It is widely accepted that the eDiscovery portion of trial preparation is by far the most costly. This is due to several factors, the most notable being the cost of hosting huge quantities of ESI (electronically stored information) in a safe and secure environment for processing, and the fee-earner time required to review said hosted data.
Now we know these costs are unavoidable, you will always need to host data securely and always have to spend time reviewing this data. What is avoidable, however, are the further costs incurred due to inefficiencies within your system. Today we will be looking at 4 ways you can save money on your eDiscovery projects and why these methods provide results.
Outsource to expert providers
One of the biggest efficiencies you can capitalise on when it comes to your eDiscovery processes is ensuring expert support and advice throughout your project. Why spend time designing workflows, getting to grips with complex technology or, we shudder to think, just doing it the old-fashioned way, when you can have tailored solutions crafted by the best minds in the business?
Expert providers do come with a larger initial cost - you need to access their platforms and services and, if they're good at what they do, it probably isn't cheap. However, utilising expert help can massively reduce the run-time of your project, ensure your data is kept in the most secure facilities available and help mitigate internal and external factors that could delay your project and subsequently increase your costs.
Reducing the run-time of your project by utilising the latest technologies supplied by providers etc. is the most effective way to minimise project costs. A shorter run-time results in fewer hosting and man-hours required. As these are the largest contributing factors to your bills, you can spare a good chunk of your budget AND have your project completed in a timely manner, all to your client's benefit.
Utilising expert providers also ensures your data is stored in the most secure platforms available. This helps eliminate worries surrounding data breaches and the repercussions of data being tampered with which can be incredibly costly in terms of GDPR and court reputability.
