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Cooler Temperatures? Fall 2022 eDiscovery Business Confidence Survey Results


Editor’s Note: The eDiscovery Business Confidence Survey is a non-scientific quarterly survey that shares insight into the business confidence of individuals working in the eDiscovery ecosystem. The survey consists of nine core questions on factors related to the creation, delivery, and consumption of eDiscovery products and services purposed toward cyber, data, and legal discovery tasks. Additionally, the survey contains three optional questions focused on the business operational metrics of days sales outstanding (DSO), monthly recurring revenue (MRR), and customer revenue distribution. 


Industry Survey

The Fall 2022 eDiscovery Business Confidence Survey Results

Final Results

The quarterly eDiscovery Business Confidence Survey has been administered twenty-eight times since early 2016, with 2,874 individual responses from eDiscovery industry professionals. The survey provides valuable insight into the current business confidence of cybersecurity, information governance, and legal discovery professionals in the eDiscovery ecosystem. Today ComplexDiscovery shares the observations and opinions of industry analysts and observers, reporters and communicators, and law firm and legal department experts and consultants on the eDiscovery business climate in the fall of 2022.

 

The fall 2022 survey response period was initiated on September 11, 2022, and continued until September 22, 2022. The survey was highlighted and promoted primarily by direct email from ComplexDiscovery and the EDRM to cybersecurity, information governance, and legal discovery professionals.

This quarter’s survey experienced a strong* response rate with 100 eDiscovery professionals sharing their opinions on the business of eDiscovery. While individual answers to the survey are confidential, the aggregate and unfiltered results are published to highlight the business confidence of participants regarding economic factors impacting the creation, delivery, and consumption of eDiscovery products and services during the fall of 2022. These results may be useful to legal, information technology, and business professionals seeking to better understand current and potential future business conditions as shared by survey participants.


Business Confidence Questions (Required)

n = 100 Respondents

 

1. Which of the following segments best describes your business in eDiscovery?
Part of the eDiscovery ecosystem where your organization resides  

 

  • Software or Services Provider – 33.0% ↓
  • Law Firm – 33.0% ↑
  • Corporation – 16.0% ↑
  • Consultancy – 6.0% ↓
  • Governmental Entity – 5.0% ↑
  • Other – 4.0% ↑
  • Media/Research – 3.0% ↑

1 – Survey Respondents by Organizational Segment – Fall 2022

2. How would you rate the current general business conditions for eDiscovery in your segment?

The post Cooler Temperatures? Fall 2022 eDiscovery Business Confidence Survey Results appeared first on ComplexDiscovery.



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