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Procurement Market Intelligence Report

E-Discovery Consulting Services
Sourcing Guide & Market Trends

Comprehensive intelligence for making smart purchasing decisions

Learn about actual and potential costs

How much should I pay for E-Discovery Consulting Services?

What is the average price of E-Discovery Consulting Services?

This procurement report includes pricing information to help you purchase E-Discovery Consulting Services. Our analysts provide a benchmark price and a price range based on key pricing factors to help you understand what you should be paying for this specific product or service. To see the average price for this and hundreds of other products and services, subscribe to ProcurementIQ.

Has the price of E-Discovery Consulting Services been rising or falling?

Analysts look at market data from the previous three years to determine an overall price trend. You can use the recent price trends to help you understand price volatility and plan your budget.

I’m not ready to purchase E-Discovery Consulting Services yet. Will I pay more if I wait too long?

We forecast the next three years of price movements by looking at factors likely to affect the market's supply chain, such as inputs, demand and competition. You can then use the price forecast to figure out the best time to purchase.

What other costs are associated with purchasing E-Discovery Consulting Services?

Our analysts calculate the total cost of ownership and assign a level of low, moderate or high, depending on things like customization, integration and installation. Use this information to budget for E-Discovery Consulting Services with a reduced risk of unexpected costs.

See how we display average pricing information, trends and market data.

Find the vendor to meet your needs

Where can I purchase ?

There is a low level of market share concentration within the e-discovery consulting market. The market is highly fragmented, with the four largest vendors accounting for less than 30.0% of total market revenue. As of 2021, ProcurementIQ estimates that there are an estimated 4,891 suppliers of e-discovery consulting services. A... Subscribe to learn more.

Questions to ask potential suppliers

How can I gain leverage during negotiations?

Experience and Expertise

How long have you provided these products to your longest-tenured client?

What qualifications does your staff have and what measures do you take to keep those qualifications up to date?

What industry do you most commonly supply this product for?

To what extent will ordering multiple products from your firm allow me to save on costs?

What is your repeat business rate for businesses in my industry and how does that compare to your overall rates?

Supply Chain Risk

Over the past three years, what percentage of your revenue has been dedicated to raw input materials? How has that changed?

Has the availability of raw materials tightened due to the coronavirus outbreak?

Over the past three years, what percentage of your revenue has been dedicated to labor?

How have fluctuations in input prices affected the prices of your products during the past three years?

How do you mitigate sudden price increases in raw materials?

When input prices rise, how much of the cost is absorbed by you and how much is passed onto buyers?

How, if at all, has your supply chain been affected by import tariffs levied in 2018?

Regulation

How do you manage regulatory change? Do you have regulation advisers or methods to track regulation?

How have changing regulations influenced your pricing now and how will the changes affect prices over the life our proposed agreement?

What ongoing training procedures do you provide for your staff?

Have you ever been found to be noncompliant with regulatory frameworks?

Amid widespread health concerns during the COVID-19 pandemic, what contingency plans are in place to mitigate risk to your clients and employees? Do you offer clients any flexible exceptions, such as contract suspensions?

Qualifications

How long have you been providing e-discovery consulting services?

Do you have a list of current or past clients that may serve as references?

Do you have experience in this business sector? What types of projects have you worked on over the past three years?

What steps have you taken to improve your firm's reputation during the past three years?

Talent

Do you have appropriate coverage for property damage or general liability when searching through a client's confidential files?

How do you source qualified consultants? What kind of experience do you seek in your employees?

Is any of your work subcontracted to other vendors? Does this result in any cost markups for buyers?

Do you have a formal chain of command for each project?

Amid widespread health concerns, what contingency plans are in place to mitigate risk to your clients and employees? Do you offer clients any flexible exceptions, such as contract suspensions?

Risk Control

What steps do you take to ensure your e-discovery strategies are defensible, efficient and measurable?

How do you develop appropriate cost and time management systems for your consulting services?

Are there any unique storage media concerns or issues that may limit your consulting services?

How do you ensure data integrity throughout the course of any given project?

Return on Investment

How much of the e-discovery life cycle do your services address? Are there additional costs to consider if you cannot handle all steps from process to production?

Who bears the risk when unexpected costs arise? Do buyers face higher costs for data loss, software failure or media deterioration?

Are you able to address unanticipated increases in data volume or changes in search needs? How so?

How do buyers measure the return on investment of your e-discovery consulting services?

How has your service helped similar buyers operate efficiently during the pandemic?

External Demand Factors

How has your company capitalized on the growing percentage of services conducted online? How do you intend on meeting demand as this figure grows through 2021?

How have changes in private investment in computers and software affected your operations in recent years?

As corporate profit levels rise, how do you encourage businesses to invest their earnings into your services?

How do you evaluate the rate of change with next generation technology? How will future advancements open up more e-discovery opportunities?

Competition

How do you ensure that clients seek renewal of their contracts? What is your rate of contract retention?

What sets your e-discovery consulting services apart from other competitors in the market?

Has your firm completed any acquisitions or been the subject of an acquisition over the past three years? If so, how did this change affect your business model?

How do you stay abreast of changes regarding e-discovery software development and innovation?

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Key elements for every RFP

What should my RFP include?

Project Budget

Buyers should provide a total value for the contract.

Buyers are advised to provide information regarding their payment expectations.

Selection Criteria

Buyers should prioritize suppliers that can most closely match their needs.

Buyers should prioritize suppliers that submit the most complete proposals and are not missing any information.

For more selection criteria information, buyers are advised to consult the Buying-Decision Scorecard section of this report.

Project Schedule

Buyers should include a date for when the RFP was issued.

Buyers should provide a date for when proposals are due.

Buyers should provide a range of dates for any follow up interviews, if applicable.

Buyers should provide a date for when the award announcement will be made.

Evaluate major factors to mitigate risk

How risky is the supply chain?

Buyers do not face significant risk from the supply chain. Purchased goods are anticipated to make up a small portion of the average vendor's input cost structure in 2021, primarily due to the service-based nature of consulting that lends itself to high wage costs as a share of supplier revenue.... Subscribe to learn more.

HIGH

MEDIUM

LOW