Senior Director Marketing, FTI Consulting
The Friday after LegalTech is a time for reflection, catching up on e-mail and for many exhausted teams and participants some well-earned rest! I’m definitely in the ‘reflection’ category today – thinking back on the eight LTNYs I’ve attended over the last ten years and tracing the evolution of the show and the industry through each year’s hot topics – from form of production (remember the imaging vs native file debate!?) to ECA to predictive coding to information governance to data privacy and security.
As many themes hold sway for a few years, (predictive coding may be the reigning champ with a 2011-2014 run) 2015 saw the conversation about information governance that started in 2014 continue and mature. Rather than focusing on unrealistic ‘boil the ocean’ IG approaches, attendees and thought leaders alike were interested in practical and truly effective forms of IG – such as back-up remediation, sensitive data identification/quarantine and application decommission. There seems to be a growing understanding that IG is a series of actions an organization can take – using people, process and tech – to truly accomplish that ‘proactive instead of reactive’ thing we’ve all been working on since someone first requested backup tapes as part of an RFP.
Also a true focus on data privacy and security emerged at LTNY 2015. The Day 1 keynote on the topic featured a panel of luminaries from Facebook, Google, Twitter, Tumblr and Microsoft whose discussion ranged from the how few companies are prepared for breaches (only about 4 hands out of hundreds went up when the panelists asked how many performed annual security drills) to cloud provider security concerns to extraterritorial privacy rights with regard to data. Additionally, the existence in the news of several high profile breaches with legal consequences seemed to emphasize the topic as ripe for discussion - and action - by the legal technology community.
Big Data and analytics were also strong themes of this year’s show. In the exhibit hall, in the sessions and in the private meetings many a conversation circled back to how to deal with today’s huge data sets. There is definitely an acknowledgement that linear e-discovery is no longer an option for many cases and that newer visual methods of review offer the only way to get through data sets without breaking the bank. And as a disruptive force, nothing may be a more powerful agent for changes to legal culture, methods and technology than sheer volume.
So as we close the book on another LegalTech, it’s time to do what we do every year, which is take the themes and topics that emerged over the last few days in icy NYC and apply them to our particular patch of the legal technology world – whether that be representing clients, creating policy, protecting an organization, building technology or providing services. Judging by this year’s hot topics, 2015 is going to be an interesting year with e-discovery playing an ever bigger part on the world stage…
The views expressed herein are those of the author(s) and not necessarily the views of FTI Consulting, its management, its subsidiaries, its affiliates, or its other professionals.