January 24, 2012
Which eDiscovery Solution is Right for You?
January 11, 2012
eDiscovery Costs: “I Wish I Would Have Known”
Have you ever finished an eDiscovery project and realized you spent way too much money on the little amount of data you actually needed? We all know eDiscovery is expensive and most pricing models create a situation where the total required investment is not known until the end of the project.
In short, once an agreement is signed and data is sent to the service provider, you are typically “stuck” in a situation where you are largely at the mercy of paying for irrelevant data, hourly charges, seat licenses, open-ended TIFFing charges and more. And, if fees begin escalating above your budget, it’s not a situation where you can easily change midway through the project. With court and review deadlines looming, you have to ride it out until the project is finished. You – or your client – will typically have a big surprise waiting at the end of the project: a total investment often double (or more) than originally budgeted.
Why are most eDiscovery pricing models so expensive?
There are a number of reasons. The primary one relates to the need to process and cull data that will ultimately be deemed as irrelevant or unresponsive. In other words, a significant portion of most eDiscovery pricing models require you to pay for data you don’t ultimately need. You are forced to pay to process all data – relevant or not. We call this “top of the funnel” pricing. Oftentimes, upwards of 90% of collected data will never make it to review, but you are being charged for it every step of the way.
Other cost factors relate to most models requiring payment of so many aspects of discovery, including fees for: project management, support, training, seat licenses, data loads, initial processing, culling, software licenses, and production charges. This type of model is prevalent in the eDiscovery industry, and requires a great deal of investment into what normally ends up being a relatively small percentage of the original collected data.
Our goal at InterLegis is to put an end to the practice of ‘nickel-and-diming’ and help our clients avoid paying for data they don’t need.
“I wish I would have known about you guys before.”
One of the most heard phrases from our clients after learning of our all-inclusive pricing model is, “I wish I would have known about you guys before.” We’ve been able to consistently demonstrate the significant savings clients would have realized on previous projects had they used InterLegis instead. This analysis normally results in a difference of tens of thousands of dollars – and often, hundreds of thousands of dollars worth of savings.
What makes our model different? In short, we only charge on relevant or responsive data and everything else is complementary or included.
More specifically, our end-to-end Discovery solution, Discovery360™, allows clients to install the software, process and cull data for free and then pay a one-time, all-inclusive fee for other services, including productions. Furthermore, if our hosted solution is utilized, all project management, support and needed training are included as well. You only pay for the data YOU deem relevant and won’t pay for data that will never see the light of day. We call this “bottom of the funnel” pricing. Our pricing model is simple, which makes it easy to calculate budgets on your projects.
By not charging on irrelevant data, our clients are able to slash a substantial amount off their discovery costs. With InterLegis, you can cull and process data with no investment whatsoever, therefore, there are no surprises when it comes to your overall investment.
There simply isn’t a more cost-effective or productive solution available today. To understand how InterLegis can impact your bottom line, request a Cost Analysis report at www.InterLegis.com.
Subscribe to:
Posts (Atom)