SOURCE: PSS Systems

PSS Systems

June 11, 2010 16:45 ET

CGOC Expert Practitioner Series: Reducing Legal Risk and Cost in Data Collection Featuring Abbott

MOUNTAIN VIEW, CA--(Marketwire - June 11, 2010) -  CGOC, a practitioners' forum focused on retention, legal hold and discovery practices, has made available the webinar replay of its May 20th web meeting, "Reducing Legal Risk and Cost in Data Collection" featuring Kim Borzick of Abbott. During the one-hour webinar, Kim shared her processes and experience in rigorous, efficient data collections. The webinar covered Judge Schiendlin's recent Pension Committee case which calls for counsel to actively monitor the collection process; the results of a practitioners' survey on data collections were also presented.

"Judge Schiendlin framed the legal holds process for litigants many years ago and in Pension Committee, she frames the process for data collection. She expects counsel to monitor the process at every point, which requires a level of legal-to-IT visibility that few companies have today," said Deidre Paknad, founder of CGOC, and president and CEO of PSS Systems. "Corporate counsel needs to understand who is performing the collection, ensure that they are competent, monitor the collection as it is completed, and be accountable for collection process integrity -- the days of throwing a spreadsheet over the fence to IT are gone. This webinar offers a practitioner's example enabling the expected level of control and transparency to reduce legal risk and increase IT efficiency." 

The topics covered in this webinar included:

Judge Schiendlin's Expectations for Legal Hold and Data Collection Processes

CGOC Practitioners' Survey on Common Challenges

Collections Best Practices with Kim Borzick of Abbott

  • Accommodating the differences in process and focus between legal and IT
  • How a single system of record from holds through data collection can reduce legal risk and improve turn-around time
  • How to get in-process transparency for legal while enabling IT to delegate the collection to the appropriate technical staff
  • The importance of clear, complete instructions from legal to IT in reducing error and wasted time
  • How to eliminate bottlenecks in the collection process and ensure that risk isn't concentrated in one or two failure zones

Testing Your Process -- How Does It Stack Up to Schiendlin? 

  • Using a process maturity model to determine how mature your legal hold, collection and discovery processes are
  • Determining the degree of risk associated with current maturity levels of key processes
  • Understanding the risk and cost reductions process improvement offers

To listen to the replay of the webinar, please visit http://www.cgoc.com/webinar/abbotts-approach-reducing-legal-risk-and-cost-data-collection. Registration is required to access the replay. Additional publications on the Pension Committee case, IT discovery requirements and legal risk available on the CGOC include:

  • Judge Scheindlin's Recent Pension Decision - Guidance for Corporate Counsel
  • Tool Kit for Communicating Legal Risk to Business and Finance Executives
  • 5 Considerations for IT in the Selection of Legal Holds Software

PSS Systems is lead sponsor and founding organization for CGOC. Other organization sponsors include IBM, PricewaterhouseCoopers, Huron Consulting, LECG, Hunton & Williams, and others. For more information about obtaining a free CGOC membership, visit http://www.cgoc.com/.

About CGOC
CGOC, the Compliance, Governance and Oversight Council, is a community of experts in retention, preservation and privacy. Its charter is to create a forum in which legal and compliance executives can get the insight, interaction, and information they need to make good business decisions. Established in 2004, it fills the critical practitioners' gap between EDRM and The Sedona Conference. CGOC offers corporate litigation, discovery, and records management leaders and practitioners with educational seminars, benchmarking surveys, group workshops, an annual Summit and retreat, white papers by expert faculty, a professional networking website, and regional working groups. Membership in the forum is free to qualified executives. Learn more at www.cgoc.com.

About PSS Systems
PSS Systems helps companies eliminate unnecessary legal risk, and discovery and data management costs. Its Atlas Suite is the recognized leader in legal information governance with customers like Abbott, BASF, BP, Citigroup, ConocoPhillips, First Data, GE, Merrill Lynch, Pfizer and Williams. PSS is the innovator that started the legal holds market in 2004 and has the largest concentration of customers and domain experts anywhere. PSS is a trusted business partner to its customers, offering expert insight, best-in-class software, and continuous innovation to address emerging challenges. PSS founded and sponsors the Compliance, Governance and Oversight Council (CGOC) as a part of its commitment to advancing corporate retention and preservation practices. The company is based in Mountain View, California. For more information, visit www.pss-systems.com.

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