I recently moderated a panel at The Lawyer's General Counsel Strategy Summit in Alicante and spoke on a panel at the Banking Litigation and Regulations Forum in London. Both sessions had a central theme, the Cloud and how in-house lawyers should be aware of the implications of their companies moving to the Cloud. The fact that this topic was included in both events in quick succession is telling in terms of the increasing focus on the legal implications, rather than operational considerations, within organisations.
Facing a second request can be painful, kind of like searching for a needle in a haystack exacerbated by a strict deadline looming above it all. And, as volumes of data continue to grow and types of data become increasingly complex, these matters are often inefficient and costly, while getting to the key documents (needles) quickly can feel like an insurmountable challenge.
In the final installment of my three-part blog series covering Lighthouse’s recent Antitrust Leadership Panel on the issues and strategies surrounding second requests, I will highlight the panel’s proposed solutions on how we can evolve for the future, specifically surrounding the role of technology as presented in the first blog, and toward reducing the time and cost of second requests as highlighted in the second blog.
Second requests…mountains of overwhelming data that must be collected, processed, and produced into a relevant and responsive set of information in a restricted time frame determined by statutory guidelines and the antitrust agencies. Have I said enough to induce alarm and/or panic?
So, you’re facing the complexities of a large-volume, high-stakes, short-deadline second request and wondering if a technology-savvy strategy can save the day? Culling a massive store of data while under a strict time frame is a huge undertaking, especially when you’re dealing with a second request and a corporate merger is on the line.