The cloud, perhaps one of the most disruptive technologies to date, has upended business practices in many industries. For the legal profession, the cloud presents both “an ominous problem and a great opportunity” according to Legaltech News.
According to LTN, the cloud represents opportunity in its “seductively low cost and computing costs.” Yet, it also represents challenges for legal personnel since many firms are behind on the trends and are not cognizant of the recent improvements made to eDiscovery solutions as a result of the cloud. With a focus on what they’ve termed “Intelligent Discovery,” the authors outline three reasons many solutions are not up to par with modern needs and technologies.
Expense and Lack of Predictability:
Discovery, not just eDiscovery, can easily become the most expensive aspect of a legal matter. Due to the inherent, unpredictable nature of discovery, one should not invest in “fixed capacity solutions.”
Traditional software and hardware are limited in that they cannot be easily scaled to suit the needs of a firm from month to month. However, the solution to scale is cloud based eDiscovery solutions that allow for scalable growth that can adjust as needs and capacity adjust. Consider exploring solutions providers who offer all-inclusive subscription pricing to alleviate the unpredictable costs associated with eDiscovery.
In the past, it was difficult for firms to bring their eDiscovery in-house. The solutions were too complex and lacked the intuitive usability that many cloud based platforms now offer.
However, with recent cloud based solutions firms and legal organizations can optimize their workflow by improving access and usability. This can be especially helpful in “internal investigations, labor and employment issues, as well as contracts.”
Obsolete Design: Can’t Scale or Handle New Data Repositories:
49% of corporate counsel have named “the volume, variety and velocity of data” as a top concern.
Antiquated eDiscovery platforms with fixed capacity are not built to scale. Yet, as more and more businesses adopt cloud, the need to incorporate scalable solutions increases two-fold. For example, the article shares: “Many current eDiscovery solutions were not designed for modern challenges such as easily collecting data stored in popular cloud repositories like Office365, Box and Dropbox, or data from remote employees.”
These limitations slow down legal proceedings and ultimately contribute to increased cost.
The answer is to “Future proof your eDiscovery investment” by:
- Evaluating your organization’s overall approach to eDiscovery.
- Reducing the time it takes to complete each stage of discovery.
- Investing in sound preservation practices.
- Taking a highly targeted approach to early case analysis.
eDiscovery can and does enable cost savings for legal personnel. But, in order to truly reap the benefits of new and emerging legal technologies, firms and other legal entities have to consider cloud based solutions for cost savings and efficiency.
Want to read the article in full? Click here to read “3 Reasons Your eDiscovery Solution is Not Ready for the 21st Century.”