The average Fortune 500 companies have 125 lawsuits at any given point. The average cost of eDiscovery per lawsuit is now creeping upwards of $3 million.
According to a recent AIIM presentation, Are You Prepared for Digital Disruption 2015 Predictions:
- 47% of organizations feel universal search and compliant eDiscovery is becoming near impossible
- 53% of organizations admit their legal discovery procedures are “ad hoc, manual, disruptive, and expensive”
- 24% of organizations have had a compliance issue around litigation and discovery within the last two years
Not really good news if you happen to be in the midst of a lawsuit.…