Litigation cost survey reveals 1,000:1 ratio.
According to a December 2010 litigation cost survey, for every single page actually produced during litigation, companies are collecting, reviewing, and preserving 1,000 pages during e-discovery.
The study was conducted by a Civil Justice Reform Group working at the request of the Advisory Committee on Civil Rules, Standing Committee on the Rules of Practice and Procedure, and Judicial Conference of the United States. It's one of the first efforts to compare the costs of pursuing litigation with the utility of the discovery activities.
According to the survey results collected from Fortune 200 companies, in 2008, on average, nearly 5 million pages of documents were produced in discovery in major cases that went to trial--but only 4,772 exhibit pages actually were marked.
The study further concludes that litigation costs are higher in the United States than in other countries, and roughly 60% of U.S. tort costs are involved in conducting the litigation. Only 40% benefits the claimants.
A PDF version of the complete study is available at http://bit.ly/ cLWD6F.
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|Publication:||Information Management Journal|
|Article Type:||Brief article|
|Date:||Mar 1, 2011|
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