Listening to a podcast by InternetNews.com I was struck by a story about a forthcoming announcement by Hewlett-Packard and Clearwell about a new class of eDiscovery services.
Identified as a significant emerging IT market, eDiscovery is software that enables firms to recover, analyze and build relevant data sets of all digital files, e-mails, text messages, and instant messages relevant to litigation. IDC reports that the market will have double-digit growth each of the next 3 years and will be a $21b market in 2011.
This is a bullish indicator for the plaintiffs bar and means that Advisen's database of lawsuits will continue to grow exponentially.
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