Pricing
This activity has traditionally accounted for the largest cost category in a full-scale eDiscovery project.
What is Document Review or Managed Review?
The cloud-based version of the most commonly used document review tool for large scale e-discovery.
What is RelOne?
enables an organization to harmonize their law firms’ approach to discovery across matters enabling consistency and lowering costs
What is a cross-matter discovery strategy?
This delivery model is used most frequently for larger and more complex matters, and typically priced on a pre-negotiated rate card.
What is Event Response?
This advanced technology is capable of greatly reducing both the amount of time and cost of document review.
What is Advanced Analytics, Technology Assisted Review (Brainspace, CAL, CAML, etc.), or Artificial Intelligence?
The approach to document review in which artificial intelligence leverages human decisions on a subset of documents to “predict” the decisions on unreviewed documents, decreasing the cost and increasing the accuracy of human review alone.
What is predictive coding / TAR?
Enables organizations to respond to litigation and regulatory events internally through documented processes and consistent scope mitigating risk and substantiating process-based defenses to potential allegations of spoliation
What is an eDiscovery Playbook?
This delivery model works well for business-as-usual matters, and given the pricing model relies on data volume to drive economies of scale.
What is Outsourced?
The practice of billing on this data size during data processing can increase costs significantly, upwards to 3.5x.
What is expanded or uncompressed?
This is needed according to the Rand Institute for Civil Justice, to reduce an e-discovery bill by 10%. (And a 14% increase in review efficiency is going from 60 documents reviewed per hour to 64.
What is reduce cost of technology by 52% or increase review efficiency by 14%?
A cross functional group of stakeholders within an organization across legal, IT, business units, HR and others to plan and prepare for consistent and defensible responses to litigation and regulatory events
What is an eDiscovery Committee?
This delivery model leverages advances in cloud technology, and is most viable for organizations with in-house technical expertise and Legal resource bandwidth.
What is Owned and Operated?
These types of fees are often undisclosed or concealed in fine print and almost always result in an unexpected invoice amount.
What are hidden fees (processed data storage, processing project management, etc.)?
The ratio of duplicated content in document review because of email threads
What is 1/3 of email reviewed
The objective data points and measures to help a legal department determine whether an eDiscovery strategy is effective in meeting strategic goals
What are KPIs and metrics?
This delivery model is a combination of do-it-yourself and partner provided services to fill technology and skill gaps.
What is Hybrid?
The three key factors relied upon for making an eDiscovery business decision; speed, quality, and cost are often translated as fast, good, and _______.
What is cheap or affordable?
The difference between the technology and features available in e-discovery technology and the actual features and functionality that is used
What is the consumption gap?
The value of all of the work from one eDiscovery project (identification of privileged documents, enumeration of attorneys, identification of documents key to other matters, etc) that could be leveraged in future projects through a robust eDiscovery program that seeks to maximize the learning from each matter to leverage in future matters in order to lower costs, increase efficiency and mitigate risk.
What is invested Discovery Capital?
Less of a delivery model, this arrangement establishes approved providers and rates for future eDiscovery needs.
What is Preferred Provider?