BY TIM ROLLINS E-Discovery Market Analyst at Exterro
So what are the macro trends in the world of e-discovery? What is the state of the industry economically speaking—and where is it going? How has, and how is, the practice of e-discovery evolving? Surprisingly, it has been difficult to get straight answers to questions like these, because there has not been a comprehensive report on the e-discovery industry. At least not thus far.
Granted, e-discovery is relatively young. It can hardly be thought of as having been an industry in its own right much more than 10 years ago. But the fact of the matter is that e-discovery is comparable to some sectors of business that register much more prominently in popular culture today. At over $9B annually right now, and projected to double in the next five years,the e-discovery industry already challenges gross domestic film receipts and produces more than triple the revenue of NFL ticket sales.
Of course both of those industries have additional considerable revenue streams—through merchandising, television, and advertising of all sorts—but it is safe to say e-discovery does not receive the attention it merits on the basis of its economics. And that holds true in terms of industry reporting on trends, practices, and collective challenges faced as well.
Fortunately, we’ve decided to do something about it.
If you want to dig deep into the state of the e-discovery industry—the business, the practice, the challenges faced, and the technology available—then you have the opportunity. On Wednesday, May 30th, join us for a webcast on The State of E-Discovery 2018 hosted by EDRM at Duke Law. Expert panelists Jonathan Marshall (Navigant), Adam Rubinger (NightOwl Discovery), George Socha (EDRM and BDO Consulting) and Mike Hamilton (Exterro) will discuss:
E-Discovery spend trends and how legal teams are trying to cut e-discovery costs How legal departments are trying to be more efficient and improve their processes How courts are ruling on e-discovery issues and how to maintain e-discovery defensibility We hope to see you there, and we hope you'll download our State of E-Discovery 2018 report when it becomes available next week as well.
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