Why Businesses have an Increasing Need for E-DiscoveryBradley Rice | June 15, 2017 | 0 | Advertising and Marketing
The overreliance on electronic devices means that people have most of their information on these appliances. It is why e-discovery has become fundamental in the litigation process. E-discovery refers to the identification, collection, analysis and preservation of electronic data during a legal case. Corporations always have the risk of civil litigation looming, making it crucial to have e-discovery capabilities. Businesses pay third party electronic discovery experts such as CDSlegal when in need of the services. E-discovery firms have professionals and resources that facilitate electronic discovery processes, but what else motivates a company to invest in these services? Why is there a high demand for e-discovery?
Dominance of Electronic Use
A majority of cases nowadays, civil or not, involve some element of electronic discovery. Whether it’s an accusation of breach of contract, work injury or even divorce, litigators will always turn to e-discovery. Companies in the modern age spend as much time online as individuals, perhaps even more. In an effort to keep up with changing technology, organisations put copious amounts of information in electronic devices. If an enterprise wants to prove ownership of intellectual property, for instance, e-discovery is a great way to do it. Through email communications, online registration forms and even personal diaries, you can trace back the origin of an idea.
Get Answers Faster
Litigation processes can be tedious, especially when you can’t get the information required. Electronic discovery is changing that by providing data that may otherwise be hard to obtain. An agency like CDSlegal can help a company find what it’s looking for without wasting too much time. Trying to narrow down relevant information from a multitude of paper documents is time-consuming. Electronic devices make it less challenging to extract data and analyse it.
It is not uncommon to see a corporation struggling at the last minute trying to find the information requested by litigators or regulatory bodies. Electronic discovery is paramount in increasing the preparedness of an organisation. For example, when a company is dealing with M&A-related inquiries from the FTC, e-discovery can come in handy. An entity that is prepared when asked for its electronic paper trail can avoid huge legal, reputational and financial consequences. The e-discovery capabilities of most companies extend to e-mail content only, and that may not be very useful in certain legal situations. Corporations can implement policies that improve data management, which takes the hassle out of e-discovery.
The discovery process can be very expensive. Imagine collecting and processing paper documents for your company for the last five or ten years. E-discovery is extremely cost efficient because professionals like those from CDS LEgal can sift through the relevant data and discard what is not needed. When you only have to present 5 gigabytes of data instead of 7, then it means you pay less for the processing and review. If your lawyer is charging by the hour, then you can understand why it’s crucial to present only relevant data.
Requests for electronically stored information are part of many legal proceedings, including accreditation. Implementing a robust electronic discovery program in your enterprise is one way to ensure compliance with mandatory requests. Regardless of why you need e-discovery solutions, always find a company that has your security in mind. An e-discovery firm with an ISO security certificate gives you assurances that your data is safe, which is a priority, considering the sensitive information that businesses handle.