"By selecting the right technology for eDiscovery and tying that to an information lifecycle management strategy, you can save your company a ton of money and your IT department a ton of time. Move from a tactical, ad hoc and last-minute response to eDiscovery to a strategic, uniform and proactive approach to information management to position your company to meet legal and regulatory challenges now and in the future."
Corporate and Government Legal Departments are increasingly being placed under pressure to reduce their operational budget. At the same time, many Legal Departments are facing rising litigation activity, forcing organizations to look for ways to do more with less. eDiscovery or eDisclosure has emerged as an area where many organizations are examining their processes and IT systems to determine how costs can be reduced in the short and long term and to find ways of making budgeting more predictable.
Litigation readiness reduces risks associated to the volume, organization and legal hold of Electronically Stored Information (ESI). It can prevent significant, unexpected and unplanned costs. Because eDiscovery costs are highly correlated with the volume of ESI that must be examined, the greatest impact Litigation Readiness can have is in curbing the uncontrolled growth of content many organizations experience when they do not disposition content. Additionally, Litigation Readiness policies and systems ensure organizations can balance the need for disposition with the requirement and risks associated to the legal hold of ESI once litigation is expected.
A litigation readiness solution can be achieved through a comprehensive records, retention, disposition and legal hold management strategy, built using key enterprise content management components that address content lifecycle management (including content held in Microsoft SharePoint environments), records management, and email management.
More organizations are creating cross-functional eDiscovery teams to in-source and automate activities that were commonly sourced to Outside Counsel or third-party vendors. By developing sound, repeatable processes and working with Litigation Support applications, organizations are lowering both the risks and costs that were assumed to go along with eDiscovery. Key areas where savings can be found is the defensible collection, preservation, culling and processing of ESI prior to it being sent for review. Each step reduces the content that must be reviewed, and where it makes sense, some organizations are also hosting and performing review. Additionally, based on search-in-place capabilities, Litigation Support applications enables enterprises to quickly and accurately explore data before collection and preservation, which provides a unique and powerful method to assess the key custodians, keywords, potential costs and the merits of a proceeding far earlier than what has previously been possible.
Open Text's eDiscovery products are:
Open Text eDiscovery Early Case Assessment powered by Recommind enables enterprises to quickly and accurately explore data where it resides, before collection and preservation providing a unique and powerful method to assess the merits of a proceeding far earlier than what was previously possible.