OrangeLT™’s Predictive Pricing Estimator is an online predictive pricing estimation tool designed to help law firms, corporations, and governmental agencies estimate, compare, and evaluate the monetary costs associated with the use of analytics, processing, and review services in the conduct of electronic discovery. Using a combination of industry-accepted volume and cost parameters, the Predictive Pricing Estimator allows users to enter estimates for both the volume of data and potential reviewers available and to see how these estimates influence data reduction and review costs throughout the electronic discovery stages of analytics, processing, and review.
How can organizations use the estimator to engage with OrangeLT™?
While Predictive Pricing Estimator results are not legally binding estimates, organizations can use the calculated results of estimations to help develop Request for Proposals (RFPs) and Statement of Work (SOW) documents that may be used in developing and implementing their electronic discovery project plans.
How can users access the Predictive Pricing Estimator?
To access the Predictive Pricing Estimator, simply visit: OrangeLT
Action Item: eDiscovery is a volume-driven activity-- more volume equals higher costs. Typically reactive approaches to legal edicts are executed without a clear eye on costs. This approach is unsustainable as volumes grow unabated. Tools such as the Predictive Pricing Estimator can help ease the near-term pain. Longer term, however, users must develop information management architectures that deal with the root problem, namely shoving all data in a central archive with limited classification capabilities that is a dead end.