Is There an E-Discovery Bubble?

On 3 Geeks and a Law Blog, Greg Lambert says yes, and the bubble is going to burst. "I'm not saying that E-Discovery is going away," writes Lambert in I'm Calling It!! - There's an 'E-Discovery Bubble', "what I'm saying is that there is going to come a 'correction in the market' over the next few years that will burst the bubble in the cost of collecting and analyzing ESI (electronically stored information)."

Lambert is absolutely correct about the need for a market correction. Searching for smoking guns in electronically stored data has been a boom for purveyors of e-discovery products and services more than it has for clients picking up the tab for e-discovery costs. As Lambert writes, "you cannot expect clients to continue to pay exponentially for the cost of processing, indexing and reviewing ESI if that cost is greater than the reward." [JH]