As TD Bank works its way out of an electronic-discovery mess that included court sanctions against its in-house and outside counsel, it is experimenting with cutting-edge technology. And the Toronto-based bank hopes to save money in the process.
“We have a three-year plan,” said Dera Nevin, the bank’s managing counsel for e-discovery. The TD Bank group is using cloud-based data storage to centralize global discovery, while at the same time it is instituting several cost-cutting measures, she said.
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