Big Data, Predictive Coding and Data Reuse among Top E-discovery Trends in FTI
Consulting Study of Fortune 1000 Counsel
Fourth Annual Advice from Counsel Study Shares Predictions on the Future of
WEST PALM BEACH, Fla., March 5, 2013
WEST PALM BEACH, Fla., March 5, 2013 /PRNewswire/ -- FTI Consulting, Inc.
(NYSE: FCN), the global business advisory firm dedicated to helping
organizations protect and enhance their enterprise value, 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 report summarizing the study's findings is
available for download from FTI Technology, and a complimentary webcast on the
results will take place on Wednesday, March 6, at 10 a.m. 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:
oThe impact of Big Data on e-discovery requests will be the greatest
e-discovery challenge by 2015: Sixty-four percent 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 percent by both "social media and data
in the cloud" and the "emergence of the 'bring your own device'
environment becoming a workplace norm." A notable 14 percent believe the
ongoing conflict between U.S. e-discovery requirements and data privacy
rules overseas will continue to present obstacles to seamless discovery.
oPredictive coding has the biggest potential to improve e-discovery by
2015: Fifty-seven percent 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.
oReuse of documents and metadata in e-discovery will become a more
commonplace practice: Fifty-seven percent 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
oE-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
percent and 77 percent, respectively, respondents also listed new, and
perhaps surprising, skills — including statistics, accounting, project
management and linguistics.
oIn-house counsel, outside counsel and service providers will collaborate
on e-discovery management: Seventy-three percent of the respondents expect
these three groups to more effectively collaborate on e-discovery tasks in
"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.
For more information on FTI Technology, please visit www.ftitechnology.com.
About the Advice from Counsel Study
For the past four years, FTI Technology has partnered with Ari Kaplan Advisors
to publish the annual Advice from Counsel study, a quantitative and
qualitative view into e-discovery best practices for corporate counsel. The
study is conducted by phone interviews of 30 in-house legal professionals with
responsibilities that include e-discovery. All participants are from Fortune
1000 corporations, and interviews are conducted under condition of anonymity.
A full copy of the 2013 report is available for download at the FTI Technology
About FTI Consulting
FTI Consulting, Inc. is a global business advisory firm dedicated to helping
organizations protect and enhance enterprise value in an increasingly complex
legal, regulatory and economic environment. With 3,915 employees located in 24
countries, FTI Consulting professionals work closely with clients to
anticipate, illuminate and overcome complex business challenges in areas such
as investigations, litigation, mergers and acquisitions, regulatory issues,
reputation management, strategic communications and restructuring. The Company
generated $1.58 billion in revenues during fiscal year 2012. More information
can be found at www.fticonsulting.com.
SOURCE FTI Consulting
Contact: Kate Holmes, +1-206-373-6521, email@example.com
Press spacebar to pause and continue. Press esc to stop.