Law firms are under increasing pressure to reduce cost. Many firms operating in expensive urban centres are looking to lower their real estate costs, which are often a firm’s second largest expense. Location moves, remodeling, or negotiating lease renewals now involve taking a hard look at how to reduce the real estate footprint – and onsite records and file rooms are a good place to start.
Defensible disposition is a critical component to managing cost and risk, and a key element of law firm Information Governance procedures. Historically, records disposition initiatives have been a significant challenge to undertake, but the proliferation of both paper and electronic records – and associated storage costs – is bringing these programs to the forefront.
Many lawyers work on-the-go, and require immediate access to records and information. By digitising records and leveraging the cloud, law firms increase efficiency and can scale as they grow. As you migrate to a digital way of working, you can focus on core business processes and better leverage your technology investments.