Managed services is about to change how law firms handle e-discovery and compliance in a very big way, reports Monica Bay from the International Legal Technology Association's annual conference at the Gaylord National in National Harbor, Md.
David Cowen, managing partner of the Cowen Group, delivered this prediction to the audience at an invitation-only breakfast held by the company. Electronically stored information will grow dramatically in the next year, according to Cowen. In response law firms will be turning to managed services -- outsourcing ESI services to the vendors.
This means job opportunities, with movement from legal shops to once stigmatized vendors -- with salaries topping out at $275,000 a year, plus bonuses. "Managed services is going to drive into the industry like a bulldozer," said Cowen.
Read the full report on LTN online.
Image by Monica Bay