Facts & Figures: Companies may struggle with e-discovery when regulators come calling
From domain name expansion to increased SEC settlements, an inside look at the numbers that count
July 06, 2012 at 08:29 AM
4 minute read
The original version of this story was published on Law.com
E-Discovery Effectiveness
Given the number of e-discovery tips out there, you'd think companies would be experts at retrieving crucial information quickly and accurately. But many national and domestic corporations say their compatriots would be unable to access necessary information if a regulator asked for it, according to a new report from Epiq Systems.
The survey results, which include responses from U.S., French, British and German companies, are below:
58% Respondents that said most companies in their sectors would not be able to access key information on short notice
69% French companies that doubted the abilities of their sectors' companies (the most of any nation surveyed)
47% German companies that said most businesses would not be able to retrieve information quickly and accurately (the least of any nation surveyed)
56% U.S. corporations that said companies would have trouble retrieving the required information
Domain Demand
A recent expansion of generic top-level domains (gTLDs) has companies scrambling to register almost 2,000 new domains. Among the new gTLDs are .porn, .sex and .adult, leading some companies to fear that their brand names could be tarnished by X-rated online counterparts. And though most trademark attorneys are aware of the program, few have closely studied the expansion, according to a recent survey from Melbourne IT Digital Brand Services.
More survey results are below:
91% Respondents who are aware of the new top-level domain program
36% Respondents who have read the gTLD Application Guidebook
55% Attorneys who think the new domains pose a “high” or “moderate” risk to their clients' online brands and trademarks
47% Respondents who say they are “somewhat prepared” or “very prepared” to monitor TLD applications and respond using official comment channels, though only 12 percent have done so before
Slowing Statistics
The first quarter of 2012 saw a continued uptick in law firm mergers, but that trend appears to be slowing, according to two reports from Altman Weil and Thomson Reuter's Hildebrandt Institute. The consulting companies attribute the second-quarter decline to several factors, including the cautionary tale of Dewey & LeBoeuf.
14 First-quarter mergers this year, according to Altman Weil
10 Second-quarter mergers this year, according to Altman Weil
20 First-quarter mergers in 2012, according to Hildebrandt Institute
5 Second-quarter mergers in 2012, also according to Hildebrandt
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