What do you think will be the single most defining technical or operational feature of the next 1-5 years in law? And then, same question – but over the next decade?
Over the next five years, we can expect to see a big “mindset” shift in the way law firms and organizations view and use their data, moving from a cost center model to a revenue center model. Many legal teams today understand the need to preserve and collect information to respond to a discovery request. In the future, however, they will also become responsible for leveraging data to improve efficiencies in their organization. These responsibilities may range from remediating sources to reduce storage costs to helping design information governance for their organization.