In-house Counsels concerned about Social Media Challenges

June 25th, 2010   Filed Under E-discovery, legal news  

Deloitte recently surveyed in-house counsels at several corporations regarding the challenges of social media. 

Roughly two-thirds (62 percent) of respondents surveyed who expressed an opinion say their company is concerned about e-discovery challenges posed by online social media forums, according to a survey commissioned by the Deloitte Forensic Center.

During the next three years, 49 percent of respondents expect their companies’ information technology department to increase e-discovery efforts; 44 percent expect e-discovery challenges to increase; and 39 percent expect to devote more resources to e-discovery. However, of respondents with an opinion, 61 percent expect their companies to be only somewhat effective or not effective at all in dealing with e-discovery challenges three years from now.

One-quarter of respondents indicated their companies are unprepared to handle e-discovery requests pertaining to business-related use of social media, and an additional 36 percent indicated their companies are only somewhat prepared. Beyond social media platforms, only 9 percent of companies are well prepared to capture electronically stored information on third-party platforms, such as information stored in the cloud or used in software-as-a-service (SAAS) applications.

“The demands of e-discovery are clearly growing. Facebook and Twitter have not only become more prevalent in employees’ personal lives, but have also become more accepted in the workplace, as companies are beginning to leverage social media platforms throughout the corporate environment,” said Jeff Seymour, leader of the northeast analytic & forensic technology practice for Deloitte Financial Advisory Services LLP. “With electronically stored information rapidly rising in volume, avoiding e-discovery missteps requires cooperation from two corporate functions that typically have little in common and often don’t speak the same language: legal and IT.”

See remainder of article here.

Attorney barred in the District of Columbia and California currently looking for opportunities in the private and government sectors.  Specializes in ediscovery/litigation efficiency project management but can do straight litigation or litigation management.  Feel free to contact me with opportunities at info@sentrycg.com

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