Description

Published by the IT Compliance Policy Group, this August 2008 report has key findings highlighting specific practices implemented among best-in-class organizations for the legal custody of information result in much lower expenses, including:

94 percent lower spending for legal settlements and fees than firms with the worst practices

92 percent lower spending among these firms for IT to find, protect and preserve information on legal hold

80 percent lower spending on legal settlements and fees than a majority of firms with normative practices

75 percent lower spending among these firms for IT to find, protect and preserve information on legal hold

Better practices in IT and Legal are the primary reason for lower expenses and improved results

Legal holds on information start when firms reasonably anticipate legal requests for information. But not all firms implement the practices needed to minimize expense for this activity. Benchmark research conducted with 235 firms, primarily in the United States, reveals the specific practices implemented across the firm---and within the legal and IT functions---that are the primary reasons why some organizations spend much less than others on legal settlements, legal services and in IT to find, produce, protect and preserve information on hold.