Issue link: https://epubs.iltanet.org/i/45522
SIX KEY AREAS OF INTELLIGENT LEGAL INFORMATION MANAGEMENT Meaning-Based Conflicts Management: Solutions that leverage a meaning-based approach to conflicts management are able to uncover previously buried information assets to vet new business and lateral hires more quickly and soundly. When content from all enterprise repositories — including unstructured data such as voice recordings, video and social media interactions — are indexed using a unified platform, the capabilities of the solution can be leveraged to uncover tacit relationships within the data. Using a single platform across the enterprise ensures that all information is available for intelligent search; advanced platforms allow for the extraction of names of companies and people from unstructured text, as well as the automatic categorization of search results into intelligent clusters, ranked by relevance. These capabilities enable firms to: • Get accurate results faster regarding potential conflicts, which speeds decision making • Initiate engagements more quickly • Accelerate the process of obtaining and adhering to waiver letters • Ensure that clients have the protection required, allowing billable work to commence quickly, saving time and yielding higher revenues DISCOVERY AND LEGAL HOLDS Since the amendments to the Federal Rules of Civil Procedure (FRCP) in 2006 and the ensuing flood of case law, e-discovery has been an ever-present topic on the minds of counsel. Technology tools exist that are designed specifically to help solve the challenge of • Litigation readiness by providing search and export functions for the data, and enabling legal teams to set holds on archived content • Compliance by enabling regulated entities to capture, index and store content according to specific regulatory requirements Early Case Assessment: Document review is one of the most costly phases of the e-discovery process. Early case assessment (ECA) is becoming a common method for first-pass, high- level analysis and culling to reduce the volume of data sent to review. The deployment of ECA www.iltanet.org Risky Business 11 governing ESI, but it is important to understand the risks and benefits of using these tools. The following five areas comprise a comprehensive, end-to-end e-discovery and information governance platform: Email and Content Archiving: Email and content archiving are anchors for almost every platform-based governance and discovery strategy. Messaging systems are particularly well-designed for delivering mail, but are not well-suited for high-volume compliant storage, governance, records management, legal hold or e-discovery. File shares, SharePoint and application databases very often lack the proper governance controls, making them obvious data sources to archive. Archives serve a few key functions, including: • Operational and risk management by enabling lifecycle management of previously uncontrolled data