publication of the International Legal Technology Association
Issue link: https://epubs.iltanet.org/i/1061453
51 WWW.ILTANET.ORG | ILTA WHITE PAPER KNOWLEDGE MANAGEMENT Law Firms Harnessing the Power of Data A nimble, multi-connector enterprise search platform such as Aderant Handshake that can index from both internal and external sources. An information provider such as Bloomberg Law that is open to feeding metadata around traditional print materials. In order to create a user-friendly environment, the firm creates a feed process that translates between multiple external providers and allows single sign on access. This creates a streamlined experience and immediate time and efficiency gains. Imagine a young lawyer who needs to find controlling law on a specific antitrust issue that involves US, UK and French law. This lawyer is working with a team of lawyers in New York, Paris and London. Each of them is able to go to the firm intranet, access the internal enterprise search system, type in a few key terms and receive a list of secondary resources available from any research provider. If any of the lawyers click on the resource title, it seamlessly logs the lawyer into the online book with no password or client maer tagging required. All lawyers around the firm have access to the same resource at the same time. Data Store Creating a full view of what happened in a law firm's own maers is challenging without external data sources. This is where external data providers, enterprise search and experience management systems can work together to create a holistic view. The data store concept centers in the idea that law firms must understand their maers in order to provide beer price, budget, staffing and overall counsel to clients. To do this, firms must have the following key pieces: 2 1 AI & EXTERNAL DATA COLLECTION NEW BUSINESS INTAKE DATA POINT COLLECTION VIA WORKFLOW CASE/DEAL DEBRIEF Beginning of File Time or Financial Intervals Passive Collection Closure of file The data store concept centers in the idea that law firms must understand their matters in order to provide better price, budget, staffing and overall counsel to clients.