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.
Law firms understand the importance of investing in policies and procedures to determine 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.
This month, leading industry publication Law Technology Today invited FileTrail to share its insights about information governance (IG). As a leader in IG software automation, FileTrail’s team have a lot to say on this topic.
Navigating the complexities of IG just got a little easier
After working closely with law firms on their IG initiatives for many years, FileTrail has learned the challenges. Even when law firms set up IG programs, they are often unable to follow through on implementation. High overhead costs and detailed manual procedures mean that compliance with internal IG policies and outside council guidelines often aren’t followed to the letter—or followed at all. This leaves many firms at risk.
Legal consulting firm InOutsource is gaining momentum for its FileTrail technology implementation consultation and services. In the past year alone, 11 law firms-- including seven AmLaw 200 firms--have hired InOutsource to upgrade their records management solution with FileTrail. Some of the firms that have chosen FileTrail include:
Recently, FileTrail released new connectors for law firms looking to integrate their records management and document management platforms. Law firms using NetDocuments, iManage (versions 5 through 10) and OpenText eDOCS can now use FileTrail connectors to allow users access to physical records without leaving their DMS.
Has your law firm applied retention policies to its physical and electronic records?
Most law firms today understand they need to invest time and resources into developing policies and procedures to manage the vast amounts of information in their possession. However, properly executing IG policies comes with numerous difficulties. According to FileTrail’s CEO Darrell Merveau, the issue of retention is only going to become more important in the year ahead.
Most firms understand they need to invest time and resources into developing policies and procedures to manage the vast amounts of information in their possession. However, properly executing IG policies comes with numerous difficulties.
The records management industry has taken notice. Last week, Legaltech News published an in-depth article detailing our latest interface updates and features, which meet the demands of long-time LegalKEY users. The article also provides an analysis of why users would make the switch to FileTrail.