Thanks to the alarming surge of breaches and the inconceivable reams of data, clients are increasingly putting pressure – and in many cases demanding – higher standards on how outside counsel secure their data and manage access to it. A growing number of law firms determined to keep pace with the new challenges created by mounting security requirements and the data deluge are tackling the issues through a different prism, and turning their attention towards becoming shepherds of all the information in their hands by embracing a relatively new approach — information governance.
Up until recently known generally within narrow technical circles, the enterprise-wide approach to the management and protection of a law firm’s client and business information assets has gained increasing attention, especially over the past year. It is a business process that covers the management of all facets of information during its lifecycle, from its creation, use, processing, protection, management, all the way to its disposition.
But information governance is much more than electronic records management on steroids.