e-discovery

Is Microsoft Gaining A Foothold In The Legal Industry?

Is Microsoft Gaining A Foothold In The Legal Industry?

The global legal services market, according to MarketLine had total revenues of $610.4bn in 2013, representing a compound annual growth rate (CAGR) of 3% between 2009 and 2013. Market volume increased with a CAGR of 2.7% between 2009 and 2013, to reach a total of 4,082.1 thousand legal professionals in 2013. The performance of the market is forecast to accelerate, with an anticipated CAGR of 4.2% for the five-year period 2013 – 2018, which is expected to drive the market to a value of $750.9bn by the end of 2018.

Having said that, the sheer size of global legal market could attract many new entrants. Cloud computing is changing how information is disseminated, accessed, processed, and governed. Multinational companies with global IT infrastructure spend millions in managing their network infrastructure, and have sizeable budget allocated for potential litigation and compliance work. The real issue is not the size of the cost to maintain – it’s ‘Big Data’.

e-discovery

Product innovation is at the heart of Microsoft’s work. Undoubtedly, a true innovative market player since 1975. In a refined manner, Microsoft recently introduced the e-Discovery module in one of its flagship product SharePoint. The rationale behind is quite simple. To cater to the growing needs to information governance and compliance functions. The Electronic Discovery Reference Model (EDRM) has been recently amended to include ‘Information Governance’ as a key component. EDRM is a framework that outlines standards for the recovery and discovery and of digital data. It is designed to serve as guidance for gathering and assimilating electronic data during the litigation process, and acts as a conceptual standard for the e-Discovery process. In case you are not familiar with e-Discovery, it is the process of finding, preserving, analyzing, and producing content in electronic formats as required by litigation or investigations.

An organization typically has vast amount of digital and social data. There are significant legal risks associated with preserving, searching, and producing data when legal events occur. How do you search within your existing data to comply with e-Discovery requests? How do you export is in an appropriate format? The answer lies within SharePoint 2013. SharePoint 2013 introduces the eDiscovery Center site collection, which has features to help with the first half of the eDiscovery Reference Model (EDRM)— Information Governance, Identification, Preservation, Collection, Processing, and Analysis.

In the e-Discovery Center you can create e-Discovery Case sites, which are used to organize in-place holds, queries, and exports for a particular case. The e-Discovery Case site is designed for in-house legal teams to perform their e-Discovery work. The new e-Discovery capabilities within SharePoint 2013 have three key advantages to help you get through during a lawsuit:

  1.  In-Place Hold—Preserve and search across content in native stores. This is faster, easier, and provides higher fidelity than the processes in use today. Plus, with our in-place approach, you can reduce the storage space you use.
  2.  Near real-time search—Built-in search system of SharePoint and Exchange, content is always up-to-date and you can run searches anytime.
  3.  More content—Preserve, search, and export OneNote files, webpages, communities, microblogs, Lync IMs, Lync meetings, and more.

SharePoint e-Discovery capabilities give a promising answer for handling compliance and information governance related functions. Microsoft’s route towards the legal industry and strategically positioning itself with its SharePoint product may be a step towards entering and capturing the multi-billion dollar global legal industry.

By Syed Raza

CloudBuzz

The latest in curated technology related news collected from many of the leading news distribution, industry research and technology vendor firms on the planet.

Here you will find recent news sources from companies such as Reuters, Marketwired, IDC, Gartner or directly from cloud vendors such as Google, Microsoft or Amazon.

Cloud Migration and Cyberwar

Cloud Migration and Cyberwar

Cyberwar Concerns This last week the Washington Post published a bombshell story on the recent attacks on the US election infrastructure ironically under their motto “Democracy dies in darkness.” On the Vidder blog Thursday I said that ...
How Leading Organizations are Leveraging Big Data

How Leading Organizations are Leveraging Big Data

Seeing The Big Data Picture “Data will talk to you if you’re willing to listen”— Jim Bergeson. Few can dispute that. However, the challenge comes when data transforms into bundles and stacks of unorganized and unstructured ...
Ransomware Cyber-Attacks: Best Practices and Preventative Measures

Ransomware Cyber-Attacks: Best Practices and Preventative Measures

Ransomware Cyber-Attacks “WanaCrypt0r 2.0” or “WannaCry,” an unprecedented global ransomware cyber-attack recently hit over 200,000 banking institutions, hospitals, government agencies, and other organizations across more than 150 countries. The ransomware encrypted user data, and demanded ...
The Unintended – and Intended – Consequences of Cloud Data Sovereignty

The Unintended – and Intended – Consequences of Cloud Data Sovereignty

Cloud Data Sovereignty It seems that everything has unintended consequences – whether positive or negative. Intended consequences are those that are chosen. Unintended consequences are forced upon us. The consequences surrounding data sovereignty regulations are ...
GDPR – A Change in the Making

GDPR – A Change in the Making

Organizations all over the EU must be aware by now that the Data Protection Act (DPA) will be changed into GDPR (General Data Protection Regulation). Some of these changes might cause some compliance issues but ...
The Lighter Side Of The Cloud - Big Broadband
The Lighter Side Of The Cloud - Hydro Cancellation
The Lighter Side Of The Cloud - Going Viral
startup tech comic series
The Lighter Side Of The Cloud - Due Diligence
The Lighter Side Of The Cloud - Dial-up Speeds
The Lighter Side Of The Cloud - Car Troubles
Comic
The Lighter Side Of The Cloud - The Letter "G"

CLOUDBUZZ NEWS

72-hour rule: Can you identify and report a data breach within 3 days?

72-hour rule: Can you identify and report a data breach within 3 days?

In a series of blog posts, the ‘Coach’ offers recommendations on how to get businesses into shape so they can thrive in the new data era. The 72-hour rule included in the European Union’s General Data Protection ...
New Technology Partnership: SAP and the Mercedes EQ Formula E Team Power Up for the Future

New Technology Partnership: SAP and the Mercedes EQ Formula E Team Power Up for the Future

SAP and the Mercedes EQ Formula E Team Power Up WALLDORF — SAP SE (NYSE: SAP) today announced a new multiyear agreement with Mercedes-Benz to become the official business performance partner of the automaker’s Mercedes EQ Formula E ...
Scale your Windows Azure application

Azure the cloud for all – highlights from Microsoft BUILD 2018

Last week, the Microsoft Build conference brought developers lots of innovation and was action packed with in-depth sessions. During the event, my discussions in the halls ranged from containers to dev tools, IoT to Azure ...