Companies don't know where their information lives - ediscovery drives costs up
From CMS Wire today.
It seems companies are confused (and becoming more so) about document storage and management and and this is having a profound impact on their e-discovery capabilities.
The article points to a study from the American College of Trial Lawyers and the Institute for the Advancement of the American Legal System.
Turns out, many companies are still not in the habit of retaining and organizing their documents in a logical structure. In fact, it's so hard to uncover materials related to the legal cases that costs are rising as a result. Out of the 1,400 lawyers surveyed, 87% said that electronic discovery is too costly and driving up the price of litigation.
Companies who want to avoid these rising costs need to work with expert consultants and partners to develop best practice plans and processes.
