ve got a sweat on behind closed doors.

    The Tree Frogs are calm. They sit there on their branch just chirping ‘compliant!’ every few minutes. In some cases they do genuinely get it, they’ve been through the process to understand their compliance/risk position and they’re pretty chilled. In other cases, they just have not understood the obligations (and the risks) and think they’re all good — in many cases this belief has been driven by what they’re being told by IT partners and vendors, who are actually Ostriches ….

    The final group — the Lions — are the ones that are just backed into a corner and are lashing out at anybody within paws reach. They hate the EU, they hate information, they hate consultants trying to help them — they’re lashing out while secretly hoping the whole thing will just go away.

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    industry

    Legal Tech + AI in Germany: Things Are Evolving
    Legal Tech + AI in Germany: Things Are Evolving

    In Germany, the legal market is still new to financial investors. Venture capital and private equity…

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    Insight

    Summer Doldrums? 18 Observations on Summer 2017 eDiscovery Business Confidence
    Summer Doldrums? 18 Observations on Summer 2017 eDiscovery Business Confidence

    Summer 2017 eDiscovery Confidence: Survey respondents appear to have a slightly less optimistic view…

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    Newsletters

    Five Great Reads on Information Governance and eDiscovery: ILTA Edition
    Five Great Reads on Information Governance and eDiscovery: ILTA Edition

    This edition of the newsletter highlights five key posts on information governance and electronic di…

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