Digital enterprise content management can help law firms dramatically reduce their electronic discovery costs, according to one information technology consultant.
Enterprise content management allows enterprises to control how electronic content is managed, stored and captured, James Watson of Doculabs wrote in a recent column for AIIM. This makes it easier for firms to search and retrieve data, or preserve and collect records. It also saves resources by reducing the amount of data firms must process, analyze and review.
"Anything you can do to reduce the volume of information going into the funnel at the front of the process is going to reduce your overall discovery costs," Watson wrote.
The consultant noted that the discovery costs of several firms he has worked with fell by as much as two-thirds after efforts to manage unstructured content and automate discovery tasks through enterprise content management solutions.
Many businesses nationwide, both inside and outside the legal field, have switched from traditional paper documents to digital enterprise content management solutions in recent years. A number of independent research firms, including Gartner and Forrester, have found that ECM can help firms save money and reduce their environmental impact.