Big Data, predictive coding & data reuse among top e-discovery trends in FTI Consulting report
FTI Consulting Inc today announced the results of a study of corporate e-discovery trends conducted by its FTI Technology practice. From predictive coding to the cloud, Fortune 1000 counsel gave their predictions and advice on the future of e-discovery in the fourth annual Advice from Counsel study. A white paper summarizing the study’s findings is available for download HERE whitepaper-2013-advice-from-counsel_FINAL and a complimentary webcast on the results will take place on Wednesday 6 March at 10:00am PT.
“Over the past four years, Advice from Counsel has served as a benchmark on the key e-discovery strategies and tactics for corporate legal teams,” said Mike Kinnaman, a Senior Managing Director in the FTI Technology practice. “This year’s report continues the tradition and provides prescient and practical guidance for corporate counsel in targeting and improving the complex and costly e-discovery process.”
Among the 2013 Advice from Counsel study’s findings and predictions:
• The impact of Big Data on e-discovery requests will be the greatest e-discovery challenge by 2015: 64% of the in-house lawyers participating in the survey noted that the impact of Big Data on e-discovery requests will be the overwhelming challenge for the foreseeable future, followed at 32% by both “social media and data in the cloud” and the “emergence of the ‘bring your own device’ environment becoming a workplace norm.” And 14% believe the ongoing conflict between U.S. e-discovery requirements and data privacy rules overseas will continue to present obstacles to seamless discovery.
• Predictive coding has the biggest potential to improve e-discovery by 2015: 57% of respondents believe that predictive coding will improve e-discovery and be a mainstream tactic by 2015. Many respondents expressed optimism that predictive coding technology can better automate the document review process and dramatically reduce costs.
• Reuse of documents and metadata in e-discovery will become a more commonplace practice: 57% of participants currently reuse coding decisions made on documents for previous matters, and many expressed the opinion that this number is likely to increase among e-discovery practitioners.
• E-discovery practitioners will need new skills: Reflecting expectations that predictive coding will play a greater role in e-discovery, respondents broadened the list of skills helpful for future e-discovery practitioners. While legal and technology aptitude remained high at 83% and 77%, respectively, respondents also listed new, and perhaps surprising, skills — including statistics, accounting, project management and linguistics.
• In-house counsel, outside counsel and service providers will collaborate on e-discovery management: 73% of the respondents expect these three groups to more effectively collaborate on e-discovery tasks in 2015.
“As part of the Advice from Counsel study, I spoke with inside counsel to identify the most important trends that will transform e-discovery in the next decade,” said Ari Kaplan, legal consultant and Principal of Ari Kaplan Advisors. “The candid and practical advice by respondents offers a window into the evolving digital landscape of modern litigation and provides guidance on how their peers can safely and cost-effectively navigate these changes.”
FTI Technology will host a March 6 webcast to discuss the findings with Kaplan and Renee Meisel, Legal Director of Dell Inc. To register for the event, please visit the FTI Technology site.
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