The power of convergence: Harnessing AI and IG for legal excellence – Part II
Chris Giles
Welcome to Part II of our exploration into the intersection of Information Governance (IG) and Artif(...)
The Power of Convergence: Harnessing AI and IG for Legal Excellence – Part I
Chris Giles
Our technological landscape is changing. The combination of information governance (IG) and artifici(...)
Why do law firms need information governance (IG) more than ever, and how should they implement it? Over two articles, Chris Giles offers a sector-wide perspective and Chris Hockey draws on his experience of implementing IG at a mid-sized US firm. In Part 1 we discuss why IG matters, where it should sit, and policy creation.
Information has always been the lifeblood of law firms, but now its stewardship has become a critical discipline for firms to master. This is partly because the volume of data is growing quickly. To provide a quality service to clients, lawyers, including those who work remotely, must be able to retrieve the right information easily and securely without wasting any time. Firms also need oversight to identify gaps in information systems or procedures that when filled will make information flow more efficiently.
Midsize law firms often operate in an environment with unique business challenges and conditions, including expectations to provide the same high standards of client service that larger firms provide, but with fewer resources and investment dollars. Interestingly enough, these -specific challenges, business priorities, and trends of midsize firms have, to date, not been widely captured in reports and surveys. Search for large firm reports and you can easily turn to ALM, ILTA, Bloomberg, or Thomson Reuters for intelligence, and the ABA Law Practice Division thoroughly analyses solo and small firms. With this information gap in mind, earlier this year, we at Actionstep produced the inaugural 2023 Midsize Law Firm Priorities Report (“Report”), determined to better understand the factors that matter most to midsize firms, including broader business priorities, resource challenges, stress factors and mental health, overall work satisfaction, and the use of technology.
In Part 1 we detailed the numerous and growing risks that law firms face when excess information isn’t systematically minimised, while acknowledging the daunting task firms face in tackling the issues once and for all. To suggest a way forward, in this piece Chris Giles describes the five basic steps he recommends firms take to start scaling their data mountain.
A common theme when we talk to law firms about information retention and disposition is that people know it ought to be done, but they lack information and urgency as to exactly why and they don’t know where to start. Here Chris Giles sets out the growing risks firms face when excess data isn’t dealt with and suggests the five steps they can take to tackle the issue once and for all.
As legal IT specialists and a full-service iManage Partner, Tiger Eye support customers to work efficiently and boost productivity, delivering solutions for every step of the document and email journey.
Introduction
As a trusted advisor to law firms around the world, we are often asked what the key trends are in the legal technology space – and how firms can seize new opportunities presented by new technologies.
AaS (As a service) business models have existed for decades as evidenced by the most well-known and most subscribed service used by all … Energy. On the technology side we have seen the emergence of SaaS (Software as a Service, Security as a Service), IaaS (Infrastructure as a Service), PaaS (Platform as a Service), and most recently AIaaS (Artificial Intelligence as a Service).
From the launch of MADDI, an AI-powered virtual associate, to the release of Onyx, Aderant reveals new firepower to record attendees
Hosting more than 600 clients and partners in Denver, Colorado, from May 8-11 and more than 400 clients virtually, this year's Global Momentum event unveiled product innovation, new releases, and a view into the future of Aderant technology.
Amidst fierce competition, businesses are increasingly adopting digital advancements to meet market expectations and remain relevant. The ease and cost-effectiveness of adopting various digital tools and platforms such as cloud computing, AI and automation is driving this movement.
Having previously worked as a General Counsel at a number of high-growth tech companies, I have observed that various departments such as finance, marketing, sales, and HR are leveraging technology to enhance customer and employee experiences, streamline processes, and improve data accuracy and analysis.
A while back, some law firms flirted with the idea of using Radio Frequency Identification (RFID) technology to keep track of physical documents, but soon abandoned the idea as too expensive and unwieldy. In this article Chris Giles outlines how RFID has changed, and explains how it can now be a gamechanger for how paper is managed.
Once a law firm understands why data minimisation is important, it’s time to act by putting policies and actions in place that deliver a data minimisation strategy. In this second article on the topic, Chris Giles suggests how firms can tackle this pragmatically and effectively.
Every day, in every way, your firm is accumulating data that needs to be managed. And, as outlined in the first article, your firm is at increased risk if you hold excess data.
The uninitiated may be tempted to view data minimisation as a bit of a housekeeping exercise, and not something that should concern the most senior individuals in the firm. However, Chris Giles respectfully disagrees. In this, the first of two articles on data minimisation, he explains why it deserves C-suite attention and a firmwide policy implementation.
Data is everywhere, it’s ubiquitous, and frankly it’s getting out of hand. Around 2.5 quintillion bytes of data are now being generated every day.
Copyright © 2023 Legal IT Professionals. All Rights Reserved.
We offer organizers of legal IT seminars, events and conferences a unique marketing and promotion opportunity. Legal IT Professionals has been selected official media partner for many events.
