Building a strong data governance foundation with Iron Carrot: a roadmap for law firms

Data governance is becoming increasingly critical for law firms as they deal with a vast amount of sensitive information daily. It is essential to ensure that sensitive information is appropriately managed and protected as firms increasingly seek to use their data in new and innovative ways.

Discover the five simple rules for getting law firm taxonomies right with Iron Carrot

It’s not unusual for law firms to identify that it’s hard for users to find the information they need, especially when searching cross-functionally. They conclude that it would be better if everyone used the same language (a taxonomy) – or if there was some way to link all the different vocabularies (an ontology).

What are law firms’ three biggest mistakes when implementing data governance frameworks? Find out with Iron Carrot

Iron Carrot has worked alongside several law firms to help them develop and implement their data governance frameworks and roadmaps. We have seen some common errors and misapprehensions that we’ve helped them address.

What is data lifecycle management, and why do you need it? Find this out with Iron Carrot

Data lifecycle management (DLM) is an approach to managing data from its creation (or capture) at data entry, where and how it is used until it is finally destroyed. The data lifecycle is separated into stages and moves through them as it completes different tasks or meets specific requirements or criteria.

Iron Carrot looks at how to review a law firm data governance capability

In this case study, I will share the process we recently implemented at one of our law firm clients looking to identify gaps and opportunities in their data governance activities.

How to create a data governance communications plan, by Iron Carrot

Every data governance centre of excellence should create a communication plan to support its data governance foundation roadmap, data strategy, and business-as-usual activities.

What does a good gap analysis data roadmap process look like? Asks Iron Carrot

A gap analysis assesses the differences between an organisation’s actual and expected (or desired) performance. The term “gap” refers to the space between “where you are” – the present state, and “where you want to be” – the target or future state.

Does your firm have a data governance roadmap? Asks Iron Carrot

Roadmaps are the output of a strategic planning process. Execution is getting on and doing it. The less talked about but critically important step is what happens in between these two stages.

Iron Carrot: Why is data governance important for law firms?

Data governance is important for law firms because data is an economic asset that can help firms improve their operations, increase revenue, solidify relationships with clients, produce new revenue streams, improve the quality of current products, establish competitive differentiation, allow innovation, and reduce risks.