Cisco, Clearwell Team for
E-Discovery 2.0 Tools"> This year alone, analysts say, enterprises will spend a projected $12 billion on e-discovery tools and associated legal services. "ESG research indicates that three out of four electronic discovery events involve e-mail," Babineau said. "If an organization is going to make investments in technology to make electronic discovery processes more efficient, e-mail is a great place to start. Files are not far behind as far as frequency of requests. It is for these reasons why Clearwells solution is gaining traction in the marketplace."
Read more here about Verifichis compliance management platform.A driving force in the e-discovery realm is the amended
Federal Rules of Civil Procedure. Another key driver is the current power shift from law firms to in-house counsels, Hilaly said. Corporate general counsels are no longer willing to be beholden to their firm and bear out of control coststhey are demanding to now "own" the e-discovery process in house, he said.
"Previously, all this e-discovery legal work was sent to outside service providers, and those can be expensive," Hilaly said.
"In the legal world, E-Discovery 2.0 has had every bit as big an impact on enterprises as Web 2.0 has had on the life of teenagers. Enterprises are seeking E-Discovery 2.0 solutions that provide digital archiving, analysis-driven review, ease-of-use, and [that] embrace open standards, in order to rein in rapidly growing legal expenses," Hilaly said.
Only five years ago there were very few e-discovery products available, forcing large enterprises to build their own in-house tools. There are now "a number of products out on the market that are better, cheaper, faster," Neal Rubin, director of litigation for Cisco, told eWEEK.
"Clearwell is one example of that, where we now feel they have tools that allow us to improve on processes that we were pretty proud of already," Rubin said.
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Read more here about Verifichis compliance management platform.