Early Information Assessment
eTERA Consulting’s proven Early Information Assessmentsm (EIA) methodology helps clients reduce costs by 20% to 50% for data collection, processing, review and production.
While EIA involves a number of critical integrated components, significant cost-savings are achieved through data filtering and sampling, data repurposing and custodian reuse, and contract attorney document review. In addition, EIA helps clients achieve increased efficiencies and greater control leading to further legal spend cost-certainties.
Through EIA, clients achieve cost-savings of up to 25% via data filtering and sampling, 30% utilizing data repurposing and custodian reuse, and savings from 25% to 50% during contract attorney document review. Due to effective filtering, every 10% reduction in data volume results in an additional 10%-15% savings on data management costs. Additional cost-savings can be achieved through flexible fee arrangements.
EIA is effectively utilized across industries and case matters making it an important tool for corporate legal departments and outside counsel. For example, eTERA Consulting achieved 30% savings both within the financial services and energy industries, and a 50% cost savings within the pharmaceutical arena.
As part of eTERA Consulting’s EIA program, clients are provided with a free Legal Matter Spend Analysis (LMSA) to set key benchmarks and achieve additional legal support spend cost-savings and cost-certainities.
