The 3rd Annual Study of Effective Legal Spend Management evaluates the prevalence and effectiveness of five methods used to manage e-discovery spend
PORTLAND, Ore., May 14, 2019 – Exterro® Inc., the preferred provider of software specifically designed for in-house legal and IT teams, along with the Blickstein Group, today announced the release of the 3rd Annual Blickstein Group/Exterro Study of Effective Legal Spend Management: An In-Depth Look at E-Discovery. The study has been designed to understand how corporate legal professionals are managing litigation, and specifically e-discovery, spend. Sixty-nine respondents answered questions on current e-discovery spend, projected future e-discovery spend, budgeting, and effectiveness in controlling costs.
“The results of this year’s Effective Legal Spend Management: An In-Depth Look at E-Discovery study shows that bringing e-discovery house is one of the most effective ways of managing spend. As Exterro clients have experienced, bringing more e-discovery work in-house will not only reduce overall spend, but also will provide organizations more insights and efficiencies into their entire e-discovery process,” said Bill Piwonka, CMO at Exterro.
The report shows that reducing e-discovery spend continues to be a priority for most law departments, with 72.5% of respondents saying it is a major initiative for their legal department in 2019. When looking at the effectiveness of various initiatives in controlling e-discovery spend, the most effective are bringing more of the process in house and using e-discovery technology with 94% of respondents who employ these strategies finding them effective.
"It's clear that the results of this year's study that law departments are getting pretty good at managing their e-discovery costs despite increasing data volumes. They identified five different strategies that, when employed, are viewed as effective by at least 89% of the respondents," said Brad Blickstein, Principal at the Blickstein Group.
The survey was completed in the spring of 2019 by sixty-nine in-house legal professionals from a variety of industries and organization sizes. Download the full report here.
Exterro®, Inc. is the leading provider of e-discovery and information governance software specifically designed for in-house legal, privacy and IT teams at Global 2000 and Am Law 200 organizations. Built on a simple concept of process optimization, Exterro helps organizations address their regulatory, compliance, and litigation risks more effectively and at lower costs. For more information, visit exterro.com.
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