Legal firms used to store their data as hard copies. They had been reluctant in digitizing until they realized how they would need additional highly secured storage space for all their hard copies. Nowadays, most legal firms rely on cloud storage. Cloud storage makes file storage a lot easier and a lot more accessible since searching for files and analyzing data sets can now be easily done with a single click.
The technology of big data is premised on the ability to analyze not only text but many other data types such as pictures, email, video and voice. This allows lawyers to look for patterns and correlations across vast data sets previously inaccessible.
New and growing law firms can also now be competitive with multinational firms by utilizing technology and maintaining a wider, less dense footprint. Big data storage has been useful for legal practitioners; imagine not needing to hire numerous paralegals or interns to dig hundreds of files. You can now get to specific data that you urgently need because a better and bigger file storage system can now be used by legal professionals.
However, managing large amounts of data has always been a challenge especially in the legal industry where data needs to be entered manually. The process usually starts with paralegal or court reporter recording the court proceeding. They can then do the transcriptions themselves but when they are faced with a lot of work, this can create a huge mess. Nowadays, it is more convenient if you let professional legal transcription services to do the transcriptions for you. With professionals working on the transcriptions, courthouses and law firms can more optimally utilize a paralegal or court reporter by letting them focus on the more specialized aspects of their job while getting the transcriptions at a lower price than handling them in-house.
Using big data storage has proven its usefulness to most legal firms. Using it in other industries has also had good results. The Human Resource industry can also benefit from big data by reducing paperwork and physical storage requirements without sacrificing the volume of data captured.
Big data is only starting to gain traction in the legal industry and it still has a long way to go. The confidential information that law firms are dealing with is one of the primary reasons why the legal industry has been reluctant to digitize their data storage system. For many firms, big data may pose a lot of risks and challenges in the beginning but mitigating them is fairly easy. In the end the only way to innovate and be one step ahead of the competition is to adapt and make technology work for you.