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01 November 2018 / Matthew Kay , Natasha Adom
Issue: 7815 / Categories: Features , Profession , Technology
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Taming the paper monster

Shred, store, or secure? Matthew Kay & Natasha Adom tackle the archiving conundrum

  • Law firms are increasingly seeing the benefits of cutting down on the paper and moving to the cloud.

What is that lurking in the storage cupboard, threatening to strew papers across the floor and make it so hard to find the one document you really need? It’s the paper monster. Beware…

It is no surprise, in the current economic climate, that there are increasing efforts from law firms and businesses alike to cut down on the paper they retain and use by using cloud-based IT and archiving systems. The driver for this is typically to reduce costs (of printing and of storing such documents), increase efficiency, or to decrease the environmental damage paper use is causing. However, there are also other hidden benefits to businesses of taming the paper monster—for example, modernising the workplace to allow agile working initiatives.

Shredding bad habits

There is a vast range in the types of archiving systems that are being used across the legal field.

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MOVERS & SHAKERS

Signature Litigation—Catherine Naylor

Signature Litigation—Catherine Naylor

International fraud and asset recovery offering boosted by partner hire

Stevens & Bolton—Alexa Payet

Stevens & Bolton—Alexa Payet

Private wealth disputes team adds contentious probate specialist

Morgan Lewis—Paul Feldberg

Morgan Lewis—Paul Feldberg

Firm strengthens investigations and sanctions capabilities with London partner hire

NEWS
Cheshire West, which established an ‘acid test’ for deprivation of liberty safeguards, has been overturned by the Supreme Court
The Chancery Division and other segments of the High Court are to be replaced by a new Business and Property Division (BPD), in a major civil justice shakeup
Law firms that hold client money will need to file annual accountants’ reports and make a declaration, the Solicitors Regulation Authority (SRA) confirmed this week
Two district judges and a tribunal judge have been sanctioned for delays in delivering judgments and orders
Private equity (PE) investment into UK law firms halved to £250m last year, but deal volume rose, according to research by Acquira Professional Services’ Momentum private equity market tracker
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