How to Prepare for 2021 The key-takeaway here, sadly, seems to be that 2020 problems won’t be going away in 2021. The industry is going to continue to rapidly evolve, and organizations will need to be prepared for that.
- Organizations will need to continue to stay on top of data privacy regulations, as well as understand how their own data (or their client’s data) is stored, transferred, used, and disposed of.
- Remote working isn’t going to disappear. In fact, most organizations appear to be heading to a “hybrid” model, where employees split time working from home, from the office, and from cafes or other locations. Organizations should prepare for the challenges that may pose within compliance and ediscovery spaces.
- Remote working will bring about a change in employee recruiting within the legal tech industry, as employers realize they don’t have to focus talent searches within individual locations. Organizations should balance the flexibility of being able to expand their search for the best talent vs. their need to have employees in the same place at the same time.
- Prepare for an increase in litigation and a surge in ediscovery workload as courts open back up and COVID-related litigation makes its way to discovery phases over the next few months.
- AI and advanced analytics will become increasingly important as data continues to explode. Watch for new advances that can make document review more manageable.
- With continuing proliferation of data, organizations should focus on their information governance programs to keep data (and costs) in check.