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80% of companies with over $100 million in sales have document retention policies.
Source: 2005 [LitigationTrends] Survey, by Fulbright & Jawoski L.L.P. survey of over 350 corporate counsel and Chief Executive Officers, from companies with median gross revenues of $484 million |
Smaller companies are worried the most about compliance with regulations, evolving case law, and and statutory requirements.
Larger companies worry the most about electronic discovery.
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A sanction for "failure to comply" in a regulatory matter, or in a court case, is likely to involve electronic evidence. |
