Legal cost recovery functions play a vital role for most law firms as they continue to have significant financial impact to the bottom line.
But you can’t manage what you can’t measure--and until now, firms haven’t had the industry-wide information to understand the difference between a
successful recovery of litigation services or their failure.
Firms are struggling with a legacy practice of writing off e-Discovery/litigation support and related costs. Discoverable data volumes have grown exponentially, but firms have been challenged to identify and implement recovery models or managed services models that are acceptable both to the firm and their clients. With industry forecasts predicting electronically stored information (ESI) to grow at a rate of 50-fold between now and 2020, something needs to be done.
That’s why we’ve launched the first-of-kind survey for the industry.
Since 2004, Mattern has produced the industry-standard benchmarking of cost recovery practices across back and middle functions in the highly regarded Mattern Cost Recovery Survey. In 2018, Mattern’s traditional Survey evidenced aggressive trends in modern areas of recovery which included e-Discovery/ litigation support costs such as data processing, coding, hosting, and more
We are thrilled to launch the 2019 e-Discovery and Litigation Support Cost Recovery Survey. It is open to participation through September 15th. Only survey participants will receive the highly detailed, customized reports that benchmark their firm’s practices against peer firms.