In a galaxy not so far away, lawyers in private practice and in-house legal departments are facing the ever-increasing challenge of complex litigation, investigations, and regulatory compliance matters.
In increasingly challenging and competitive climates, it’s crucial for lawyers to embrace innovative solutions that can amplify their capabilities, drive efficiency, and ultimately achieve better outcomes for their clients. Drawing parallels from the iconic space opera, let's explore how managed review services continue to serve as a powerful "force multiplier" for legal teams around the globe, helping to navigate the complexities of modern litigation.
We’ve compiled a list of six key factors that demonstrate the transformative potential of a managed review service alongside top tips from our own galaxy of legal experts.
1. Document Reviews at Light Speed
In the fast-paced world of legal matters, we don’t need to tell you that time is of the essence (even though we just did). Embrace cutting-edge artificial intelligence (AI) and technology-assisted review (TAR) capabilities that streamline document review, saving your team precious hours and reducing costs. By taking advantage of these advanced technologies, your team can focus on other critical tasks and achieve more in less time.
Top tip: Research and evaluate managed review service providers that offer AI and TAR capabilities tailored to your specific legal needs.
2. A Dedicated Council of Experts
When engaging a managed review service, you are not only leveraging powerful technology but also gaining access to a team of experienced legal professionals. With a wealth of experience in various practice areas and industries, these experts can provide valuable insights and guidance throughout the review process.
Top tip: Seek out managed review service providers with a strong track record of assembling teams with diverse legal expertise and industry knowledge to ensure the best possible support for your legal matters.
3. Quality With Consistency Will Be With You, Always
Maintaining high-quality and consistent document review is paramount in any legal matter. Utilize advanced analytics and quality control measures to ensure that the review process is thorough, accurate, and consistent.
Top tip: During the provider selection process, assess their quality control methodologies, analytics capabilities, and track record in delivering consistent results alongside their assistance explaining and justifying those methodologies at court.
4. Security That Won’t Miss
Data security and regulatory compliance are critical in the legal field. Partner with managed review service providers that have built their platforms around stringent security measures and offer a dedicated team to manage data privacy and compliance.
Top tip: Evaluate potential partners on their data security protocols, compliance practices, and any certifications or audits they have undergone to demonstrate their commitment to protecting your sensitive information.
5. The Scalability You’re looking For
Legal matters can be unpredictable, and the volume of data and required resources can change rapidly. Seek out managed review services that offer the scalability and flexibility your legal team needs to adapt to these fluctuations.
Top tip: When evaluating potential partners, consider their ability to scale up or down quickly and efficiently, as well as their capacity to handle fluctuations in data volume and resource requirements.
6. Financial Balance With Transparent Pricing
Legal expenses continue to be a significant concern for firms and their clients. Organizations continue to find budgeting for litigation and investigations incredibly challenging. Opt for managed review service providers that offer transparent, predictable pricing, allowing you to better anticipate and manage your legal costs, and communicate those costs more effectively with clients and stakeholders.
Top tip: During the selection process, inquire about each provider's pricing model, and consider their transparency, predictability, and flexibility in meeting your budgetary needs.
In conclusion, embracing a managed review service as a force multiplier for your legal team can provide you with the necessary tools, expertise, and support to navigate document review with confidence, security, precision, and, importantly, transparency. On this May the Fourth, take a few minutes to consider the benefits of engaging a stellar managed review service like DISCO Review — to help your case teams get to outcomes faster!
May the Fourth of DISCO Review be with you!