Surgical strike

The global economic downturn has left many companies in a difficult position. On the one hand there is a great deal of pressure to reduce costs and ensure that any risk management technology is deployed as effectively as possible. At the same time, the amount of data involved in a potential litigation/regulatory matter has grown exponentially in recent years and this, coupled with the added complexity that a greater amount of data now originates from multiple jurisdictions, is adding to the time and cost of resolution. On the positive side, the current economic climate has brought to the fore some of the latest innovations in risk management technology and many of these, if deployed in the right manner, can greatly reduce the resource needed to gather and manage information, says Costa Kypre of Kroll Ontrack.

Costa Kypre (+44 (0) 20 754 99600, ckypre@krollontrack.co.uk ) is a legal consultant at Kroll Ontrack

Advances in risk management technology

One of the key emergent strategies of recent years is for companies and their legal representatives to be as targeted as possible when gathering and reviewing data. Previously, it was customary for a review team to collect everything and then simply sort the information chronologically.