I was always told that there are two inevitabilities in life: death and taxes. But in business, it’s a little different. The two inevitabilities here are regulations and lawsuits. Federal laws such as Sarbanes-Oxley, HIPAA, Graham Leach Bliley, as well as state and local regulations, are making the need for eDiscovery a near certainty.
If your company strategy toward Electronic Discovery (eDiscovery) process amounts to nothing more than a corporate fire drill, you are not alone; but the potential costs and risks associated with this reactive approach are staggering.
An eDiscovery process can touch many areas within your company, and meeting the obligations of the Federal Rules of Civil Procedure (FRCP) regarding eDiscovery processes can be a daunting task. According to the National Law Journal over 90 percent of business documents today are created and stored electronically. When you factor in the many avenues in which corporate data is created and stored, whether it is e-mail, spreadsheets, or electronic documents, the need for adopting a proactive eDiscovery process becomes apparent.
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