Having trouble figuring out which eDiscovery solution pricing model is best? Nextpoint has provided an eDiscovery cost calculator!

As they discuss in their post here, understanding cost savings can be challenging when eDiscovery software providers utilize wildly different pricing models, charging per gigabyte, per user, per case, or a mixture of these factors. Nextpoint’s eDiscovery cost calculator (available here) offers an easy solution to comparing software expenses and choosing the option that’s right for your team – and your bottom line.

eDiscovery pricing has traditionally been based on the size of your data: how much data you’re importing, how much data you’re processing, how much data you’re hosting every month, how much data you’re exporting/producing. All of this is typically charged on a per-GB, per-month basis.

But this data-dependent pricing model is faulty and confusing for a couple of reasons (not to mention antiquated). First, it requires you to know how much data you need to review, even before you collect it. Second, data ALWAYS grows over the course of a matter, mainly because data naturally expands during the processing phase (something most vendors don’t mention).

That makes it pretty hard to know how much you’re actually going to spend if you can’t predict how much data you’re going to have.

So, what is another way in which pricing can be handled? And how can you use the eDiscovery cost calculator to determine the best pricing model for you? Find out here, it’s only one click! It’s FREE to see how much eDiscovery could cost for your organization! 🙂

So, what do you think? Are you dealing with rising costs in eDiscovery today? If so, find out how much you could be paying! And please share any comments you might have or if you’d like to know more about a particular topic.

Disclosure: Nextpoint is an Educational Partner and sponsor of eDiscovery Today

Disclaimer: The views represented herein are exclusively the views of the authors and speakers themselves, 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.