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The Impact of Automation on Critical Workflows for Legal Teams In E-Discovery
Automation is transforming industries across the board, and the legal sector is no exception. In the realm of e-discovery, automation is revolutionizing how legal teams manage their workflows. This article explores how automation impacts critical workflows for legal teams in e-discovery and provides valuable use cases and actionable tips to ensure that your e-discovery processes are positively impacted by automation.
Automation In E-Discovery
Automation in e-discovery refers to the use of software and technology to perform tasks that traditionally required manual intervention. This includes everything from identifying relevant documents, to preserving data, to conducting document review. With the increasing volume of electronically stored information (ESI) held by organizations today, automation is not just beneficial. It is essential for legal teams.
High-Level Overview of Benefits
Repeatability
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Top 5 Strategies for Managing the End-of-Year Collections Frenzy
End of year collections are crucial for law firms because they allow them to maximize their revenue for the year, impacting profitability, partner distributions and bonus calculations by ensuring outstanding invoices are paid before the year closes, which is especially important for meeting financial targets and managing cash flow throughout the firm.
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Tax Treatment of Judgments and Settlements
Counsel should include in its analysis of a case the taxability of the anticipated and sought after damages as the tax effect could be substantial.