TRANSCRIPT: What type of company are you when it comes to eDiscovery Best Practices....proactive or reactive?
Nearly 90% of all companies in the US will face some form of litigation. Therefore, your company can expect to have a discovery event in the next 6-12 months.
In fact, 55% of companies sued or subpoenaed last year spent over $1,000,000 each in discovery and litigation related costs.
At present, when your company is sued, in-house counsel reaches out to several law firms for assistance in their respective areas of expertise. Everyone must be brought up to speed on how your company operates- and fast. Typically, expensive chaos ensues due to the reactionary fire drill that is the current system.
Now multiply the chaos & cost times 37, because that's how many lawsuits an average US company has on their docket.
There's a better way: Fortis Quay can bring you out of this expensive chaos and provide a custom centrally located module that clearly leads all parties involved in eDiscovery to the company policies, departmental procedures, templates and documents.
The eDiscovery Best Practices Module is your company's central guide. The module is a common repository for training and bridges the gap between the often siloed departments of your company. It also serves as an on-boarding tool for inside and outside parties and as a judicial tutorial if necessary.
Chaos is expensive...take control, save money, & reduce your risk when it comes to eDiscovery Best Practices. You could easily save as much as 63% in litigation costs by becoming a proactive company. Stop reinventing the wheel and own this as a business process.
Watch our demo video & contact Fortis Quay today. Remember, You Can't Manage What You Don't Measure™