Tuesday, November 13, 2012

Ten Positive Signs of Life for the E-Discovery Document

In the last year, a major law firm has been slapped with a lawsuit for sloppy document review work by their legal process outsourcing company. A state court has approved the use of predictive coding for electronic discovery. In addition, a U.S. District Court has affirmed a magistrate judge's order to employ predictive coding for the large amount of documents to be analyzed during discovery.
In sum, one might perceive the news report as rather gloomy for the e-discovery document review industry. Nevertheless, business is booming and there are a lot of reasons to celebrate.
Following (not in any order) are ten positive signs of life
1. QuisLex, a player in the legal process outsourcing industry, announced the opening of a brand new 25,000 square foot execution center in Hyderabad, India. This new office is an addition to their existing locations in U.S. and India. QuisLex declares that the expansion is in response to increasing client demand.
2. According to TechNavio, the legal process outsourcing market in India will grow at a Compound Annual Growth Rate (CAGR) of 27.7% in the period 2010-2014. It is determined that a driving force behind the market growth is favorable government policies.
3. Tower Legal Solutions, a legal staffing and managed review company based in New York City, recently announced the addition of its 10,000 square foot cutting edge document review center in Charlotte, South Carolina. In addition to accommodating 300 document reviewers, the new facility will house Tower Legal's internal staff.
4. A leading e-discovery solutions company, DW Legal, expanded its Chicago document review facilities last month to add 15,000 square feet of space. The increased space enables DW Legal to employ additional attorneys and support staff for document review projects.
5. Excelerate Discovery, one of the top providers of electronic discovery services, announced the introduction of Japanese Language Document Review Services as part of its portfolio of services.
6. Gallivan, Gallivan and O'Melia (GGO, LLC), who has been a leader for 10 years in providing e-discovery solutions, recently announced the expansion of its UK facilities. Growing demands for e-discovery services and hosted document review fueled the growth as GGO's projects and volume of data doubled within one year of opening its London operation in 2011.
7. Last month, UnitedLex announced that it projects to close its financial year with $45 million in revenue - a growth of 80% over last year.
8. IBISWorld forecasts that the law firms industry, which is now worth $281 billion, will grow by 2.8% per year to 2016.
9. SochaGelbmann Surveys reports the e-discovery industry grew at a CAGR of 34.4% from 2002 to 2010.
10. Across the globe, legal process outsourcing is expected to grow to a $1.3 billion market by 2015. The LPO industry in India is expected to employ 18,000 professionals and post an annual revenue of $960 million by the end of 2015.
Additional positive signs of life may be found in Israel, where new companies such as Legal Writing Services and Exact Legal Review are offering an outsourcing alternative to India. Israel possesses a large pool of English speaking, U.S. educated and U.S. licensed attorneys who can provide U.S. quality legal work at offshore prices.

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