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Lex Connect Curated Reading List February 15, 2017

 

     
       
     
 
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With the overwhelming volume of content available online, it is easy to
overlook quality articles containing the valuable information you need.

Fear not, we have curated the best legal operations and technology
articles currently available for your convenience.

Sit back, relax and enjoy your 30 minutes of power reading!
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What We Learned at Legaltech…or Legalweek

Another Legaltech Show has come to an end, and this year saw a lot of changes. The event rebranded itself to Legalweek, with Legaltech being one of a number of sub-conferences going on. There seemed to be fewer exhibitors but more quality attendees, perhaps a result of the consolidation in the eDiscovery market over the last few years. The Yerra booth was busy and we hosted a session on compliance and eDiscovery and a great party called Yerra Games, a tradition we plan to continue! Here are some of our key takeaways from this year’s show.


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To Cut eDiscovery Costs, Legal Departments Question Outside Counsel

As the amount of data retained by companies grows, corporate legal departments face increased pressure to control the costs associated with e-discovery. One way they are looking to cut e-discovery spend is by questioning outside counsel, according to high-level in-house lawyers.


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Legal Services: Making Firm Allies

The competitive landscape for legal firms has always been challenging. But with legal research software replacing the work of associates and “alternative fee arrangements” lowering revenue, it can seem ever more difficult for law firms to get hired by clients in corporate legal departments.


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Legal Departments Find Value in Keeping Work In-House, Report Says

In order to react to increased pressure to be as efficient as possible, legal departments are bringing work in-house instead of relying on outside counsel, according to a report released Monday by ALM Legal Intelligence. While this may cut costs, the report also considers whether this "reflexive insourcing" creates a risk for the company.


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The E-Discovery Bots Are Coming: Machine Learning in Preservation and Collection

The preservation and collection stages of e-discovery remain expensive and are often poorly understood and executed, and the issues that ensue cascade down to organizations of all levels of types: For example, the 2014 "Preservation Costs Survey" found that larger companies spent over $40 million annually on preservation.


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Data Security, Actual AI and Law’s Acceptance of Tech Spell the New Forefront of Law

If last week’s Legalweek conference is any indication, AI, data security and approaches to legal technology are likely to continue evolving across the next year.


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Staying Strategic: Differentiating in eDiscovery During Market Consolidation

The eDiscovery market faced rapid consolidation in 2016. While business remained steady, software convergence prompted well over $1.5 billion in service provider consolidation—that’s counting only the three transactions below.


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