What your document review is really costing you.

What your document review is really costing you. ASSUMPTIONS FOR THIS EXAMPLE 100,000 50 documents documents reviewed per hour $300 per associate attorney hour $50 per contract attorney hour Using the traditional method of review You'll need to decide who you want to review your documents. This will dramatically affect your final cost. Let's take a look at both options: Associate Attorneys Contract Attorney 2,000 hours x $300 2,000 hours x $50 $100,000 $600,000 $6 per doc + $60,000 management of contract attorneys $160,000 $1.60 per doc Using the technology-accelerated method of review Predictive coding is performed at a per document rate with an average of 20 hours of expert (associate) management of the coding system. (100,000 x $0.10) + (20 hours x $300) = $16,000 E-STET recommends manual review of the most relevant documents in order to gain rich insight in the discovery set. This is usually about 20 percent of the documents reviewed. Technology Accelerated Review with Associates Technology Accelerated with Contract Attorneys 400 hours x $300 = $120,000 400 hours x $50 = $20,000 $36,000 $0.36 per doc %3D %3D $136,000 $1.36 per doc *A study by Grossman found that predictive coding was found to be more consistent than human document review. ** Usually associate attorneys are tasked with selecting, training, and managing quality control of contract attorneys. This can take between 10-20% of the total time to conduct document review. Our estimate assumes 10%. Therefore, 200 hours x $300 per hour = $60,000 E-STET dircowery insight ACADEMY.E-STET.COM •..