E-Discovery,All,About,Retrieva technology E-Discovery: It is All About Retrieval
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Brokerage firm Morgan Stanley recently paid $12.5 million to settle charges that it failed to disclose e-mail in arbitration and that it falsely claimed the messages were destroyed in the September 11 attacks. The case illustrates the importance of litigation readiness. And as this Metropolitan Counsel piece points out, the challenges corporate counsel face in dealing with the new e-discovery requirements of the Federal Rules of Civil Procedure are many - not the least of which is failure to understand the new rules. Metropolitan Counsel reports:Only 10 percent of corporate counsels say they understand changes to the FRCP very well. Thirty-three percent frankly state that they do not understand the changes very well.In a recent IT Business Edge interview, tech blogger Roger Matus agreed, noting that most people with whom he speaks have failed to grasp what the e-discovery rules mean for their business:Most people are confused. There is no requirement to archive anything in the FRCP. As a matter of fact, the words archiving and retention do not appear in the FRCP. Instead, the requirement is to produce anything you have and to make sure that it remains intact. Specifically, the FRCP says anything in the possession, custody, or control of the party. (Rule 26(a)(1)) must be produced. The party includes employees, Boards of Directors, administrators, some consultants, etc.Read the full interview: Do You Know Where Your Documents Are? Archiving and E-Discovery. The confusion is fueling what has become a $2 billion business, according to law.com. And the biggest way to "defuse the fear," the story says, is to prepare ahead of time. Draft electronic document discovery policies and protocols. Map out your IT infrastructure and install electronic document collection systems.Again, Matus agrees:When I talk to folks, I get a lot of questions like, Isnt backup enough? Im storing things already If I need it I can find it because its there somewhere. The problem is, what youre really being measured on is how quickly you can get the data out. So things that already de-duplicate, things that already show you on the screen what youre going to get on the report, the ease with which you can mark something as privileged, the ease with which you are able to download documents and hand them over to somebody else these are the things companies should be looking for.So whats important in the collection and archiving systems you put in place? Matus hones in on three things:Centralize the storage of things that are stored in a distributed environment. For example, e-mail is stored on many PCs. It is a good idea to have a central archive of these e-mails to speed up retrieval. Make sure that there is a good index backups are not a well-indexed method. Dont waste time duplicating things that are already centralized. For example, since SharePoint documents and blogs/wikis are already centralized, you do not need to duplicate it. You may just need to take a snapshot of the existing file to make sure that no information is deleted after a litigation hold is in place. Decide whether to store things that are not stored. For example, if you are not keeping IMs, you may not want to start now. But, Matus says, the full impact of the rules probably wont be felt until companies are educated about the rules and they begin to see the fines and penalties imposed for failure to properly produce electronic information. As we mentioned in the beginning, the Morgan Stanley case is a prime example.
E-Discovery,All,About,Retrieva