Legal hold: Why it matters
As legal department staff descend on Seattle for the 2014 Serengeti Summit, attendees will discuss and learn new ways to improve their department’s operations and efficiencies.
Establishing a process for managing a company’s legal holds is somewhat like purchasing an insurance policy. Legal departments may not have to use it every day, but when the need arises, companies will enjoy the peace of mind that comes with being prepared.
Consequences for hold mismanagement can be costly, including monetary penalties; adverse inference instructions; preclusion of evidence; and even default judgment or dismissal. The good news is that if you have the right tools, managing legal holds doesn’t have to be a painful, tedious process.
A breakout session at this year’s Serengeti Summit will focus on legal hold management, discussing why and how to establish a legal hold process, ensure that the process is repeatable, automated, and defensible, and the consequences that can stem from not having a process in place. Specific topics will include defining the purpose of a legal hold, the current state of the law and consequences for failure to comply, triggers for issuing a hold, legal hold notification criteria, best practices for managing your legal hold process, and a look at tools to help the process.
Attendees can join the session on Thursday, Sept. 25 at 9 a.m. to learn best practices for managing your company’s legal holds. If you are unable to attend, resources are available for download on executing legal holds and managing legal holds.
For additional information on legal hold solutions and other workflow solutions offered by Thomson Reuters, visit legalsolutions.com/legal-hold.
