Most of the money spent on electronic discovery today is squandered on reviewing irrelevant documents, according to a white paper recently released by Forensics Consulting Solutions, of Phoenix, Ariz. According to the document authored by Mark G. Walker, Roland J. Bernier III and Barclay Blair, only about 10 percent of all Electronically Stored Information (ESI) collected has value for the purpose for which it was gathered. "Yet," the authors stated, "investigators spend 80 percent of their time and the associated cost on the 90 percent that has no value."
Organizations are spending millions of dollars finding, processing, reviewing, and producing digital information required in lawsuits, the paper said. It noted that one out of five organizations spends more than $10 million annually on litigation--and that doesn't include what's spent on settlements and judgment awards. That...