Leveraging Document Management Systems for Competitive Advantage
Challenge:
Document version-control becomes an issue when attorneys are working on draft legal documents off-line concurrently with paralegal making updates. Key changes from multiple contributors are absent from final document.
Engagement:
We created internal controls with naming conventions and update protocols. We then implement a world-class document repository system in real-time syncing, single source file storage along with an elaborate tagging system to support complex litigation with hyper-search and recall capabilities.
Law Firm Optimization:
Enterprise document management solution results in firm ROI of 5.1x (over 500%) for a net present value of over $1 million for the first five years with a discount rate of 15%. Results of this in-depth case study published in American Bar Association, Law Practice Today in April 2019, titled Knowledge Management: Build Value with What You Have https://www.lawpracticetoday.org/article/knowledge-management-build-value/
