More and more, corporate legal teams are proactively searching for ways to reduce litigation risk, gain control over escalating costs, and increase their ability to manage the discovery process more efficiently. Each new matter creates yet another fire drill. Accessing potential evidence is a challenge—and predicting the total cost of litigation can be even more challenging. All of this, coupled with increased complexities in discovery response, sends corporations into a constant state of crisis management. Corporations need an actionable, defensible process, customized for the business, to efficiently respond in today's environment.
Litigation is inevitable. How ready are you?
Gaining control starts with assessing your current discovery management processes in the areas of cost, risk and cycle time efficiencies. In a recent survey of over 350 corporate counsel, approximately 40% rated themselves as "proactive" when it came to litigation readiness, and yet only 26% acknowledged they had a discovery response workflow in place. Furthermore, just 26% claimed to have a litigation hold process implemented with IT and only 29% believed they had appropriate processes in place for collecting potential evidence in a legally defensible manner. How prepared are you?
Assessment is the first step to improvement
Fios offers a quick Litigation Readiness Assessment to help you determine how prepared your company is to respond to future discovery requests. The assessment identifies gaps and areas of risk as well as opportunities for "quick wins" and immediate successes. The resulting report provides a baseline for process improvement as well as offers a good overview of the required people, processes and technology essential for your ideal level of litigation readiness.
At the conclusion of the engagement, you will be able to:
- Assess readiness in each step of the discovery response process
- Determine overall level of readiness for litigation response
- Explore potential "root causes" where there is a lack of readiness
- Outline possible impacts of a lack of readiness
- Plan for action in specific areas to reduce litigation risk, gain control over costs and make process improvements over time
What can you expect?
It takes approximately two weeks to complete the assessment and conduct a debrief on the report. The time requirement is minimal for the value you'll receive in return. The service is initiated with a kick-off meeting. This can be onsite or via phone conference.
During this meeting we will walk you through the steps and gain a better understanding of your expectations and desired outcomes. The assessment itself is web-based and takes a couple of hours to complete. Fios then requires about one week to perform the analysis and create a custom report. The engagement concludes at the end of the two week period with a debrief meeting to review the results and discuss recommended next steps.
The ultimate goal of the Litigation Readiness Assessment is to enable you to take action and provide direction for future process improvement. Technology alone is not the answer. Efficient discovery management also requires a process-oriented approach, with legal domain expertise and end-to-end electronic discovery services. |