As a result of the pandemic, the legal industry experienced a dramatic shift in business-as-usual dispute and investigations activity, including e-discovery. Most organizations pivoted to a remote workforce and legal departments grappled with how to manage a growing workload with fewer resources and smaller budgets, as well as addressing new security and data protection issues brought on by remote work. All this comes at a time when controlling outside counsel costs tops the list of priorities for 89 percent of law department leaders.
In response, organizations have adapted the way they source and purchase legal-related services. Legal departments are placing a special focus on document review, the most costly and unpredictable part of e-discovery. Organizations are accelerating managed review models that were already underway pre-pandemic, conducting a review of their external resources to ensure a return on investment, and increasing the use of automated tools and machine learning technology. Almost one-third of legal departments actually increased their technology budget in 2020.
How to Optimize Technology and Resources to Realize Immediate ROI
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
