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Adopting Information Governance in Small and Midsized Firms
The recent focus on information governance (IG) in the legal industry has usually been related to pre-litigation data and information management for clients. The objective of these IG efforts is to prevent the high costs of e-discovery after a litigation has started by implementing pre-litigation policies to regulate a client's data by knowing what data the client owns, where it is, who owns it and how long it should be retained. Concurrently, the law firm itself is undergoing a change in the way it handles its own and its clients' data. The law firm records management industry has been evolving to an information governance framework. The records function within the firm has traditionally been more of a back-end function, with the idea that everything was created in paper, made into an official record, indexed and hopefully regulated by retention schedules.
“But information governance is now making records management one cog in the whole wheel. We're shifting into things like matter lifecycle management, information security, information mobility, matter mobility, especially in law firms, with the transition of attorneys from one firm to another,” says Brianne Aul, senior manager of firmwide records at Reed Smith and steering committee member of the Law Firm Information Governance Symposium. Some of the other elements that make up the IG framework, according to the symposium, are IT systems administration, information governance awareness, firm intellectual property, document preservation, retention/disposition, client information requests, and records and information management.
Why So Many Great Lawyers Stink at Business Development and What Law Firms Are Doing About It
Why is it that those who are best skilled at advocating for others are ill-equipped at advocating for their own skills and what to do about it?
Bankruptcy Sales: Finding a Diamond In the Rough
There is no efficient market for the sale of bankruptcy assets. Inefficient markets yield a transactional drag, potentially dampening the ability of debtors and trustees to maximize value for creditors. This article identifies ways in which investors may more easily discover bankruptcy asset sales.
The DOJ's Corporate Enforcement Policy: One Year Later
The DOJ's Criminal Division issued three declinations since the issuance of the revised CEP a year ago. Review of these cases gives insight into DOJ's implementation of the new policy in practice.
A Lawyer's System for Active Reading
Active reading comprises many daily tasks lawyers engage in, including highlighting, annotating, note taking, comparing and searching texts. It demands more than flipping or turning pages.
Blockchain Domains: New Developments for Brand Owners
Blockchain domain names offer decentralized alternatives to traditional DNS-based domain names, promising enhanced security, privacy and censorship resistance. However, these benefits come with significant challenges, particularly for brand owners seeking to protect their trademarks in these new digital spaces.