eDiscovery PreparednessWhitepaper: Aberdeen Group: Leveraging eDiscovery in Litigation. Read More
For today’s organizations, litigation and investigation is not a question of “if”
but “when.”
According to a 2006 survey, the average number of lawsuits for companies over $1 billion in revenue increased to over 500 cases. At the same time, government investigations continue to grow in number. The Department of Justice investigated 490 corporate fraud cases in 2006, resulting in 171 indictments and 124 convictions.
The eDiscovery process is a critical part of these challenges. Legal teams want to keep their organization out of the media spotlight by ensuring government fines, court sanctions and negative verdicts do not occur because of internal failures managing the electronic discovery process. They also want to make better, faster decisions on legal strategy and tactics based on real-time information about the documents and email in their enterprise systems. In addition, every organization needs to contain costs by finding better methods to improve the predictability of electronic discovery while reducing its cost.
To address these challenges, the StoredIQ proactive eDiscovery solution delivers a consistent, cost-effective repeatable system for proactive litigation readiness. Organizations can proactively identify, protect and delete information according to specific corporate, legal and regulatory requirements.
With StoredIQ’s proactive eDiscovery solution, organizations have a truly automated proactive solution, improving their ability to avoid sanctions while reducing the costs of eDiscovery.
Documents can be proactively identified and protected according to legal and information governance requirements. Active data can be automatically deleted according to policy, and legally defensible audit trails can also be generated automatically.
In addition, with the proactive eDiscovery solution organizations can rapidly respond to preservation orders, minimizing the risk of spoliation claims and improving the ability to respond within deadlines to litigation holds and production schedules.
The StoredIQ proactive eDiscovery solution generates an auditable “data topology map” of active electronically stored information (ESI). Network servers, email servers, content management systems, storage systems and PCs are automatically scanned according to highly customizable criteria.
These topology maps can help organizations better prepare for Rule 26(f) conferences, improving their ability to negotiate with the opposing counsel. Organizations can also control litigation costs through the ability to plan strategies based on accurate, timely information. Equally important, organizations can protect sensitive, business information to help ensure the support of regulatory compliance and corporate information governance policies.
Faced with possible liabilities, many organizations fall back on a “save everything” approach, resulting in soaring storage costs and increased difficulties in accessing the right information at the right time.
With StoredIQ proactive eDiscovery solution, record storage is rigorously optimized according to corporate, legal and regulatory requirements. Organizations can properly discover, classify and retain all information according to business value and risk. ESI is culled to the minimum sub-set of potentially responsive data, reducing costs from review tool loading through legal review. Information is retained only as required by retention rules and schedules. Old records are automatically deleted based on records management policies.
The proactive eDiscovery result is a legally defensible, cost-effective and efficient solution for records management and destruction.
Deployed and maintained in-house, the StoredIQ proactive eDiscovery solution keeps sensitive data where you want it—within the enterprise to support information protection and compliance requirements. The number of data hand-offs is reduced, minimizing potential chain-of-custody issues. StoredIQ also provides an audit trail of all actions performed during collection, preservation, culling and production. In addition, an in-house solution with StoredIQ reduces dependence upon the fluctuating costs, schedules and service quality of outside vendors.
By offering a proactive solution for managing risk in terms of reputation, costs and legal decision making, the StoredIQ proactive eDiscovery can help organizations—
StoredIQ provides companies with a range of solutions based on application modules for Intelligent eDiscovery, proactive eDiscovery and Information Governance. Each application is built upon a common software platform, allowing for application modules to seamlessly operate on the same appliance cluster. With our application module approach combined with flexible appliance configurations, StoredIQ allows you to purchase only the functionality that you require.
We’ll be happy to talk with you about StoredIQ products and solutions. Call us at 512.334.3100 or contact us by email.