To kick off the start of each new year, the legal industry anoints a hot trend at the annual Legaltech New York conference. In 2013, Big Data took center stage. In 2014, the talk of the show was advanced analytics and technology assisted review (apparently its time had come). Information governance stole the show in 2015. In fact, all of these trends complement each other and show a consensus in the industry that we need a better way to deal with the dramatic growth of data and the increasing cost pressures it adds to litigation.
The data proliferation is undeniably overwhelming today’s litigation teams, while at times having an adverse impact on the overall outcome of cases. Large data volumes are cited for driving up discovery costs, creating excruciating delays and increasing the chances for human errors. Our industry has evolved over the years to meet this ever-increasing demand, and adopted complicated and disconnected workflows along the way. To collect, process, analyze, review and produce data, litigation teams have been forced to use disjointed and mostly manual systems creating an impossible workflow.
