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@ldmglobal
Why are law firms a prime target for cyberattacks? How safe is your firm from new cyberattacks? Law firms are prime targets because that’s w
Law firms are prime targets because that’s where the money is. Bank robbers rob banks and cybercriminals rob any companies holding sensitive data and money. Sensitive data creates the opportunity for hackers to convert data into money.
Document discovery is the largest component of legal spend in a litigation. The enormous volume of data created by companies can make the co
Document discovery is the largest component of legal spend in a litigation. The enormous volume of data created by companies can make the collection, processing, review and production of discovery documents an overwhelmingly expensive exercise. To address these concerns, companies and law firms are recognizing the value of working with managed document review service providers. Outsourcing is an alternative and typically more cost-effective option to traditional document review. Although reducing costs is a key driver to outsource, the benefits can add much more value than simple cost savings.
Digital fraud and investigation support can either position a fraud team for success or cause them to stumble by widening the doors for frau
Digital fraud is on the rise and has become a major concern for businesses and individuals alike. With the emergence of the digital age, criminals have found new ways to take advantage of unsuspecting victims through scams, malware, and other malicious activities. This brings fraud and investigation support center stage for legal providers like LDM Global to help.
Lawyer with more than 20 years’ experience leads high-efficiency, secure service LDM Global, a global consultancy providing Digital Forensic
LDM Global, a global consultancy providing Digital Forensics, eDiscovery and Cybersecurity services, announced today its new Managed Document Review Service.
LDM Global was happy to assist Ogier’s Guernsey office with a recent case that has now settled. Ogier, a leading offshore law firm, received
LDM Global was happy to assist Ogier’s Guernsey office with a recent case that has now settled.
Ogier, a leading offshore law firm, received a disclosure in seven batches, including numerous duplicate documents spread over various folders and subfolders.
eDiscovery and computer forensics expert to join panel focused on cybersecurity LDM Global is excited to announce its sponsorship of the ARM
“LDM Global is well-known for digital forensics and eDiscovery,” Clarke said. “However, we also provide companies with a wide range of cybersecurity services. When we noticed that our typical clients were increasingly becoming targets of cyberthreats, we wanted to ensure their data was protected. We offer a range of services to do just that.”
Analytics in eDiscovery can help you gain efficiency in your review and locate key documents more quickly so you are able to make informed c
Analytics in eDiscovery can help you gain efficiency in your review and locate key documents more quickly so you are able to make informed case strategy decisions earlier in the case.
Today’s section focuses on near-duplicate identification:
If you’ve ever reviewed financial statements or contracts at a financial services company, you know that some of these documents can be extremely similar. Sometimes the only difference is the date, account number or company name, for example.
Analytics in eDiscovery can help you gain efficiency in your review and locate key documents more quickly so you are able to make informed c
Analytics in eDiscovery can help you gain efficiency in your review and locate key documents more quickly so you are able to make informed case strategy decisions earlier in the case.
A critical responsibility across law firms is contract review and management, which demands great accuracy & efficiency.
One effective strategy for managing your contract management tasks with little error and great proficiency that enables you to improve ROI is outsourcing to an experienced partner.
Offload your contracts workload to us.
Get in touch with us at ldmglobal.com
It is becoming more and more difficult for a firm to only rely on its in-house staff to manage legal issues and carry out the essential due diligence reviews of customers and partners in this fast-paced business environment.
Outsourcing your work reduces your workload and helps you focus on other crucial matters.
Contact us to discuss your needs and we will be glad to support you as your litigation support partner.
Visit ldmglobal.com
Are ALSPs taking over the legal corporation, becoming mainstream law firms?
Let’s discuss what’s backing the growth of alternate legal service providers:
Are ALSPs taking over the legal corporation, becoming mainstream law firms?
There is no doubt that alternate legal service providers have grown tremendously. These service providers are no less than an evolution in the legal market. They have been so significant in the market that many believe they are taking over mainstream law firms. The statement is somewhat true, and that’s what we will discuss further. Top legal outsourcing companies in India contribute to the 14 Billion dollar market. You can expect to rise as their market penetration is also high. What’s more interesting is one of the reasons behind this growth is the willingness of law firms and corporate departments to partner with ALSPs.
Let’s discuss what’s backing the growth of alternate legal service providers:
Service preferences
According to a study, almost 79% of law firms and 71% of legal corporations prefer services from ALSPs. The reason is reduced costs, quick turnaround, advanced technology, and improved efficiency. This reason alone has contributed significantly to the growth of top legal outsourcing companies in India.
Realization
Big legal firms had an awakening call wherein they realized and stopped considering ALSPs as their competitor. They now know that collaboration with top legal process outsourcing companies in India can benefit them in the long run. Although, there are still many firms who have doubts about ALSPs, such as confidentiality of client data and quality service. But with time, these concerns are also shedding with time.
Diverse roles of ALSPs
ALSPs are known to have the latest technology. Along with providing assistance in legal routine jobs, they work as a consultants . They are no longer just low-cost, flexible, and quick service providers. The top legal outsourcing companies in India are much more than that. They are early adopters of technology and innovation in their field of law. They have adopted AI and use predictive analytics, smart contracts, and blockchains.
4. Market penetration
ALSPs have made their mark in market in a short span of time. More law firms and corporation are interested in collaborating with them. They might do it at slower pace but because ALSPs continues to expand their service, the number of firms collaborating is increasing, hence the growth.
Why is contract management good for the real estate industry?
What is your understanding of the real estate industry?
The negotiation, meeting, and everything else is an easy step in the process. The trickiest of all in the process of buying and selling a property is the contract that both parties abided by. Contract management is a critical part of the real estate industry.
You must have seen contracts. Some of them are lengthy and hard to maintain as well. Imagine how difficult it is for the person responsible for contract management. It is exhausting work and that is the reason why the real estate industry needs a contract management system. The concept is more than just terms and conditions now.
Let’s see how.
With time, especially after the pandemic, the real estate industry has changed its working dynamics. The recent change is the work-from-home culture. The concept was always in existence but began to trend post-pandemic. This change has made a shift in urbanization. With the option of staying at home and working, people are now choosing to stay in their hometowns. It means urbanization is somewhat affected. But not everyone agreed to follow this trend. Some preferred to stay in developed cities because of exposure and opportunities. This introduced the world to a hybrid model in the real estate industry.
Adaptable real estate companies will be reconsidering their contract data and analyzing where they can cut their costs. This is called a central contract repository. It saves a lot of time as real estate firms can quickly look up their costs and other rates on different websites. More advanced ones can conduct vendor analytics and check where there is a possibility of re-negotiation in existing contracts.
Contract management has given the real estate industry an opportunity to diversify its expertise. It’s not just the employees, customers have begun to look for properties online first. Companies need to tap into this consumer behavior and adapt it asap. These untapped areas have great potential for growth. By having centralized and organized contract management, real estate firms can build a strong portfolio, streamline their business and handle this market reinvention efficiently. Having a clear picture of demand, yield, prevailing costs, and occupancy rates will help these companies to quickly draft a contract.
That’s how contract management can help the real estate industry advance itself with its customers and market conditions.
Bridge the Gaps with Expert Litigation Support Services
As your firm’s workload grows and resources become stretched, chores like e-discovery, record retrieval, software maintenance, and other forms of litigation assistance become more than just obstacles; they become unmanageable. By outsourcing this task, you can save your firm time, money, and resources.
Many firms outsource litigation support services to third parties when they lack the time, knowledge, or focus to commit to it. A litigation support provider’s services are undoubtedly advantageous for businesses trying to lower their overhead expenses, and they can also help your company overcome critical skill or technical gaps.
Today, many law firms are turning to litigation support services to eliminate the gaps in their operations. These services are designed to help firms maximize their efficiency and productivity while reducing the costs associated with litigation.
Adding Value via Automation and AI
Many firms are taking advantage of automation and artificial intelligence (AI) to increase their effectiveness in handling litigation. Automation and AI can help firms reduce the time, effort, and cost associated with managing litigation. By automating manual tasks, firms can reduce the amount of time spent on repetitive tasks and allow their staff to focus on more complex tasks. AI can also help firms identify patterns in data and provide insights that can assist them to make better decisions. This can help firms better understand their cases and make more informed decisions regarding their strategies.
In addition to reducing the costs associated with litigation, automation and AI can also help firms reduce the risk associated with their cases. By automation processes, firms can reduce the chances of errors and can help ensure that their cases are managed in a more consistent manner. AI can also help firms identify potential areas of litigation that may have been overlooked, allowing them to implement proactive measures to ensure that their cases are successful.
Finally, automation and AI can encourage firms to improve their client service and communication. By automating manual tasks, firms can reduce the time taken to respond to client queries and provide them with more comprehensive and accurate information. AI can also help firms identify areas where their services could be improved and provide them with insights into how they can optimize their client service. By utilizing these services, firms can ensure that they are making the most of their resources and handling their cases in the most effective manner possible.
How Reap the Benefits Without a Massive Cost Increase
As legal proceedings become more complex and necessitate a higher level of specialty, more companies are turning to litigation support services to fill the gaps in their practice. By leveraging the expertise of litigation professionals, firms can stay up to date with the latest information, techniques, and tools without having to divert resources away from more high-value activities.
Litigation support services offer a variety of services designed to the firm’s needs. These services can include document reviews to ensure accuracy, data analysis to uncover key facts and figures, and legal research to provide a comprehensive understanding of the relevant laws and regulations. Moreover, these services can also be used to support the firm’s own internal processes, such as document production or document management.
Furthermore, litigation support services can help the firm stay up to date with the latest technological advances in the field. As legal processes become increasingly automated, it is important that firms have access to the latest tools to ensure the accuracy of their work. By outsourcing to a litigation support provider, firms can take advantage of the latest technologies without having to invest in the necessary hardware, software, and training.
Leverage the Latest from the Technology Front
In the modern legal landscape, it is crucial for firms to keep up with the ever-changing technology and techniques that can help them stay ahead of the competition.
Litigation support services can provide your firm with a variety of services that can help you stay up to date with all the latest technologies and trends. This can include the use of artificial intelligence, machine learning, predictive analytics, and other technologies that can help your firm identify patterns, trends, and other useful insights that can help you develop strategies to better handle litigation.
By streamlining your operations, you can save your firm money by reducing the amount of time and resources spent on litigation. Furthermore, with the assistance of litigation support services, you may gain access to a broad range of technologies and approaches that can help you solve your cases and ensure that you are taking advantage of the most current legal strategies.
Experience A Better Case Scoping
By scoping a case, a firm can determine the resources needed for the case, develop a strategy for the case, and determine the potential outcomes of the case. Litigation support services can provide a firm with the tools and resources needed to effectively scope a case.
The effort required to complete data extraction, processing, and storage can appear to be a problem if you have not undergone these processes enough. Services such as document management and case scoping can help a firm instantly identify which documents are relevant to the case, as well as what questions need to be answered to effectively litigate the case.
Litigation support services can also help a firm develop strategies for discovery and depositions, as well as provide assistance in researching legal precedents and preparing for trial. From case scoping to document management, litigation support services can help a firm manage its cases more efficiently and effectively. By taking advantage of these services, a firm can ensure that it is capable of effectively managing its cases and maximizing its chances of success.
Access to More Meaningful Data
Litigation support services can help firms extract valuable data from documents and other sources. This data can be used to support a case, develop an effective strategy, or simply streamline an existing process. For example, a litigation support service provider can search through legal databases to find relevant case law and other resources, analyze case documents for key facts and figures, or review a case to determine its strengths and weaknesses.
By analyzing data, firms can gain a better understanding of their client’s needs and develop strategies to better serve them. They can also use data to identify opportunities for growth and uncover potential risks that could affect the outcome of a case.
A dedicated litigation support partner such as LDM Global will be better equipped to apply creativity and technical knowledge to extract useful evidence from a particular data set because data is available in a wide variety of forms and to varying degrees of integrity.
Summing Up
From providing expert witness testimony to researching case law and preparing for depositions, litigation support services can provide the resources and support your in-house team needs to effectively represent your clients in court.
By utilizing a litigation support partner, you can ensure that your firm is operating at its best. These services provide the resources and support needed to make sure that your legal team is well-prepared for any legal challenge that may arise. Firms can increase their efficiency, improve their results, and better serve their clients by employing these services.
We understand how crucial it is to assess the risks involved in litigation and reduce them.
We proactively support by providing expertly executed data processing and document review services so you have all the insights that you need to make informed decisions, faster.
Get in touch with us so we can be in your corner too. Visit ldmglobal.com
The deployment of outsourced legal experts as part of legal process outsourcing can deliver a decisive competitive advantage.
It improves the internal team’s capacity, efficiency, and overall performance.
With an exhaustive Contract Lifecycle Management (CLM) to be dealt with diligently, from creation, negotiation to approval, outsourcing is the way to go.
Talk to us about how outsourcing services and the latest technology solutions can help you today. Visit ldmglobal.com
We enable enterprises to begin utilising some of the numerous business benefits of outsourcing litigation support.
With our experienced litigation support group, you can arm yourself with the resources, expertise, and agility to navigate through any storm.
Contact us to find out more about why you should outsource litigation support and how LDM Global can help you and your team.
LDM Global’s Cayman Island office opened its doors in 2015 and has been assisting Caribbean and Latin American clients successfully for over 6 years.