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Accounting and Financial Planning for Law FirmsFeaturesLaw Firm FinancialsLaw Firm ManagementLitigation

Litigation Support, E-discovery and the Recovery of Costs

By Nathan Curtis
September 01, 2019

Discoverable data volumes have grown exponentially and continue to do so at break-neck speed — industry forecasts predict electronically stored information (ESI) will see a five-fold growth in the short amount of time between now and 2020 alone. This is, of course, the driving factor as to why enterprises across verticals are spending more on e-discovery: an aggregated view of publicly available data projects values the industry currently at $10.1 billion and tracks the trend to nearly double in the next three years to each almost $19 billion.

For law firms, this pace of exponential growth is a substantial problem — mainly due to the fact that the law firm business model of processing, hosting and storing this avalanche of client data, however, has not evolved as quickly as the data itself.

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