We’re delighted to announce that Davis Wright Tremaine, an Am Law 100 firm with more than 550 lawyers, has selected the FileTrail Governance Policy Suite (GPS) for information governance.
Leading law firms are rethinking information governance — taking a more holistic approach to data management, embracing automation, and recognizing the critical importance of records management. According to the IG Initiative Annual Report, 94% of law firms identify records management as a key part of IG, ranking it higher than e-discovery (86%), risk management (77%) and compliance (88%).
As we look back at 2018, we reflect on a few key findings in ILTA’s 2018 Technology Survey with regard to information governance and records management, which show continued focus and growth in these areas across the 431 firms who responded:
This week, FileTrail announced its partnership with Tikit- the leading global provider of legal software solutions. The result is a strategic partnership between their two areas of expertise to create innovative and complete solutions for their client base. Today law firms of every size can deploy a holistic solution to the complete document life cycle ecosystem.
The legal services market is fluctuating at an increasing rate, and attorneys are moving to other firms in an effort to advance their careers or achieve a better work/life balance. In this environment, many firms’ back-office operations are spending more resources performing file transfers and returning files to clients—processes that are complex, fraught with risk, and very expensive.
As Shook researched options for replacing LegalKey, it aimed to find a modern records management platform that not only worked with NetDocuments, but that also addressed its complex information governance requirements. In FileTrail the firm found a holistic solution that integrates with NetDocuments, as well as automates the execution of all IG policies throughout both the RM and DM repositories.
Think about how quickly data grows at law firms. Every new matter is accompanied by paper records and electronic files, many of which are governed by Outside Counsel Guidelines (OCG) for when data should be destroyed or returned to the client. Moreover, OCG becomes increasingly complex every year, which is further compounded by rapidly expanding government regulations. Recently, we’ve seen their impact with the rollout of the EU’s General Data Protection Regulation (GDPR) on May 25, 2018.
This month, leading industry publication Peer to Peer: The Quarterly Magazine of ILTA invited FileTrail to share its industry expertise on information governance. In particular, how new and evolving industry regulations are transforming the way law firms approach retention and disposition of physical records and electronic documents.
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