Demands for electronically stored information are increasing, but most companies are still coping with those requests on a case-by-case basis, costing them time and money and putting them at risk for sanctions and fines.

So says a new study from Kroll Ontrack, which found that less than half of companies surveyed had a readiness strategy to handle e-discovery requests.

Kroll Ontrack’s 2009 ESI Trends Report polled 461 IT professionals and in-house counsel, half from the United States and half from Britain. The vast majority of both groups said they had a document retention policy (87 percent of U.S. companies, 80 percent ...