Assume you have 10,000 documents that average 6 pages each. Let us also pretend that we have an attorney on hand that can redact one page every every three minutes. Let’s also say this attorney charges $55 an hour for her services, and an identical attorney will be double checking each redaction for accuracy at a pace of 200 pages per hour.
If every page required redaction and all the variables held true across the entire life of the project, the total out of pocket expense for redacting 60,000 pages would run just over $180,000.
- To play with the variables, go to http://bit.ly/RedactCalc to modify the billable rate, total pages, and pace.
The key to cutting costs is to increase the pace of applying each redaction, increasing the accuracy to reduce time spent performing quality control checks, and reducing the cost of the hourly rate. To get a sense of what attorney rates are for 2017 check out the Salary Guide published yearly by Parker + Lynch at http://pkrlynch.us/2fawmEp.
Unfortunately, there is no magic bullet that exists in the tech industry that will automatically do all the work for us. There are some great tools available that assist with identifying and redacting specific text strings and patterns, but at the end of the day, this is still a manual process that is often very precise in nature.
When dealing with large volumes of information that require redaction the most cost-effective and accurate solutions available will be found from service providers that can blend the best technology available with the right group of experienced attorneys. To see how one provider addressed some of these challenges check out the recently released case study found at http://bit.ly/Redaction_Case_Study.