Blog

Spending across the eDiscovery software and services market is estimated to total $14.05B in 2022, and continue increasing at a CAGR of approximately 9.69% towards $22.31B in 2027. This projected growth was taken from various leading eDiscovery publications, posts, data points, and discussions.

Legal Services providers are increasingly focusing on Australia’s legal market to explore opportunities to push forward global expansion efforts amid a positive, changing legal landscape.

Artificial Intelligence is a way of using technology to analyze large amounts of data in much less time than it would take a human user, and to make predictions based on this data that can be helpful for a variety of applications. Deep Blue’s legendary chess match against Kasparov is a classic example of AI and its ability to predict certain outcomes based on data.

2021 has been a record year for legal tech: $1.4 billion was invested by venture capital firms in the first half of the year, which is more than in the entirety of 2020, and well above what was raised in 2018 and 2019. Leading the investment boom are startups like RocketLawyer (which provides legal services to individuals and small businesses), Verbit (voice transcription for the legal sector), Notarize (digital notarization), and Clio (cloud based CRM).

Cloud Computing, or the ability to use software and data storage over the internet rather than on a local physical device, has greatly increased over the past several years, skyrocketed during the pandemic, and is predicted to continue growing into 2022.

On April 4, the DOJ Antitrust Division announced an update to their leniency policy and issued a revised set of frequently asked questions (FAQ).

The legal industry is undergoing transformational changes as aspects of information governance and eDiscovery are refined with new data governance solutions and technologies to address evolving business and regulatory requirements.

October is the 18th Annual National Cybersecurity Awareness Month in the United States. It is sponsored by the Cybersecurity and Infrastructure Security Agency and the National Cyber Security Alliance. This year’s theme is “Do Your Part. #BeCyberSmart.” Being Cyber Smart includes awareness of current threats like business email compromise (BEC), phishing, ransomware, and supply chain compromise.

Organizations in Japan, and generally across Asia Pacific (APAC), have experienced a sharp increase in eDiscovery related work over the past several years due to a rise in cross-border litigations and investigations. It is more critical now than ever before to take stock of important considerations when evaluating and partnering with service providers that will guide and support your eDiscovery needs.