Digital Transformation + Off-site Records: Complimentary Benchmark 

COVID has accelerated digital transformation. McKinsey reports that US productivity in Q2 and Q3 2020 experienced the largest increase in productivity in over 60 years in part because of it—and this includes the legal market.

In a law firm, a successful digital transformation will include these three areas:

  1. A formally adopted Information Governance policy/retention schedule with a change management plan to ensure defensible disposition.
  2. An upfront digital workflow to reduce the amount of paper being produced.
  3. Off-site records storage contracts that enable you to destroy efficiently and cost-effectively.

Over the next few weeks, we will take a deep dive into each of these areas.  Here, we will address off-site records which can be one of the most surprising challenges.  Here are some key questions to consider:

  1. Are you able to destroy off-site records without reviewing the contents? 
  2. Does your current contract(s) contain allowances for destruction?
  3. Do you have a clear understanding of how much storage can be destroyed before triggering contract minimums?
  4. Is your retrieval and services pricing competitive in today’s market?
  5. Do you have an automated mechanism in place to trigger retention events and to update your RMS to reflect records destruction?

If you answered yes to each of the above questions, congratulations, your firm is in good shape. 

If you answered no to any of the above, then let Mattern assess and benchmark your current offsite contract(s) for no charge.

Resources to help you with your back and middle office strategies:

Mattern Helps Holland & Knight Reduce Current Costs by 34.5% and Permanent Withdrawal Fees by $1 Million While Incorporating Information Governance Goals

Mattern Leads Marshall Dennehey Negotiations to Avoid 20% Price Escalation in Off-Site Records Storage Vendor Renewal Offer

Chamberlain Achieves 0$ Dollar Permanent Withdrawal Fee and 40% Savings with New Off-site Records Vendor

Sandberg, Phoenix & von Gontard P.C. Change Service Providers Mid-Contract, Improve Contract Terms for Office Supplies and Off-site Records

Am Law 200 Firm Removes Permanent Withdrawal Fees, Consolidates Vendors and Saves 24% in Off-Site Record Storage

Kansas City Based Firm Improves Off-site Records Terms and Pricing

Call Us Today! 1.610.459.7750 info@matternassoc.com

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