The Latest Buzz (April Newsletter)

The Buzz (Newsletter)

A Note from Nancy
One of our goals for 2019 was to reflect on our mission and how we communicate it to you, our clients and colleagues. So we distilled down the core principle connecting the broad set of challenges we help firms address. Put simply: We Implement Insight.
 
In the year ahead you’ll learn more about how we can enable you achieve new levels of insight into your firm’s business. Today, that deeper understanding is critical to drive efficiency, improve performance and enable growth, by tackling challenges in areas including business intelligence, information governancebusiness intake, IT architecture, merger readiness, cost management and more. In 2019, if you’re looking for greater insight, look to InOutsource.
  
With warmest regards,
 
— Nancy Beauchemin, President and Founder
Nectar (News & Views)

ARTICLE: The Reckoning: A Strategic Approach to Cost Containment in Retention

IAre you doing all you can to control soaring costs? (Maybe. Maybe not.)

This article discusses a multi-pronged approach to cost containment in records management and retention.

Over the years, we’ve helped many firms reduce costs and get the most out of their vendors in records and information management. Read on for insight into strategies and best practices for reducing costs (for your firm and your clients).

Click for Cost Control (Read more)

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THE HIVE MIND: Ballard Spahr + Qlik

InOutsource Delivering Analytical Insight

The has selected the Qlik Sense Enterprise business intelligence platform for data visualization. Said Lisa Mayo, Director of Data Management:

“The InOutsource team has been a joy to work with as we developed proofs of concept to share with various groups of users. InOutsource’s understanding of data cleansing processes has been tremendously valuable, and has helped us to get more out of our historical data and better insights from our BI tools.”

Read more

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SIGNALS AND DIRECTIONS: Nexsen Pruet Knows

Towards a more “professional” services firm

Howard Janis was recently featured in this engaging interview, describing how he’s working in his new role to implement new levels of management and organization change.

Read about his perspective on affecting change, including improving records retention and disposition (collaborating with InOutsource and FileTrail).

Read more

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ON AND OFF THE RECORD: Nelson Mullin Knows Too

On RFPs, Business Development, Information Governance and Records Management

John Churchill explains how client RFPs are raising the profile and importance of records management for winning new business.

The short version: “As a result, the role of Records Management has become more prominent. The attorneys, Risk and General Counsel all value what we do now.”

Read on for more detail

And for more detail on Nelson Mullins’ “trail blazing” FileTrail journey, see their case study.

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Beeswax (Industry News)

Time for Law Firms to Bet Bolder on Data
In The American Lawyer, Jennifer Roberts of Intapp argues that firms are starting to make better use of data analytics to help drive business — and that hiring data scientists can improve profitability and client satisfaction.

Read more

Moving Law firm IG Into the Future
Darrell Mervau from FileTrail writes in ABA Law Practice Today about the pressures pushing firms to invest in sophisticated IG programs, and how they’re responding in practice.

Read more

Hogan Lovells Invests in Records & IG
Am Law top 10 and leading global law firm Hogan Lovells selected FileTrail to replace its legacy records management system and enable new levels of information governance across the firm.

The firm cited IG policy and OCG compliance as key drivers, along with plans to implement automated retention/disposition processes and take advantage of advanced matter mobility capabilities.

Read more

AI is the latest buzzword making waves. But is it really? And is it real? (It’s been reported that 40% of startups claiming to be using AI are being a little too “artificial” with their marketing…) ILTA and the Blickstein Group are investigating, planning to publisher a report prior to ILTACON 2019 that will separate the hype and hyperbole from hard facts. The report aims to review 60 AI-infused solutions and how well they perform. We’re looking forward to reading the results.

Read More

Swarm (Connect Live @ Events)

We’ll be attending several ILTA Roadshows presented nationally over the next few months:

ILTA ROADSHOW: Today, stricter client demands and tougher industry standards are placing new pressures on law firms to enhance their information governance capabilities and practices. With clients asking for increasingly detailed information on how firms apply, review and manage policies internally.

RFPs are now asking for very detailed information on Information Governance practices. This coupled with the increase in client mobility and lawyer movement has added to the burden on resources. How will firms meet the overarching IG demands from their clients. How can firms automate, client and lawyer mobility, manage Outside Council Guidelines, and have tools to centrally manage policies and apply them across the enterprise?

ROADSHOW SCHEDULE:

Washington DC (April 23)
Kansas City (April 24)
Chicago (April 25)
New York (May 9)
Miami (May 15)
Atlanta (May 16)
Denver (May 29)
Seattle (May 30)

Intapp Invitation: “Join your peers and industry experts at Intapp Connect and learn how delivering modern experiences, and overall value will set your firm apart for both your clients and also your employees. Be inspired exploring best practices, trends, technology and solutions at this unique event program.”

We all had such an amazing time at the last Intapp user conference, we know Connect 19 is sure to delight all comers. If you’re attending, make sure to connect live with our team in New York!

Learn More and Register
(Complimentary registration code: TWITTERVIP)

The Bee's Knees

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