Hierarchy of main cost drivers:

• Human review. It's costly.
  • When it involves lawyers and law firm staff
  • Moreso when review presupposes bi-lingual assets, themselves quite rare and valuable.
• Data Management
  • Identification of data & repositories
  • Collation of data
    • Document library & search index construction
  • Data access policy development and provisioning
  • Implementing a document sharing platform

Trends & Drivers

Though not a one-size-fits-all panacea, the advances in machine learning and language translation have the potential to dramatically reconfigure the cost drivers of the industry