Kroll Ontrack Presents Products to Control the Rising Costs of EDiscovery

November 11, 2013

The Minneapolis/St. Paul Business Journal reports on the cost of litigation in the article titled How Much Will the Next Lawsuit Cost? Kroll Ontrack Tech Can Tell You. The product line recently released by Kroll aims to keep legal defense budgets under control as Big Data drives them upward. The products emphasize a repeatable approach to ediscovery, as opposed to the standard treatment of every project as new.

The article explains:

“For instance, an analysis may reveal that a business’ chief product officer kept every memo received since 1985, driving up the cost of data mining. The company could then encourage the officer to shred paper more often, reducing legal costs going forward. Analyzing the cost of past cases makes it easier to predict future legal costs, Hager said. “You can budget for litigation the same way you budget to close financial books or the same way you budget for payroll.”

Some of the products include Ediscovery for Portfolio Management, which turns the management of ediscovery findings as a portfolio, a collaboration rather than individual projects, Ediscovery.com Review, which allows for wide-ranging control over data and costs, and Ediscovery.com Collect, a product made to help manage time and cost in the collection of ediscovery data.

Chelsea Kerwin, November 11, 2013

Sponsored by ArnoldIT.com, developer of Augmentext

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