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As businesses across the U.S. begin the gradual process of reopening in the wake of COVID-19, we're starting to get a clearer picture of the pandemic's long-term effects on our economy. A lasting economic impact seems increasingly likely and will affect how businesses allocate their resources over the coming months and years.
At law firms and in corporations, attorneys will need to sustain the high quality of work they do in normal times, albeit with reduced budgets. The good news is that with ediscovery — an essential but expensive part of the litigation process — advances in technology since America's last recession have made it possible to save money and time by adopting a more modernized and comprehensive approach. By incorporating these practices now, law firms can prepare themselves for the next economic downturn and for the good times as well.
For any business, a common-sense way to lower costs is to centralize any aspects of your operations that you can — as long as doing so doesn't decrease the quality of the service you provide. Law firms or in-house counsel who contract with multiple ediscovery providers to handle different aspects of the process have an opportunity to save money by using a single provider who handles the process from beginning to end.
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