Tuesday, January 31, 2006

90 percent of U.S. businesses in litigation

From an article by the Associated Press on the new business of data-mining for litigation purposes:
90 percent of U.S. corporations are engaged in some type of litigation, according to research by the law firm Fulbright & Jaworski LLP. The average company bigger than $1 billion is wrestling with 147 lawsuits.
The companies that search corporate email, messages, and records are growing "at about 35 percent a year." The article also (shockingly) says,
This surge has led Kroll Ontrack to quadruple the size of its data-crunching center in less than 18 months, from a half-petabyte of storage to two petabytes. That's 2 million gigabytes. Consider that the Internet Archive, which aims to store almost every public Web page ever to appear, currently totals one petabyte.
Obviously, our culture has gone overboard with lawsuits in all directions. Stand aside, Internet Archive ... the lawyers are here! Read the full text of the article here.