http://ow.ly/66mDy
Article by Rob Hellewell on the corporate LexisNexis website.
This article discusses the regulations imposed by Hart-Scott-Rodino Act. Under the provisions of this Act, the parties involved in a proposed merger that is valued over a certain threshold must provide documents to the DOJ and the FTC. The requirements of this Act are often very burdensome, especially in light of all the ESI being stored by large corporations. The article quotes former FTC Chairman Deborah Platt Majoras, "the second request process remains controversial" due to "the cost and time required to comply."
As the author points out, "During a very compressed timeframe, often between six and nine months, parties often spend millions of dollars in collecting, reviewing and analyzing responsive materials." The author recommends some steps to make the process run more efficiently, such as using technology, and creating a project management plan for discovery.
SRM Legal assists clients with issues such as these, and we provide a virtual deal room for second request reviews, that brings state of the art technology, including data analytics into the equation, to enhance the speed, efficiency and accuracy of the due diligence process.
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