Time and Cost Savings with MatterSpace

Enterprises facing multiple new legal matters each year encounter significant costs and risks in managing eDiscovery. Key components of this process include identifying, preserving, collecting, indexing, and de-duplicating all relevant Electronically Stored Information (ESI) from structured and unstructured sources and reviewing it for responsiveness and privilege.

Data Processing & Review Cost Savings With MatterSpace

For most companies today, the first part of the eDiscovery process—identification, preservation, and collection—is a labor-intensive and time-consuming process, with 100% of the data collected going to an EDD vendor. This vendor, who charges by the gigabyte, indexes and de-duplicates the data and sends it to outside counsel for initial review.

MatterSpace provides a time- and cost-saving alternative. It completely automates identification, preservation, collection, indexing and de-duplication, resulting in a 10x time savings over the traditional, manual methodology.

Efficiency & Time Savings With MatterSpace

MatterSpace also allows the user to cull data, which when combined with de-duplication, results in a 75% reduction in the volume of data given to the EDD vendor and a 50% reduction in the volume reviewed by outside counsel (see first graphic above). These improvements translate directly into cost savings, resulting in a Return on Investment (ROI) of 500% per year with MatterSpace.

ROI of 500% Per Year With MatterSpace

In addition to saving time and money, MatterSpace reduces risk by:

• Providing a comprehensive understanding of all relevant, matter-specific ESI
• Facilitating compliance with recently-amended Federal Rules of Civil Procedure concerning the identification, preservation and collection of ESI
• Providing timely information critical to developing an optimal legal strategy for each case
• Standardizing a complex process which is often performed in an ad-hoc, reactive manner by companies today