This week’s post for IPRO’s blog discusses that time when many organizations work to finalize budgets for their various departments for the upcoming calendar or fiscal year. And that includes the legal department and other related departments to plan their budgets for information governance and eDiscovery expenses for 2022. Yes, it’s budget season!
When it comes to budget season and trends regarding budgets, there’s no better resource for eDiscovery business and budget trends than Rob Robinson’s terrific Complex Discovery site! His quarterly eDiscovery Business Confidence Survey always includes a question regarding the issue that survey respondents “feel will most impact the business of eDiscovery over the next six months” and one of six choices is “Budgetary Constraints”. A year ago (during the height of the COVID-19 pandemic) in the 2020 Fall survey, nearly half of respondents selected Budgetary Constraints as the top factor with 49.4% (which was still over six percent less than the 2020 Summer survey where 56% selected Budgetary Constraints).
However, in the most recent survey – the 2021 Summer survey – the percentage for Budgetary Constraints was a fraction of that. So, what was that percentage and why may the percentage go way back up in the next survey? And what recommendations are there to address budget season in this uncertain business environment? You can find out on IPRO’s blog here. 😉 It’s just one more click! And (sing it!) it’s the Most Financial Time of the Year!
So, what do you think? How does your organization plan for budget season when it comes to information governance and eDiscovery expenses? Please share any comments you might have or if you’d like to know more about a particular topic.
Disclosure: IPRO is an Educational Partner and sponsor of eDiscovery Today
Disclaimer: The views represented herein are exclusively the views of the author, and do not necessarily represent the views held by my employer, my partners or my clients. eDiscovery Today is made available solely for educational purposes to provide general information about general eDiscovery principles and not to provide specific legal advice applicable to any particular circumstance. eDiscovery Today should not be used as a substitute for competent legal advice from a lawyer you have retained and who has agreed to represent you.