Electronic data has no natural lifecycle and can exist on an IT system forever—which sounds ideal, right until a subpoena lands on your desk.
As email and other computer information accumulate across the world at alarming rates, organizations are making the rationalization of records and information management (“RIM”) a top priority. According to a 2006 survey by the Business Roundtable, chief executives rank litigation as among a short list of top cost pressures, and a 2005 study by the Association of Corporate Counsel indicates that chief legal officers rate compliance, e-discovery and RIM as the highest risk areas for the next five years
