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January 4, 2007 11:06 AM
Posted by Tricia Duryee
Bellevue-based Applied Discovery, a division of LexisNexis, said today that it has reached a new milestone.
The company helps law firms conduct discovery electronically. Today, it said in 2006 it processed 1.16 billion pages of electronic documents, representing a 49 percent jump over 2005 and a 65,186 percent increase over pages processed in 2001.
The company said the benchmark provides solid evidence that the $1.5 billion e-discovery market expanded quickly in 2006 and is an indicator of industry growth trends in 2007.
Electronic discovery technology enables law firms to quickly and securely capture, review and assess digital documents online as part of the "discovery" process in most legal cases.
It said the increase is linked to the growth of using digital communications for corporate communications. For example, the majority of corporate documents today are digital, through the use of email, instant messaging and mobile phone text messaging.
LexisNexis purchased Bellevue-based Applied Discovery in July 2003 for an undisclosed amount.