March 28, 2013 admin
In today’s fast-paced, high-tech world, information comes in all shapes and sizes. Companies are employing new management technologies that allow them to continuously update, analyze and capitalize on all the Big Data they collect.
Insiders have determined that the Big Data train won’t be slowing down any time soon. At the recent South by Southwest Interactive festival, where “techies” come to debut their latest and greatest innovations, CNN interviewed Stephen Wolfram, the scientist behind the data-driven Wolfram Alpha computational search engine in an article entitled 5 things we learned at SXSW. As the article notes, Wolfram told audiences, “In the modern world, everyone should learn data science,” or what the author refers to as “mining large databases for useful patterns of information.”
While companies are champing at the bit to harness the potential of Big Data, lawyers cannot afford to ignore the relative legal and compliance issues that surround the accumulation and use all this information. In his recent article for Inside Counsel, “What is Big Data and why should in-house counsel care?,” Mark Diamond delves into the potential risks that lawyers should be aware of, including privacy, compliance, liability and discovery concerns.
It’s clear that Big Data is altering the legal landscape in more way then one. So how do you work with it, and more importantly, how do you make it work for you?
According to Edward Sohn, a Director of Litigation Solutions at Pangea3, the answer–for litigators at least–may be found in the use of new discovery tools like predictive coding, which “presents serious benefits in high volumes of electronically stored information (ESI)–in other words, Big Data…Pangea3 has helped clients drive predictive coding on several engagements, utilizing different underlying algorithms and varied hosting platforms.”
Edward Sohn regularly consults with clients on complex e-discovery issues for Pangea3, and has written an article on how predictive coding works.
He will also be leading a complimentary CLE Webinar with the New York Law Journal on April 15th 2013, 1pm EDT, entitled, New Normal: Big Data and the Future of Litigation. Esteemed panelists include Amor Esteban, Partner, Shook Hardy Bacon LLP; Ronald J. Hedges, Principal, Ronald J. Hedges LLC and Tom Barnett, Managing Director and eDiscovery Practice Leader, Stroz Friedberg.
The panel will explore ways attorneys may defend their search parameters during discovery and how companies can comply with new collection and preservation standards in their day-to-day operations. They will also discuss the limitations in the current technology and whether recent court decisions will require a paradigm shift in the use of these methodologies.