This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Daegis Offers Cost-Predictability With EDiscovery Calculators

Daegis, a leading provider of eDiscovery solutions, today announced its new Cross-Matter Management Savings and Document Review calculators. Designed by Daegis expert eDiscovery consultants, these free online tools help legal counsel better predict costs and timelines associated with eDiscovery, allowing for more targeted budgeting and greater cost predictability.

According to a recent ALM eDiscovery Market Study, survey respondents overwhelmingly identified review, processing and analysis as the top three most expensive segments of the EDRM. Seventy-five percent identified “review” as among the three highest areas of spend, followed by “processing” (50 percent) and “analysis” (43 percent). A 2011 report by Gartner corroborates these findings. According to Gartner, between 2007 and 2010, eDiscovery costs declined in every EDRM segment except for processing, review and analysis. With over half of the ALM survey respondents claiming to spend more than $100,000 on eDiscovery for each matter, effective budgeting in the areas of processing, review and analysis is a high priority, especially for serial litigants who must allocate budgets across multiple matters.

“One of the greatest challenges faced by in-house and outside counsel alike is the unpredictability of eDiscovery budgets,” said Kurt Jensen, executive vice president of Daegis. “Even as businesses and law firms gain more experience with the eDiscovery process and the technologies and services that enable it, legal teams encounter many inefficiencies when they use a case by case approach. Daegis’ extensive experience building a legal data repository for proactively managing eDiscovery projects where multiple related matters are involved gave us the insight to build these calculators. Our intent is that the increased transparency they bring around costs savings and budget predictability sheds some light on the budgeting issue.”

Daegis’ Document Review Calculator allows clients to input assumptions about project deadlines, the number of reviewers and other factors, in order to forecast the budget and reviewer requirements necessary to complete the review within the target timeframe. The Cross-Matter Management calculator, based on Daegis’ cutting edge Cross-Matter Management methodology, allows users to enter matter and pricing assumptions for both initial and subsequent matters, and then view the resulting financial savings in areas such as collection, processing and review.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

DOW 18,063.23 +22.86 0.13%
S&P 500 2,114.27 +2.54 0.12%
NASDAQ 5,088.67 +5.7410 0.11%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs