Your organization’s records are critical assets,
whether in paper, electronic or other format.
Properly managed and controlled, these
important resources can enable your
organization to compete, comply with laws
and regulations, and mitigate risk.
Effective conflicts management programs are an important part of a firm’s risk management arsenal. The goal of such a program is to ensure that potential conflicts of interest are identified early and handled appropriately. How strong is your firm’s program?
The best way to control sky-rocketing costs for records storage and retrieval is to develop and implement a records retention schedule. However, law firms that are not yet ready to undertake this process can still realize significant savings by deciding what material will not be stored in warehouses and on computer systems. Setting this policy involves differentiating between records (which should be stored) and non-records (which should not). This article discusses the types of client and administrative material that fall into each category.