“Once a party reasonably anticipates litigation, it must suspend its routine document retention/destruction policy and put in place a ‘Legal Hold.”
The above definition is easy to understand the ‘legal hold’ process for any legal department or law firm. Legal teams need to ensure that the legal hold notification reaches to each custodian, stakeholder, or contingent staff to preserve data relevant for further investigation. They need to work abruptly before the date loses its vitality, but the real challenge is the manual process.
The idea is to simplify legal hold process for the legal team against the manual legal hold system. It created the emergence of automated ‘end-to-end Legal Hold Management (LHM)’ system. Let’s understand the automated process and its importance in detail.
The step-by-step guide for an end-to-end Legal Hold Management (LHM)
The slow turnaround of document submission and missed deadlines damages the reputation of law firms and it costs a lot if not fortune to the legal department of any organization. There is a clear need for a holistic solution in order to keep a strong relation, collaboration, and communication between law firms and their clients. These four steps give an insight about the legal hold management system.
Step 1 — The first step is to identify the ‘right’ custodians and their data sources. Once the HR directory is integrated with the solution it becomes easy to keep the track of the process for each individual.
See more steps at https://www.knovos.com/what-is-end-to-end-legal-hold-management-and-why-a-law-firm-or-legal-department-requires-it/
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