EDRM Releases New E-Discovery Budget Calculator

EDRM\r\n\r\nCustomizable E-Discovery Calculator Designed by Legal Process Efficiency Expert Casey Flaherty\r\n\r\nSt. Paul, Minnesota – September 24, 2015 – EDRM, the leading standards organization for the e-discovery market, announced today the release of the sixth in its collection of budget and cost calculator tools for the electronic discovery process. The collection of calculator tools addresses varied aspects of e-discovery budgeting and cost tracking, and all were developed by industry experts based on their practical experience.\r\n\r\nThe designer of the latest calculator is Casey Flaherty, former in-house counsel for Kia Motors America and founder of Procertas, a company offering training to corporate legal teams on improving efficiency and reducing costs.\r\n\r\nFlaherty’s budget calculator is three sets of calculators in one. The Standard Calculators compare vendors against each other and a baseline. The Proposed Calculators permit vendors to present additional savings they believe they will be able to achieve. The Baseline Calculator contains the client’s current pricing model. The spreadsheet provides sample numbers, but Flaherty recommends that each user will update those to reflect their own figures.\r\n\r\n“The EDRM spreadsheets and calculators are meant to help people and organizations that are attempting to estimate likely e-discovery costs,” said George Socha. “They are adaptable to cases of all types and sizes, allowing the user to set their own assumptions, such as average hourly rates for contract reviewers or average number of pages per document. The response from EDRM members has been a strong positive.”\r\n\r\nThe EDRM calculator collection is available to all, on the EDRM website at www.edrm.net/projects/metrics/budget-calculators. For information on EDRM membership, visit www.edrm.net/joining-edrm.\r\n\r\nAbout EDRM\r\nEDRM creates practical resources to improve e-discovery and information governance. Launched in May 2005, EDRM was established to create standards and guidelines in the e-discovery market. In January 2006, EDRM published the Electronic Discovery Reference Model, followed by additional resources such as IGRM, CARRM and the Talent Task Matrix. Since its launch, EDRM has comprised 331 organizations, including 188 service and software providers, 71 law firms, 53 corporations, eight governmental entities, four industry groups and seven educational institutions involved with e-discovery and information governance.\r\n\r\nContact\r\nTom Gelbmann\r\nEDRM, LLC\r\nPhone: 651-483-0022\r\nEmail: tom@gelbmann.biz

Author

  • Doug Austin

    Doug Austin is the editor and founder of eDiscovery Today and an EDRM Global Advisory Council Leader. Doug is an established eDiscovery thought leader with over 30 years of experience providing eDiscovery best practices, legal technology consulting and technical project management services to numerous commercial and government clients. Doug has published a daily blog since 2010 and has written numerous articles and white papers. He has received the JD Supra Readers Choice Award as the Top eDiscovery Author for 2017 and 2018 and a JD Supra Readers Choice Award as a Top Cybersecurity Author for 2019.

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