The findings are very consistent with the warnings of EDD Update authors, especially Michael Arkfeld -- who has been hollering to lawyers that they really need to pay attention to all of this, or be prepared to pay a hefty price, literally and figuratively.
Key findings include:
* Only 25% of U.S. in-house counsel -- and 17% of U.K. in-house
counsel -- say they are full current with ESI case law, developments
and regs.
* About half of respondents in both countries have no ESI policy.
* There is confusion over who bears responsibility for ESI
sanctions. About 35% of U.S. respondents say they don't know; about 20%
would blame the CEO/board, roughly 20% "own" it, and about 10% would
dump it at the door of the IT dept/CIO.
* Most respondents really don't understand the potential financial impact of poor ESI procedures.
* But 3/4s of respondents say they are losing time over lousy ESI procedures.
*
Unmanageable volume heads th list of anticipated challenges over the
next five years, followed by budget concerns, lack of training,
tech,and/or innovation.
You can download the 2008 report Download 2008_esi_trends_report.pdf and here's last year's report Download 2007_esi_survey_results.doc as well.
