As law firms continue to amass vast repositories of data, it presents not only value propositions also a myriad of management opportunities.

Tanenbaum Keale LLP Chief Technologist Kenneth E. Jones explores in his latest column for Legal Executive Institute how to be mindful of the entire continuum of relative data management factors when considering the data a law firm retains.

He writes that many factors have rejuvenated the need for “a fundamental rethinking of data management.” These include 1) more frequent client audits, 2) regulatory considerations, 3) the voluminous amount of data retained for data mining and analysis and 4) the fact that storage is now incredibly inexpensive.

Jones recommends documenting the data a firm has, how it is used, where it is stored, and, most importantly, regularly evaluating whether the data collected continues to add value to the enterprise.

To read the full column, click here.