According to a recent survey, 71% of companies report spending more than $1M on litigation excluding costs of settlement and judgments (up from 53% in 2012). Also, the average large company spends on average $2.5 million a year on e-discovery preservation efforts.
Stats like these help to highlight the increasing cost burden organizations bear as a result of exponentially rising data volumes and continued reliance on inefficient e-discovery practices. The infographic reviews recent studies and surveys to help make sense of where specifically e-discovery expenses are coming from and the areas that can be streamlined to reduce costs.
You will learn:
- The relationship between company size and e-discovery expenditures
- The types of matters organizations most frequently encounter
- Specific factors that are driving increased e-discovery preservation costs
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