The Hidden Costs and Risks of Electronic Records Retention

 

Is the unchecked accumulation of digital files across your DMS, file shares and cloud repositories putting your firm in jeopardy?

Since law firms started adopting the first document management systems 25 years ago, we’ve seen tremendous growth in the number of electronic files stored digitally.

The reality is that most law firms today are now storing virtual mountains of digital records they no longer need—including matter files from ex-clients which have been inactive for more than a decade. The costs and risks of this “keep everything just in case” approach are significant— and pose looming threats for law firms that fail to act. This concern was raised repeatedly by information governance leaders during a series of events which FileTrail recently hosted across the U.S. together with ILTA.

dec19 - IG WP (1)

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