While every project is different, there are typical eDiscovery costs you can expect. Cloudficient discusses those and how to reduce them!

In this article by Shelley Bougnague titled (wait for it!) Typical eDiscovery Costs: What To Expect (available here), she discusses how a major factor influencing eDiscovery costs is the volume of data that needs to be collected and processed. But it’s not just the volume – it’s also the complexity of the data, such as the need to extract metadata, handle encrypted files, or manage multiple data formats, which can further increase expenses.

So, how can you reduce eDiscovery costs?

It’s probably no surprise that one of the most effective ways to reduce eDiscovery costs is through data minimization. By limiting the amount of data that needs to be collected and processed, businesses can significantly lower their expenses. This can be achieved by implementing data retention policies that specify how long data should be kept and when it should be deleted. Regularly purging unnecessary data ensures that only relevant information is retained, which reduces the volume of data that must be managed during eDiscovery.

I say: “it’s probably no surprise”, yet many companies aren’t implementing important information governance best practices that lead to data minimization. If more companies did so, we wouldn’t be looking at an estimated 181 zettabytes(!) (181 trillion gigabytes) in the world by next year. Getting your data house in order is the best first step to reducing eDiscovery costs.

So, what are ways to reduce typical eDiscovery costs? Find out here, it’s only one click! Finding out how to reduce costs doesn’t cost a thing! 😉

So, what do you think? Are eDiscovery costs rising in your organization? Please share any comments you might have or if you’d like to know more about a particular topic.

Image created using GPT-4o’s Image Creator Powered by DALL-E, using the term “a robot lawyer with a small dollar sign in between its hands”.

Disclosure: Cloudficient 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.