The Race to the Top for eDiscovery Talent
While many eDiscovery companies are consolidating – driving a “race to the bottom” in terms of price – Inventus CEO Paul Mankoo takes a different view. While cost savings are important – table stakes, even – the value that savvy legal practitioners are looking for today is more than just a low price.
To drive real value, you need experience and expertise – what he calls “the race to the top for talent.” While large consolidated companies may be driving efficiencies internally by eliminating redundancies, they are also shedding crucial talent. And to do truly stellar work in electronic discovery, you need a human element. Not just any human will do - you need critically thinking, deeply experienced experts who are relentlessly client-focused.
At LegalTech New York this year, Gregory Bufithis of Project Counsel interviewed Paul on this and other topics. Originally posted over at Project Counsel Media, this video covers a lot of ground. Take a look:
The Human Element in eDiscovery Algorithms
Deploying sophisticated eDiscovery algorithms on large, complex sets of data takes the human element – no legal project can be completed in a vacuum, and no data set is exactly like another. There simply is no one-size-fits-all approach to eDiscovery.
For every matter, a human – preferably a human with a breadth and depth of knowledge that allows them to draw from experience to make crucial choices at each decision point – to choose wisely what algorithms to use and when. They must:
- - Evaluate the data sources involved in each case
- - Test the variety of eDiscovery algorithms that are out there
- - Determine which are right for the particular data types at hand, each matter, each business, and each use case
- - Give recommendations to clients based on statistically sound methodologies
- - Apply the correct algorithms and present results in a way that makes sense and is useful to the parties involved
These best practices can be applied outside the litigation space as well – for example in contract analysis abstraction, contract lifecycle management, and other areas of legal service outsourcing.
About Gregory Bufithis: Gregory Bufithis is a digital media/telecom attorney, journalist, writer, and media producer. He has over 30 years of experience in intellectual property and digital media law in the U.S. and Europe. He is also a graduate of the artificial intelligence program at the Swiss Federal Institute of Technology in Zurich. He is an expert in text analytics and the field of eDiscovery.
About Project Counsel Media: Project Counsel Media covers the areas of digital technology, media, mobile technology and intellectual property through conferences it is invited to attend, as well as events requested by our clients. Proprietary videos are on Youtube: www.youtube.com/ProjectCounselMedia.