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Monday, September 26, 2022

Common Data-Related Challenges Law Firms Face Today

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Data is the lifeblood of any law firm. Without it, you can’t do your job, and that means no income. This is why taking care of your data is so vital, which can be tricky to manage. Here are some common challenges that law firms face when trying to protect their clients’ information:

Create a secure IT plan that works for your firm

A cloud based legal system is the most common choice because it’s convenient, secure, and gives you access to your data anywhere. However, if you don’t have a dedicated IT team at your firm or an internal cloud service provider to manage for you, this option might not be right for you.

If you do need an outside Cloud Based Legal System to help set up and maintain your network, make sure they understand your business goals and budget as well as security needs.

Find out who has access to security data

In a high-pressure environment, it’s easy to forget about important details. One of the most common mistakes made by law firms is not knowing who should have access to what data. The issue is particularly prevalent in smaller firms, where fewer people have access to company files and less organization overall.

Make sure you are compliant with all current regulations

The first step to ensuring that your data is secure is to comply with all current regulations. Many regulations apply to law firms, including those from the SEC and FINRA (Securities and Exchange Commission and Financial Industry Regulatory Authority). If you’re unsure about any of these laws, talk to a legal expert on your team or consult an attorney specializing in compliance issues.

Create a disaster recovery plan

A disaster recovery plan is a document that outlines how your firm will respond to a disaster. It’s essential to have one in case something goes wrong, so you can make sure that everyone knows what they’re supposed to do and how long it should take them to do it. It would be best if you also had an offsite backup plan in place—a service that stores your data remotely and makes sure it’s accessible at all times.

The first step toward creating your disaster recovery plan is figuring out exactly what type of technology you’ll use for storing client data (i.e., cloud storage vs. on-premises). Once you’ve decided on this, decide whether or not you want the clients’ info to be encrypted while being transmitted over the internet (this adds additional security). You’ll also need someone who can manage this process; if there isn’t anyone currently working at the firm with these skills already, consider hiring someone new who specializes in them!

Determine your short, medium, and long-term goals for your data

Whether you’re on a law firm’s IT team or just a lawyer who wants to be more efficient, consider the following questions before setting up your next cloud storage strategy:

  • Do you need to store this data for the long term?
  • How does your organization currently manage its data?
  • What kind of policies do you have in place now regarding retention periods, access controls and security measures?

If you’re just starting as a lawyer or are already in the game, you might have heard of the term “data-driven legal practice.” This concept is based on the idea that data analysis can help law firms better understand their clients and their cases, which in turn helps them make more informed decisions about how they want to proceed with each case.

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