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eDiscovery Infographic
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Electronic discovery, or e-discovery, refers to any process in which electronically stored information (ESI) is identified, preserved, collected for the intent of using it as evidence in a lawsuit, investigation, or audit. The pervasive use of electronic information has resulted in a spectrum of legal rules regarding the retention and production of that information. Being proactive in your discovery process will reduce cost and risk, and increase control over those processes. Companies that ignore the importance of e-discovery risk damage to professional and personal reputations, an issue that should be acknowledged by everyone from corporate legal teams to IT exectutives to CFOs. The only way to protect your company - and peace of mind - is to adopt a proactive approach to e-discovery. SOURCES: Fulbright 7th Litigation Annual Trends Report Kazeon Whitepaper “Proactive and Reactive e-Discovery” EMC Proprietary Data htttp://www.edrm.net What Is E-Discovery? ? The E-Discovery Reference Model Main Drivers of e-Discovery Benefits of Proactive Approach Putting It in Perspective INFORMATION MANAGEMENT IDENTIFICATION PRESERVATION COLLECTION PROCESING REVIEW ANALYSIS PRODUCTION PRESENTATION Ensure your ESI is in order from initial creation through final disposition. Locate potential sources of ESI and determine their scope, breadth and depth. Ensure that ESI is protected against inappropriate alteration or destruction. Reduce and evaluate ESI for relevance, privilege, and context. Deliver ESI to others in appropriate formats. Display ESI before audiences (at depositions, hearings, trials, etc.). Internal Investigations Regulatory Compliance Litigation Costs of Reactive Approach vs. Proactive Approach Chart below represents the estimated cost for a sample incident. Send less data for processing Use fewer services Reduce Cost Less distribution of data Greater consistency Reduce Risk More control over processes More control over data Exercise Control A PROACTIVE APPROACH TO E-DISCOVERY IN YOUR ORGANIZATION COULD SAVE 63% IN TOTAL COSTS. REACTIVE PROACTIVE COLLECTION HOLD PRODUCE INSPECT/REVIEW Almost half of the largest companies turned to outside counsel for assistance with government or regulatory investigations. of companies had at least one regulatory proceeding within the last year. of U.S. companies and half of the UK companies spent $1 million or more on litigation last year. of companies face litigation Self-initiated internal investigations jumped from one-third of public companies in 2009 to more than half this year. More than 40% of US and UK companies proactively launched at least one internal investigation on their own in 2009. $63K $60K $420K $300K $525K $368K $255K $64K $ $ In 2011, organizations in North America spent nearly $5 billion on e-discovery technologies. Almost 40% of companies with annual revenues over $1B, spend $5M or more on annual litigation expenses. Nearly 30% of large companies report 6-20 new lawsuits against them annually. 43% of organizations cited financial exposure as a reason for E-Discovery concerns. 37% 89% 55% WHY YOU NEED A PROACTIVE APPROACH TO E-DISCOVERY 001010110100 010111101010 001010110100 010111101010 001010110100
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eDiscovery Infographic
Transcript of eDiscovery Infographic
Electronic discovery, or e-discovery, refers to any process in which electronically stored information (ESI) is identified, preserved, collected for the intent of using it as evidence in a lawsuit, investigation, or audit.
The pervasive use of electronic information has resulted in a spectrum of legal rules regarding the retention and production of that information. Being proactive in your discovery process will reduce cost and risk, and increase control over those processes.
Companies that ignore the importance of e-discovery risk damage to professional and personal reputations, an issue thatshould be acknowledged by everyone from corporate legal teams to IT exectutives to CFOs. The only way to protect your
company - and peace of mind - is to adopt a proactive approach to e-discovery.
SOURCES:Fulbright 7th Litigation Annual Trends ReportKazeon Whitepaper “Proactive and Reactive e-Discovery”EMC Proprietary Datahtttp://www.edrm.net
What Is E-Discovery? ?
The E-Discovery Reference Model
Main Drivers of e-Discovery
Benefits of Proactive Approach
Putting It in Perspective
INFORMATION MANAGEMENT
IDENTIFICATION
PRESERVATION
COLLECTION
PROCESING
REVIEW
ANALYSIS
PRODUCTION PRESENTATION
Ensure your ESI is in order from initial
creation through final disposition.
Locate potential sources of ESI and
determine their scope, breadth and depth.
Ensure that ESI is protected against
inappropriate alteration or destruction.
Reduce and evaluate ESI for relevance,
privilege, and context.
Deliver ESI to others in appropriate
formats.
Display ESI before audiences
(at depositions, hearings, trials, etc.).
Internal InvestigationsRegulatory Compliance Litigation
Costs of Reactive Approach vs. Proactive Approach Chart below represents the estimated cost for a sample incident.
Send less data for processingUse fewer services
Reduce CostLess distribution of dataGreater consistency
Reduce RiskMore control over processesMore control over data
Exercise Control
A PROACTIVE APPROACH TO E-DISCOVERY IN YOUR ORGANIZATION COULDSAVE 63% IN TOTAL COSTS.
REACTIVE
PROACTIVE
COLLECTION HOLD PRODUCEINSPECT/REVIEW
Almost half of the largest companies turned to outside counsel for assistance with government or regulatory investigations.
of companies had at least one regulatory proceeding within the last year.
of U.S. companies and half of the UK companies spent $1 million or more on litigation last year.
of companies face litigation
Self-initiated internal investigations jumped from one-third of public companies in 2009 to more than half this year.
More than 40% of US and UK companies proactively launched at least one internal investigation on their own in 2009.
$63K$60K
$420K $300K $525K
$368K
$255K
$64K
$$In 2011, organizations in North America spent nearly $5 billion on e-discovery technologies.
Almost 40% of companies with annual revenues over $1B, spend $5M or more on annual litigation expenses.
Nearly 30% of large companies report 6-20 new lawsuits against them annually.
43% of organizations cited financial exposure as a reason for E-Discovery concerns.
37% 89%
55%
WHY YOU NEED A PROACTIVE APPROACH TO E-DISCOVERY
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