Well into the era of electronic discovery, few would argue against the use of technology to assist in document review. Predictive coding is the most recent attempt at taming the electronic data behemoth that presents itself as millions of pages for review. Clearly, one cannot apply the same methods that were established when a matter involved boxes of paper to massive volumes of electronic data. But does this new technology render keyword search obsolete? Is predictive coding inherently superior, or can they serve as complements?
It's a given that a law practice will not thrive, or even survive, if it doesn't set an impeccable standard for client confidentiality. In today's technology-driven world, however, the process of managing and securing that crucial, private information has never been more complicated. While having access to multiple modes of communication offers flexibility, the tradeoff is often the risk of lost information or unauthorized access.
How, then, can you guarantee that your clients' information remains easily manageable - and for your firm's eyes only?
The legal industry has been protected from market forces since the Greeks were orating in the town square, give or take a century or two. Today the business of law is losing its protected status as market forces are impinging. The attorneys’--and, thus the law firms’ --entrenched attachment to paper exemplifies yet again the legal industry’s resistance to the mandate of market forces to migrate toward electronic and digital records.
The thinking that ‘it is cheaper to store paper records than it is to scan them’ is misguided, simplistic, and just plain wrong.
For some time now, I have encouraged law firms to embrace change or pay the price of irrelevancy. It’s been my contention that because of the wide scale proliferation of mobile and cloud computing, 21st century legal consumers expect more from their legal counsel than ever before. They are used to instantaneous access to information and are more discriminating and demanding. They seek affordable, convenient, 24/7 access to legal representation using the latest technologies.
In early 2013, nQueue embarked on a project to better understand and share its customers’ cost recovery strategies. While there have been a number of industry surveys over the years on expense data capture, we chose instead to study actual law firm capture and billing rates. By analyzing what firms actually do—rather than what they say they do—we are to provide detailed and accurate benchmarking data. The result is nQueue’s Cost Recovery Data Capture and Rate Report.
At first glance, deduplication filtering is perhaps one of the easier concepts to understand for newly minted e-discovery practitioners. Most of us are taught that individual items that comprise electronically stored information (ESI) each have a unique “fingerprint” that may be used as the basis to automatically identify and filter exact duplicates that inevitably exist within a universe of collected ESI.
Are law firms big and small appropriately acclimating to the rapidly changing legal landscape or are they simply employing stop gap measures to make ends meet? Last month, the authors of an annual report on the U.S. legal profession attempted to glean the answer to that tricky ques-tion. And two New York City legal conferences also provided interesting insight on this topic as well.
Snow and ice have been blanketing most of the Eastern U.S. with regularity over the last 2 months, and the first week of February saw no reprieve. Despite significant flight cancellations and adjusted travel itineraries, many of the legal industry's top CIOs and Directors trekked to the annual CIO Forum, hosted by American Lawyer Media (ALM) at the Midtown Hilton Hotel in NYC.
Professor Richard Susskind OBE is a well-known author, speaker, and independent adviser to major law firms. His particular area of expertise is the way in which IT and the Internet are changing the work of lawyers.
Last week, we interviewed Susskind and because not everybody is able to attend one of his fascinating lectures, we decided to ask Susskind questions submitted by our international readers.
This article is based on a transcript of the interview. Topics discussed by Susskind include the Flaherty Suffolk Technology Audit, the surviving chances of small law firms, the future role of automated legal expert systems and the paperless firm. Susskind also provides advice for young starting lawyers.
Last week, Hyperion Research - a unit of Hyperion Global Partners - published a new MarketView™ report: “Business Process Management Solution for Law Firms”. The 81-page report thoroughly evaluates vendors providing Business Process Management (BPM) systems with a specific focus on the legal vertical. Legal IT Professionals received a copy of the full report to review for our global readership.
At any given time legal organisations are processing staggering amounts of electronic and paper-based information - a law firm with 100 staff will typically consume two million sheets of paper per annum alone. This equates to hundreds of hours’ worth of time that barristers, solicitors and law firms have to spend manually managing documents such as disclosure and contractual agreements, instead of working on higher value tasks that really matter and generate profit.
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