Recently, Law.com published a Legaltech News product review of FileTrail GPS (Governance Policy Suite). Reviewer Sean Doherty also evaluates how effectively FileTrail GPS automates retention policies.
Law firms understand the importance of policies and procedures to manage the vast amounts of information in their possession. However, many firms run into problems when it comes to executing their information governance (IG) policies, due to high costs and complexity. Inconsistent application of IG policies is a major industry concern that puts law firms everywhere at significant risk.
Managing retention policies is particularly challenging. Many firms track retention policies manually, using spreadsheets. When retention periods expire, identifying which records need to be reviewed and disposed can be very time-consuming. Identifying which stakeholders need to review the list of records to be destroyed, emailing them, and/or chasing them for approvals can also be an administrative nightmare.
The Legaltech News review examines FileTrail GPS functionality in-depth. It concludes:
“If you’re looking for a silver bullet for [document retention] problems, investigate FileTrail’s Governance Policy Suite (GPS), a purpose-built, web-based platform designed to implement information governance (IG) and retention policies on physical and electronic records.”
Read the full product review here. “Review: FileTrail GPS for Law Firms Reins in Documents from the Outer Limits of Retention“