Across many industries, “big data” is being used to drive more informed and better decision-making. But its use in the legal industry is relatively new, mainly because most law firms are resistant to both change and new IT expenditures on unfamiliar initiatives.
Many firms are also reluctant to embrace big data solutions because they only possess data that is incomplete, inaccurate or outdated – aka “dirty” data (or even “filthy,” as some firms have described it to me). The result? Wavering confidence in data and cultural barriers within the firm provide little momentum for firms to believe they can achieve ROI from big data solutions.
Author: Editorial Team