Total Cost of Review (TCR)

eDiscovery costs are largely driven by billable attorney review hours. The Stratify legal Discovery service delivers high-productivity review that directly impacts your bottom line.

Major corporations use Total Cost of Ownership (TCO) to evaluate the total cost of important projects. TCO takes into account not only the purchase price and initial startup costs, but the recurring and “hidden” costs, as well. In a similar way, General Counsel and law firms need to assess the Total Cost of Review (TCR) when evaluating electronic discovery matters.

TCR includes a number of factors, such as storage, document conversion, processing, and hosting costs, but is primarily driven by the aggregate number of attorney billable hours needed to complete the review. Recognizing that reducing the number of billable hours has the biggest impact on TCR, attorneys and legal professionals are rethinking their approach to electronic discovery.

Total Cost of Review (TCR) and the Stratify Legal Discovery service

Typically, the largest expense associated with document review and analysis is the billable time required for attorneys to find and review documents. In-house and traditional in-house or online search-based systems exhibit low rates of review, and as a result require large numbers of reviewers. To better control eDiscovery costs, General Counsel and AmLaw 200 law firms are turning to solutions with advanced productivity capabilities that significantly reduce the amount of time needed to complete the review.
Read about driving down the TCR

Stratify’s clients achieve low TCR with the advanced review and analysis features of the Stratify Legal Discovery service. These include a highly contextual review environment that supports concept-based review, issue-based review, thread analysis, and email mapping – all within an intuitive interface that can be easily customized to maximize effectiveness and streamline the overall workflow.
Read about further savings over the course of the review

While each document review varies based on type of matter, documents and size, Stratify clients have reported review rates of 300-500 documents per hour, with rates reaching 1,000 documents per hour. In some matters, individual attorneys have reviewed as many as 10,000-15,000 documents in just one day − the equivalent of 60 “bankers boxes” of hard copy pages – while improving tagging accuracy and subject matter comprehension.
Read the TCR Case Study