Climate: Sunny or Cloudy
Tuesday, December 13, 2016
Posted by: Mary Mack
The Fall 2016 eDiscovery Business Confidence Survey from ACEDS and Complex Discovery show that the climate is good, and certainly not bad. Canada was surveyed for the first time, and the respondents indicate that eDiscovery activity is expected to grow even more.
From Doug Austin at eDiscoveryDaily:
“Over Half of Respondents Consider Business to Be Good: Over 56% (56.6%, to be exact) of respondents rated the current general business conditions for eDiscovery in their segment to be good, with 6.2% rating business conditions as bad. Last time, those numbers were 47.6% and 13.7% respectively. Does this reflect a seasonal dip during the summer – the only quarter where less than half of the respondents were bullish on business?”
On the other hand, Nikki MacCallum and Kris Wasserman from Special Counsel’s EQ see storm clouds on the horizon. Nikki MacCallum, writing for ILTA’s Connected Community, is noticing a downturn in demand for eDiscovery project managers.
MacCallum said “From a job seeking standpoint, the market is fairly saturated. The number of lay-offs has increased dramatically, giving hiring managers the pick of the litter in terms of talent which does not bode well in terms of salaries, specifically when it comes to eDiscovery Project Management. It’s also negatively impacting the majority of sales professionals, because when companies merge, account ownership and territory often becomes an issue, making it more challenging to drive top-line revenue.”
Given other surveys showing hiring and salaries to be on the increase (although noticing a slight dip for PM’s), there may be a difference in assessing top and bottom line revenue and employment.
CloudNine and ACEDS hosted a discussion of the results of the eDiscovery Business Confidence survey on Thursday, December 14 with returning panelists David Horrigan, Zach Warren, George Socha and Eric Mandel, anchored by Doug Austin and Mary Mack. Jennifer Johnson from Commonwealth Legal joined for the first time to represent the Canadian perspective.
Listen in on the discussion here.