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The price of deploying the biggest and most expensive e-discovery software now runs up against clients seeking the best outcomes while minimizing costs. In this decade alone, technology experts forecast a 50-fold increase in the size of the digital information universe between 2010 and 2020. The temptation to throw money at an ESI tsunami may be a tempting course. Clients’ increasing attention to budgets makes it untenable to throw technology at the problem without regard to cost, however.
Already, broad industry forecasts project that e-discovery spending, estimated at $8.25 billion in 2016, will rise about 13.5 percent annually through 2020, to about $13.6 billon. Software spending alone totaled $2.2 billion last year and is forecast to grow about 14.5 percent annually, reaching about $3.9 billion by 2020.
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With digital evidence critical in so many family law proceedings, and with deepfake technology becoming easier for anyone to access, it’s a given that this form of advanced digital trickery is something family law attorneys must be prepared to confront.
It’s clear these newer entrants to the legal tech space are not afraid of embracing AI in order to drive efficiency and growth, particularly when that means that they can cut costs by bringing legal work in house.
The marketplace or talent platform model has reshaped how we live and work—including now, legal. But despite the increasing popularity of highly skilled talent platforms, many organizations don’t yet have an effective strategy for working with them.
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From TransPerfect Legal Solutions
Discover three techniques, with associated case studies, that you can use to enhance standard Technology-Assisted Review (TAR) workflows to achieve significant efficiencies.
From Conduent
As AI becomes more seamlessly integrated into various aspects of eDiscovery, learn how your organization/firm can gain huge bottom-line benefits and supercharge your eDiscovery process.
From LEAP Legal Software
Learn how to start boosting your conversion rates by 10% - 20% almost immediately and generate new revenue by implementing these four strategies.
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02/22/2021
NJLJ Web
Schenk Price is pleased to announce that Jason A. Rubin has been named a partner in the firm
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02/22/2021
NYLJ Web
AARONSON RAPPAPORT FEINSTEIN & DEUTSCH, LLP IS PLEASED TO ANNOUNCE MARGOT P. WEISBERG HAS BECOME A MEMBER IN THE FIRM
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02/22/2021
NJLJ Web
We are please to welcome five attorneys to the firm's growing roster of high-profile attorneys as partners
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