Daegis offers cost-predictability with eDiscovery calculators
Daegis, a provider of eDiscovery solutions, has announced its new Cross-Matter Management Savings and Document Review calculators. Designed by Daegis expert eDiscovery consultants, these free online tools help legal counsel better predict costs and timelines associated with eDiscovery, allowing for more targeted budgeting and greater cost predictability.
According to a recent study, respondents overwhelmingly identified review, processing and analysis as the top three most expensive segments of the EDRM. In the survey 75% identified review as among the three highest areas of spend, followed by processing (50%) and analysis (43%). A 2011 report by Gartner corroborates these findings. According to Gartner, between 2007 and 2010, eDiscovery costs declined in every EDRM segment except for processing, review and analysis. With over half of the latest survey respondents claiming to spend more than $100,000 on eDiscovery for each matter, effective budgeting in the areas of processing, review and analysis is a high priority, especially for serial litigants who must allocate budgets across multiple matters.