E-Discovery Strategies Help Companies Avoid Legal Fees
Best-in-Class Companies Save On Average 38% in Legal Discovery Costs
BOSTON, MA--(Marketwire - January 10, 2008) - Company litigation risks for electronically
stored information have increased dramatically as a result of changes in
government rules. Ninety-one percent (91%) of Best-in-Class companies
avoided fines or a lost legal proceeding because they were able to meet
legal discovery requirements, according to a study of 364 companies
conducted by Aberdeen, a Harte-Hanks Company (NYSE: HHS).
"Survey participants with over $1B in revenues reported an average legal
discovery cost of $997k. Best-in-Class companies experienced significant
cost savings and lowered litigation risks by implementing a comprehensive
e-Discovery strategy in their organization," said Ralph A. Rodriguez,
Senior Vice President of Technology Research, Aberdeen. "Furthermore,
Best-in-Class companies are able to recover archived data, records, and
messages in less than one hour and complete legal discovery requests on
time an average 94% of the time."
Best-in-Class companies identified two strategies as most successful: 73%
of these companies integrated e-Discovery practices with their records and
data management processes, while 64% implemented an organization-wide data
and records lifecycle management policy.
"With 47% of respondents reporting that the number of regulations complied
with increased or stayed the same over the past year, it is critical to
organizations to reduce their litigation and regulatory risk by deploying a
comprehensive e-Discovery and data, record, and message archiving solution
before they are served with a discovery notice," states Rodriguez.
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About Aberdeen Group, a Harte-Hanks Company
Aberdeen is a leading provider of fact-based research and market
intelligence that delivers demonstrable results. Having benchmarked more
than 30,000 companies in the past two years, Aberdeen is uniquely
positioned to educate users to action: driving market awareness, creating
demand, enabling sales, and delivering meaningful return-on-investment
analysis. As the trusted advisor to the global technology markets,
corporations turn to Aberdeen for insights that drive decisions.
As a Harte-Hanks Company, Aberdeen plays a key role of putting content in
context for the global direct and targeted marketing company. Aberdeen's
analytical and independent view of the "customer optimization" process of
Harte-Hanks (Information - Opportunity - Insight - Engagement -
Interaction) extends the client value and accentuates the strategic role
Harte-Hanks brings to the market. For additional information, visit
Aberdeen http://www.aberdeen.com or call (617) 723-7890, or to learn more
about Harte-Hanks, call (800) 456-9748 or go to http://www.harte-hanks.com.