A year after the Federal Rules of Civil Procedure e-discovery overhaul, a pair of corporate studies has concluded that fewer than half of U.S. companies have a clear strategy for managing electronically stored information and only a fraction of information technology managers have addressed the issue.
According to a new study by electronic discovery software and consulting company Kroll Ontrack Inc., only 43% percent of U.S. companies have a clear strategy for managing electronically stored information. Results from in-house lawyers in the U.S. also reveal that only 25% felt fully informed about relevant case law and regulations, 43% have a “good understanding” of applicable laws but could use more information and 31% reported either low to little understanding or hadn’t heard of electronically stored information.
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