FTI Technology will be out in force at LegalTech, as you would expect from a company whose range of products and services cover the full range of eDiscovery problems and solutions.
They commissioned an IDC survey which was published in 2009 and whose findings included the following:
- Multinational litigation is growing more common. Close to 70% of panelists indicated that their companies are involved in legal matters with multinational requirements.
- Most large matters take more than two years to resolve. 64% of respondents said their largest matter took over two years to resolve, and 35% indicated that their largest matter lasted for more than five years.
- Data collection volumes are growing. The proportion of panelists whose average ESI collection per matter was larger than 2.5TB increased 18 points from 19% of panelists in the 2008 study to 37% of panelists in the 2009 study.
- E-discovery budgets are flat or decreasing. 36% of respondents said their budgets were flat and 42% said their e-discovery budgets were declining.
If none of this is surprising, it is helpful to have it backed by some statistics.
FTI’s web site is designed to emphasise the continuity which its range enables, with well-known names like RingTail Legal and Attenex absorbed into the continuum of data-handling whilst retaining their own strong identity. They were joined during 2009 by RingTail QuickCull which I saw on its launch at ILTA and which does what it says on the tin – culls data quickly.
FTI’s LegalTech press release is here and includes a link to the IDC survey.
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