Lawsuit Tsunami: Good for E-Discovery?

Lawsuits driven by the financial crisis may be good news for companies that sell electronic discovery software and services.

As InformationWeek reported yesterday, the tech sector hasn't been immune to the stock market slide. But one segment may find its fortunes bolstered by the turmoil. E-discovery vendors stand to benefit as a tsunami of lawsuits washes over the financial services market.

An Associated Press story reported yesterday that state governments are suing or considering lawsuits against various actors in the financial crisis, including investment banks, bond ratings agencies, and agencies such as Fannie Mae and Freddie Mac.

E-mail Discovery Saves Construction Firm Money

When your company is involved in nine or 10 lawsuits a year, the lack of an effective e-mail discovery system can easily cost you thousands of dollars, John Buraczyk says, from personal experience.