Wednesday, March 6, 2013
As eDiscovery matters increase in complexity, so does the value of real-time information. This entry is part of our ongoing series on the ways to leverage eDiscovery Lifecycle Tracking and Document Review Metrics to gain control over discovery.
Counsel can use statistical analysis to make a more informed decision about whether to pursue or settle the matter and, in the case of settlement, avoid the need for additional collection, processing, and review. A quick settlement can result in enormous savings, and reduced risk, as counsel will not continue to litigate only to later determine that the case may not be defensible or may be too expensive to carry through to trial.
Throughout the course of the matter, a consistent flow of accurate information allows legal teams to predict and explain to executives what is happening. Counsel can monitor the number of custodians, the amount of data that has been reviewed and that remains for review, and the estimated date of completion for various segments of the project, allowing for a good estimation of budget and timelines.
With a continual stream of data at their fingertips, counsel can make adjustments on the fly—before it is too late to correct the course—if a case appears to be running ahead of budget or behind schedule or if new case facts become evident. Information gives them the power to determine whether their initial case strategy is working or whether they might need to reconsider it.
For more insight into the power of information, please click here to download the Advanced Discovery white paper, Top 10 Advantages of Discovery Tracking in Real Time.