Analysts estimate that corporations spend more than $10 billion annually to review electronic data produced in discovery. With current daily email traffic at 100 billion emails and growing, these costs stand to increase over time. Astute corporations and their counsel now leverage technology to cut discovery review costs by 50% or more.
The total cost of any given review comes down to a simple equation:
Hourly Rate x Number Of Hours = Cost Of Attorney Review.
Hourly rates are a function of which providers the corporation has selected, which this paper treats as a constant. This means that the primary opportunity for reducing costs lies in reducing the number of hours spent on the review. For the vast majority of cases, improving the efficiency of the linear review process provides the biggest opportunity for cost reduction. For the small subset of a corporation's cases that involve data sets of more than 250 gigabytes, specialized tools can be effective in reducing and organizing documents prior to the commencement of the review, generating a positive return on investment.
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