Getting quick answers to operations-related questions from general counsel can be challenging in law departments where data is kept in siloed systems and non-standardized formats. Even as technology makes data far more accessible, it is not uncommon to see legal professionals scrambling to locate critical data like the spend for a particular matter or the total hours billed by outside counsel.
The inefficiency caused by this disparate data wastes a significant amount of valuable time within law departments and, with no shared source of truth, it creates an environment of uncertainty around the data being accessed. Multiple data sources can also invite risk when organizations fall out of regulatory compliance or become more susceptible to data breaches because they have too many data sources to secure.
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