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Special Report on e-Discovery: Making e-Discovery Cost-Effective for Smaller Companies

By Richard B. Friedman
January 29, 2008

In the days of only paper documents, smaller companies could afford to wait until they became involved in a lawsuit to worry about pre-trial discovery, but today's reliance on digital information makes that a risky and unnecessarily expensive strategy. To meet the requirements of the amendments to the Federal Rules of Civil Procedure concerning electronic discovery that went into effect on Dec. 1, 2006, companies need to plan and prepare ahead of time. Although these rules present a new set of challenges for small companies, the good news is that developing and implementing an e-discovery strategy does not always have to be an expensive project. By taking a handful of cost-effective steps, companies can save both time and money in litigation costs in the long run.

Meeting the Legal Obligations Of New Technology

As is widely known, technology has become a great equalizer. Even the smallest companies have the same powerful communication tools at their disposal as the largest enterprises. From e-mail to instant messaging, voice mail, electronic documents, databases, and spreadsheets, information technology is readily available at a reasonable cost to businesses of every size. In fact, the availability of such powerful technology has allowed even small companies to reach and serve customers around the world and, in some cases, to become extraordinarily successful.

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