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Check out BIA's newest infographic
Legal document review is the most expensive part of the eDiscovery process, comprising 73 percent of all eDiscovery costs, according to a RAND study. However, you can significantly reduce the price tag of document review with a combination of the right people, technology and processes.
This infographic (below) demonstrates key differentiators between the hourly and per-document pricing models, as well as the benefits of leveraging a core team across document review projects.
When deciding how to staff document review, companies with recurring litigation needs should look at more than hourly costs and consider a provider that can assemble a central team for all of their reviews. The infographic looks at two document review staffing models – that of a typical law firm or temporary contractor versus that of an outsourced, dedicated review team – as well as the pricing for each. You’ll find that a centralized, core review team model saves companies and their insurance carriers significant time and money. Additionally, the institutional knowledge that remains with that core team means that they already know and understand the custodians, document types, business practices, communication patterns, privilege issues and more, all of which help increase the efficiency, accuracy and consistency across review processes.
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