LTN Law Technology News
  • Home
  • News
  • Reviews
  • Commentary
  • Surveys
  • Events
  • LegalTech® Directory
  • About LTN
  • Register
  • Topics:
  • E-Discovery & Compliance
  • Litigation Support
  • Practice Management
  • Office Tech
  • Mobile Lawyer
  • Research & Libraries
  • Tech Law

Home > Big Data Dip

Font Size: increase font decrease font

Previous

  • 1
  • 2
  • 3

Next

Big Data Dip

February 1, 2013

  •    
  •    
  •    
  •       Comments (1)
 

"TAR may be appropriate for large volumes of data subject to discovery that would otherwise be cost- and time-prohibitive to review manually based on deadlines," Mackay says. Such approaches enable review managers to be more effective in allocating workflow to associate and contract review resources, achieve more consistency and optimize senior attorneys' time.

Analytics software can also help law offices optimize a variety of time-consuming business and management tasks, such as caseload distribution, revenue projection, fee forecasting and ?client data organization.

Dean Gonsowski is senior e-discovery counsel at Mountain View, Calif.-based analytics software publisher Symantec. He notes that when representing a client in a patent infringement suit, a law office could use analytics to develop a reasonable fee estimate by processing and analyzing data gleaned from its involvement in previous, related suits.

"In like manner, such an estimate could help the law firm project its revenue streams on that suit and assist with overall budget forecasts," he adds.

Getting Started. A law office considering a move into big data analytics should begin by taking a close look at the data it's currently storing and how that information is being used.

"A value-focused analysis will help determine what information should ultimately be kept and for how long," Gonsowski says.

Effective big data management and use begins with four basic steps, says Gillis. "Develop a strategy for information governance; establish rules for defensible deletion; prioritize data sets; and select best technology tools."

Mackay suggests creating a project management and oversight team. "It should be comprised of senior-level management, with representatives from IT," she notes. "Outside specialists, including consultants and e-discovery providers, can complement these teams by offering specific expertise."

She also recommends creating a ?culture of information governance. "The law office should establish a comprehensive structure that supports all of its data along with processes and roles that outline how data will be handled."

"Within such a structure, data can thrive as an asset rather than a liability." The structure, she says, should include a strategy for easily retrieving useful data, as well as data that has current business value, while avoiding a "keep everything" policy, which can actually make data a liability.

Continue reading

Previous

  • 1
  • 2
  • 3

Next



Subscribe to Law Technology News

You must be signed in to comment on an article

 

Reader Comments

  • Matthew Nelson

    February 27, 2013 07:01 PM

    Thanks for adding a new twist to the Bid Data and Predictive Coding discussion John. Have you seen the latest predictive coding case dealing with an attorney fee award exceeding $12m? http://www.clearwellsystems.com/e-discovery-blog/2013/02/14/breaking-news-over-12-million-in-attorney-fees-awarded-in-patent-case-involving-predictive-coding/

Comments are not moderated. To report offensive comments, click here.

Post a Comment »
Find similar content

Companies, agencies mentioned

    
  • Vestige Digital Investigations
  • Catalyst Repository Systems
  • Xerox Litigation Services

Key categories

    
  • E-discovery
  • Networking, Storage, Content
  • Law Firm Associates
  • Office Gear

Most viewed stories

    
  1. 10 Devices You Should Never Take Along on a Business Trip
    •      
  2. Is Stanford Law the New Vortex of Legal Technology?
    •      
  3. Big Law Whipped for Poor Tech Training
    •      
  4. Using Computer Forensics to Investigate IP Theft
    •      
  5. Redacted Emails Ordered Released in Aaron Swartz Case
    •      
  6. CEIC: the Destination for Digital Investigation
    •      
  7. How the Predictive Coding Process Will Affect Paralegals
    •      
  8. Judge Opens Toyota's Secrets to Additional Attorneys
    •      
  9. Collaboration Is Key to Defending Cyberattacks
    •      
  10. Law Technology News Goin' Mobile With ALM
    •      
lawjobs.com

TOP JOBS

MORE JOBS

POST A JOB

From the Law.com Network

EEOC Gets Tough With Companies on Genetic Privacy

Retailers Facing Employment Law Vulnerabilities

Amid Spy Scandal, Russia Boots Baker & McKenzie Lawyer

Survey: Firm Leaders Admit Downturn's Permanent Impact

Contrite Companies Can Win Forgiveness in Bribery Cases
  •      
    • Subscription Required

Plaintiffs Want to See Toyota's 'Crown Jewels'
  •      
    • Subscription Required

Cisco E-Book Delivers Ethics on the Go

Collaboration Is Key to Defending Cyberattacks

Prolific ADA Plaintiff Faces Nemesis in Harassment Suit

Ullyot Exit Closes Chapter for Facebook

Fla. Attorneys Lead Force-Placed Insurance Fight

Lawsuit Names Missing Fla. Attorney for Alleged Fraud
  •      
    • Subscription Required

Loaner Judges Helping Essex Cope With Persistent Vacancies
  •      
    • Subscription Required

Surrogate Faces Suspension for Political Activity, Drunken Driving
  •      
    • Subscription Required

The Affordable State-Specific Practice Solution
Available in NY, NJ, PA and CT editions - research, draft and prepare even the most complex cases with ease.

Court System, Counties Agree on 3 Court Facility Upgrades

Guardian Who Delayed Final Account Must Pay Referee Fee
  •      
    • Subscription Required

Perelman's Case Against Arlin Adams Thrown Out

McVay Wins Superior Court Nod With Western Turnout
  •      
    • Subscription Required

Law Schools Are Looking Beyond LSATs, Says Mich. Dean

Is Freezing Your Eggs the Solution?

Advising Clients on Weather and the Workplace
  •      
    • Subscription Required

Texas Sues BP, Transocean, Halliburton, Anadarko Entities
  •      
    • Subscription Required

Insurer Beats Bid By Bilked Client
  •      
    • Subscription Required

Barnes Asks For Court-Appointed Lawyer To Help Defend Brooks

Corporate Bribery Case Part Of National Trend
  •      
    • Subscription Required

Court Continues To Grant Lawyers Fraud Immunity
  •      
    • Subscription Required

  • Contact LTN
  • Editorial Guidelines
  • Magazine
  • RSS Feeds
  • LTN Awards
  • Bookstore
  • Site Map
  • About |
  • ALM Properties |
  • ALM Reprints |
  • Customer Support |
  • Privacy Policy |
  • Terms & Conditions |
  • ALM User License Agreement
ALM Media