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We’ll look sequentially at each key benefit, delving into the details, and backing up each point with some data.
Many legal teams are under pressure to get more done with the same (or fewer) resources, making this one of the most pertinent benefits.
Rather than conducting a completely exhaustive manual review, advanced eDiscovery technologies can help reduce your caseload and get to the relevant documents faster.
eDiscovery costs continue to skyrocket year on year due to the exponential growth of data volumes and formats.
Without adequate technology to streamline and automate eDiscovery, it can be alarmingly easy for these costs to spiral out of control.
70% of eDiscovery costs are tied to document review.
This means that by making the review process faster and more efficient, with less need for human input, eDiscovery automation can unlock significant cost savings.
A report as far back as 2015 found that, for a relevance-based review of 90,000 documents, the cost of Technology Assisted Review was over $57,000 (or £42,000 GBP) less than manual review.
Many parts of the litigation process require long hours of repetitive work.
Unfortunately, this increases the likelihood of error — and the consequences of such errors can be serious.
Automation improves the accuracy of collection and review processes by understanding the logic behind certain coding or grouping decisions and replicating them at scale.
A study from the Richmond Journal of Law and Technology demonstrated the impact of automation in reducing manual error, with significant results.
In the study, two control groups — one using Technology Assisted Review and one using completely manual review methods — reviewed a dataset against the same standards.
The group that automated part of the process with eDiscovery technology was significantly more precise than the manual review group, who reportedly missed between 20% and 75% of all relevant documents.
The study attributed the majority of these missed documents to “inarguable error” rather than subjective opinions on relevance.
Now that you know the core benefits of eDiscovery automation and the impact it can make for your team, why not learn about some of the technologies we use at Altlaw?