New, York (PRWEB) September 30, 2010
One mystery within in the legal profession has been trying to determine how many eDiscovery Practice Groups currently exist within US law firms, and estimates varied widely. According to a recent survey conducted by The Cowen Group, Current State/Future State: eDiscovery Practice Groups at AmLaw 200 Firms, 87 of the AmLaw 200 Law Firms now claim to have an eDiscovery Practice Group.
“These findings are significant for corporations who require law firms with legitimate eDiscovery experience,” said David Cowen, Founder of The Cowen Group. “Many firms realized that they needed to establish an eDiscovery Practice Group to market themselves to savvy clients, but far fewer made the necessary investments in people, process, and technology to develop a group with true eDiscovery expertise.”
The survey examined current trends among the AmLaw200 toward developing cohesive eDiscovery Practice Groups. Market research indicates that most large firms are moving away from utilizing a single eDiscovery Counsel to tackle EDD issues, and it is now known that 87 of the AmLaw200 have established integrated eDiscovery Practice Groups to replace these individuals. However, there is a significant disparity in the relative sophistication of these groups, so the next step for The Cowen Group will be to establish a set of criteria to determine which firms have the leading eDiscovery Practice Groups.
“By targeting Managing Attorneys, Litigation Partners, and eDiscovery Attorneys, The Cowen Group's market research has already revealed the size, composition, and structure of these evolving Practice Groups,” Cowen said. “We plan to further examine the motivations behind their establishment and their value to the firm and its clients. This is an important step in the effort to create transparency regarding the practices of America’s top firms.”
The results of the survey provide law firm management and leadership with the critical business intelligence necessary to define strategic objectives and advocate for the budget, resources, and authority necessary to achieve success and compete in this evolving marketplace. Additionally, this information provides corporate America with the intelligence they need to be sophisticated and savvy consumers of eDiscovery services.
The Cowen Group will facilitate discussion regarding the evolution of eDiscovery Practice Groups by examining the survey results during its Fall Leadership Breakfast series in New York, Washington D.C., Chicago, Los Angeles, and San Francisco. These events bring together AmLaw200 eDiscovery practitioners with industry experts and corporate counsel from many of the Fortune 500.
About The Cowen Group
The Cowen Group is the nation’s leading search firm specializing in staffing and recruiting for eDiscovery, Litigation Support and Legal Technology from coast-to-coast as well as abroad and has gained recognition as an internationally leading eDiscovery talent placement firm for 100 Fortune 500 corporations and 125 AmLaw 200 law firms.
Since 1996, The Cowen Group has focused solely on legal technology recruiting and staffing. As industry experts, The Cowen Group has exclusive access to jobs at elite organizations and know where to find the Top Talent in the industry.
The Cowen Group is committed to serving the eDiscovery and legal technology community and fostering its growth by providing greater industry transparency to key issues. It accomplishes this through its access to its extensive network of professionals and executives and the sharing of information through its three key channels: talent placement, market intelligence and executive events.
Cowen Intelligence, a specialized unit focused on gathering, analyzing and sharing key industry and market trends and information since 2005 has published Annual Salary Survey’s for the Litigation Support and eDiscovery community, Quarterly Critical eDiscovery Trends Snapshots, and multiple topic-specific reports.
The company also launched Cowen Executive Events in 2009. This unit is focused on producing premier industry events that provide eDiscovery, Litigation Support and Legal Technology industry professionals with unprecedented networking and information sharing opportunities in key markets throughout the United States. To date, the executive events have included more than 900 professionals representing in-house legal departments, law firms and the legal technology vendor community.
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