Best Companies for Electronic Discovery
Are you one of those careful consumers who would not buy a car without first consulting Consumer Reports' car ratings? If so, then before you purchase electronic-discovery services or software, you would be well advised to review the 2006 Socha-Gelbmann Electronic Discovery Survey. The full 294-page survey will set you back $5,000, but overviews of the results are available at Law Technology News (free subscription required) and from Socha Consulting, where you can also download the table of contents.
You need only attend a legal trade show or scan the ads in a legal periodical to know that competition is fierce among EDD vendors. The Socha-Gelbmann survey estimated that this was a $1.3 billion market in 2005 and and will reach $3.13 billion by 2008. For lawyers, the array of vendors and services can be daunting.
That makes this survey all the more valuable.
The survey ranks the top 20 electronic-discovery providers. It ranks providers using seven criteria: experience and reputation, capacity, types of services, software usage, law firm rankings, corporate rankings and revenue estimates. Based on those rankings, it found the top five services providers to be (in alphabetical, not numerical, order): Fios Inc., Kroll Ontrack Inc., LexisNexis Applied Discovery, Renew Data Corp. and ZANTAZ Inc.
The survey also ranked the top 10 electronic-discovery software providers, based on criteria similar to those used to rank service providers. In this category, the top five (alphabetically) were: Attenex Corp., Dataflight Software Inc., Electronic Evidence Discovery Inc., Guidance Software Inc. and ZANTAZ Inc.
This is the fourth year George J. Socha Jr. and Tom Gelbmann have conducted this survey. The more crowded this market becomes, the more we need this guide to the vendors.
Posted by Robert J. Ambrogi on August 24, 2006 at 03:08 PM | Permalink
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