Credit: Rawpixel.com/Shutterstock The Top 3 Reasons to Build a Digital Records Room
As a part of firms' strategic thinking for 2022, firms need a strategy for onsite paper, i.e. their onsite records rooms. Here are three reasons a digital records room is way past due.
November 18, 2021 at 09:00 AM
6 minute read
Information Governance and Compliance
The fiscal year for law firms is ending on a high note—with more to come. Thomson Reuters' most recent data shows that a solid majority of firms (70%) predict that the moderate to high growth in demand experienced in 2021 will continue well into 2022. Regarding operational planning for 2022, the top 5 tactics law firms will take are:
|- More efficient real estate/rethinking space;
- New practice tools to drive efficiencies;
- Rationalizing secretarial support;
- Improving billing and collections; and
- More technology.
Clearly, many if not most firms are abuzz with talk regarding a more efficient or reconfigured use of their current real estate footprint—but what does it take to achieve this vision of the future? One thing that can hold a law firm back from the new-"visioning" taking place is paper—and the shocking amount of real estate most firms currently dedicate to housing an onsite records room.
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