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.