In a time when corporations and law firms are seeking innovative ways to cut costs without compromising on risk, a conversation on best practices to reduce discovery costs has been led by Global Advisory Board Chair Ari Kaplan. A legal industry analyst and the principal of Ari Kaplan Advisors, Mr. Kaplan convened a discussion with global advisory board members on the topic – including James Bickley, the managing director at Celeritas Recruiting, and George Socha, the senior vice president of brand awareness at Reveal. This conversation happens in the context of a surge in discovery costs that many are struggling to reign in.
This dialogue was a part of a community initiative by the ACEDS (Association of Certified E-Discovery Specialists). The organization, known for its commitment towards educating and advancing the professionals in the eDiscovery field, coordinated this meeting with the aim of finding viable solutions to a growing issue.
These experts discussed strategies for reducing costs without increasing risk. For example, Socha and Bickley offered an exchange of ideas on issues ranging from the impact of new technologies on discovery costs to the role of effective project management in the process.
The primary focus, however, was not just on mitigating costs but ensuring that risk does not increase as a result of these cost-cutting measures. This two-fold challenge requires careful planning, collaboration, and innovative thinking.
The burgeoning discovery costs have shown that it is not a problem that can be resolved overnight. Much of these discussions are paving the way for future, more long-term strategies that can be developed and expanded upon in the future.
Through expert panels like this one, we can build an understanding of the challenges we face and derive solutions together. As these conversations continue, we can expect strategic changes in the way discovery processes are managed and costs are reduced.
Corporations and law firms facing pressure to reduce discovery costs can learn from the ideas put forth in this discussion. These insights provide a promising way forward in the space of e-discovery and legal expense management.
To view the full summary of this meeting and the strategies proposed by these industry professionals, visit JD Supra.