News & Events |
HOLMDEL, NJ — Jan. 31, 2011 — National law firm LeClairRyan is pleased to announce plans to work jointly with Index Engines, a leader in enterprise discovery solutions. This collaboration is the foundation of LeClairRyan’s new Legacy Data Risk Management service, which will serve to advise clients on best practices for managing legacy data to reduce risk and minimize future eDiscovery costs.
In today’s climate, proactive management of corporate records is critical. Legal regulations and government oversight require organizations to consider the risk associated with retention of historical records, many of which are not required for any business or legal purpose. Moreover, the cost of long-term retention of such records can be significant and continues to grow. Companies have been challenged in the past to address these issues because of the difficulty and cost associated with identifying legacy data that can be disposed of without unreasonable risk to the enterprise. However, advances in technology now make it more practical and economical to access such data, enabling companies to make reasonable disposition decisions in accordance with corporate policy.
LeClairRyan offers clients experienced oversight for the creation and implementation of data retention policies and data remediation programs and by teaming up with Index Engines. These policies and programs can now also be applied to historical data locked away on backup tapes.
“The effectiveness of a retention policy is proportionate to the amount of data a corporation applies it to,” said Dennis Kiker a partner in LeClairRyan’s Discovery Solutions Practice. “By partnering with Index Engines, LeClairRyan offers our clients the ability to apply policy to even the most difficult to access data on backup tapes and other media, often resulting in a positive return on investment as a result of reduced storage costs.”
“Undiscovered data contained on legacy backup tapes is a risk every enterprise faces,” stated Jim McGann, vice president of Information Discovery at Index Engines. “LeClairRyan is offering their clients a process to reduce this risk by gaining insight into legacy data and applying a retention policy proactively.”
The new Legacy Data Risk Management service at LeClairRyan is based on a defensible methodology that leverages Index Engines’ automated approach for tape remediation. The industry leading tape discovery technology, combined with retention oversight will enable clients to reduce risk and storage costs associated with data stored on backup tapes.
About LeClairRyan
A business-minded law firm, LeClairRyan specializes in developing legal solutions to its clients' business challenges. Founded in 1988, LeClairRyan provides business counsel and client representation in corporate law and high-stakes litigation. With offices in California, Connecticut, Massachusetts, Michigan, New Jersey, New York, Pennsylvania, Virginia and Washington, D.C., the firm has approximately 325 attorneys representing a wide variety of clients throughout the nation.
LeClairRyan’s Discovery Solutions Practice (DSP) offers clients a strategically leveraged combination of dedicated legal and technology professionals, secure processes and cutting-edge technologies to solve problems in information management and discovery response. DSP professionals offer consultation and assessment services to help businesses identify and eliminate gaps in people, process and technology that create unnecessary cost and risk to the enterprise. DSP attorneys and technologists also guide clients through the complexities of discovery response, from identification of potentially relevant information, through the review and production of that information in response to legal or regulatory demand. For more information on LeClairRyan, please visit: www.leclairryan.com.
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