Late last week, one of my colleagues sent me an e-mail where he copied 8 other people, half of them I could not identify if my life depended upon it. I then heard about the person who had a Twitter account with over 17,000 follwers, and was now being sued by his former employer over ownership of the account– really, does anyone think the person knows 17,000 people? Firms and persons working in financial services industries generate trillions of e-mails every year, encompassing the mundane to the critical.
These firms and their employees also seem to be involved in numerous civil, regulatory and criminal investigations and litigations. Much of the vast amount of money in legal fees paid to defend these firms and their employees (sums that sometimes greatly exceed the GDP of several developing countries) often relate to e-mail review and production. General counsels and firm management looking for ways to save money on these bills should, initially, read my article that was published in the New Jersey Law Journal, outlining the “CC” problem and ways of clamping down on this terrible plague afflicting our society, http://www.foxrothschild.com/newspubs/newspubsArticle.aspx?id=4294970187.
Once read, please do your part in stopping this madness because the dollar you save maybe your own!!