"'Do I really need to keep this?'" by Caitlin M. Kasmar (Corporate Compliance Insights)
Corporate Compliance InsightsCaitlin M. Kasmar
Navigating the Information Age Without Saving Everything
Data retention is a persistent challenge for in-house counsel, but developing workable information governance policies and procedures needn’t be a taxing exercise; in fact, they can generate measurable cost savings to the company. Here, Buckley LLP’s Caitlin Kasmar highlights the importance of being equipped with the right advice at the right time to save in-house counsel the stress of dealing with the challenges of document retention compliance.
The posture of in-house counsel toward information governance and data retention is in the midst of a noticeable and rapid shift from “are we retaining the right information?” to “please, please tell me I can get rid of some of this stuff.”
Those urgent pleas are fed not by data storage costs, which continue to decline, but by savvy in-house lawyers anticipating a subpoena or lawsuit, confronting a decade’s worth of retained emails and calculating compliance costs.