Extract from Sarena Regazzoni’s article “Navigating the New Norm: Data Retention and Preservation in the Legal World”
In the third post of our series on the 2023 Legal Industry Collaboration Data Survey, we delve into the evolving strategies for data retention and preservation that have emerged in response to the growing use of digital collaboration tools in the legal sector. This shift is pivotal in understanding how legal entities are adapting to manage the increasing volume and complexity of digital data.
The Evolving Landscape of Data Management
The legal industry’s approach to data retention and preservation is undergoing a significant transformation. According to the survey, 58% of legal entities reported a shift from traditional, broad-based data retention strategies to more selective and strategic methods. This change is not just a trend but a necessary adaptation to the complexities of modern data management.
Key Factors Driving the Shift
- Volume and Complexity of Data: With a 62% increase in the volume of digital data managed by legal firms, as reported by the survey, the need for more efficient and targeted data management strategies has become paramount.
