eDiscovery is fast becoming one of the hottest areas in law. This isnâ€™t something that is yet taught in law schools. Many firms are just now starting separate departments for e-discovery. This new course is really going to rachet up the need for implementing archiving systems.
According to Barry Murphy, formerly of Forrester Research, the challenges are similar for all organizations, whether a bank, a consulting company or a biotech firm. The only difference is that banks are under more government regulation (e.g., SEC) than some other industries and often do discovery specifically for regulatory requests.