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You are viewing ARCHIVED CONTENT released online between 1 April 2010 and 24 August 2018 or content that has been selectively archived and is no longer active. Content in this archive is NOT UPDATED, and links may not function.Extract from article by Joe Patrice on survey by The Cowen Group
But firms and vendors can’t sleep on these results because even though clients lean toward insourcing to solve most of their pain-point problems, there’s more opportunity than crisis in these numbers for outside counsel and service providers. Overall, work is up — 67 percent of the Fortune 500 reported an uptick in Corporate eDiscovery work, 77 percent of survey respondents hope to increase their usage of AI and advanced analytics over the next 12 months, and two-thirds see their eDiscovery work increasing over the next 6 months. In-house counsel don’t have the resources to pull this off on their own. Ever wary of needless spending, in-house counsel will try to insource through efficiency; 85 percent of respondents don’t intend to add new staff to deal with these problems, presenting a rich opportunity to lawyers capable of guiding clients through this process.
Read the complete article at What Are Your Clients Really Saying About eDiscovery?