Why Are Corporate Lawyers Ready For Technological Innovation?

This research concentrates on indexing the enormous legal documents to the aid of Tech-Savvy lawyers. Why corporate lawyers are ready for technological innovation? All the budding lawyers are moving towards technology or in other words Tech-Savvy. Undeniably, technology has revolutionized the business world, rapidly changing and expanding in every field imaginable. When it comes to the legal services industry, technological innovation is no exception. Technological innovation as a means of creating more efficiency has been steadily emerging across many areas of the law. The indexing process takes a group of document files and produces a new index. Document clustering is one of the imperative techniques for organizing documents in an unsupervised

eDiscovery improves the speed and efficiency regards to low-level work. Existing eDiscovery tools use the document review was extraordinarily time intensive. Efficiency is increased due to technological innovation that helps organizations to get through reviews more quickly with ultimate time and cost savings passed on to the clients. Expedited document review used a better market themselves. Attorneys uses technological tools to help them work in more accurate and efficient way. When a seamless part of an attorney's natural workflow is combined then the software will be a more effective one and this come true specifically to machine learning software in contexts where use of the software enables it to get "smarter" overtime. Legal technology continues to evolve it and we learned to apply for future due diligence and transactional tools from eDiscovery. Due diligence and contract management are significant cost drivers in corporate law, making this an area that would particularly benefit from the efficiency of technology such as speed, cost savings, increased accuracy. Lawyers have the option to embrace technology that will help them do their jobs better, more accurately and more efficiently in today's changing legal climate. Corporate lawyers in a strong position to earn the benefits of this nest wave of innovation,

For lawsuit, an indexing system is used to identify and retrieve documents to pay for itself. Response to Rule 26. In a federal lawsuit, parties are required by a new law to identify and produce relevant records within 85 days of the beginning of the litigation. Also required a quick and accurate retrieval of records. For organization, records retention compliance includes federal, state and local governments to regulate record retention periods and over 10,000 federal recordkeeping laws are presented (Skupsky, 1989). Indexing systems consists of an indexing fields related to retention such as creation date, retention period and disposition data. At early stage, result of Rule 26 shows that each party is involved in a lawsuit to make a full disclosure of their records. Sanctions followed for parties but fails to produce relevant information. Parties are not excused from acquiescence by the disorganization of records. Example, court stated for ABC sales & service in United States that "a business that generates millions of files cannot frustrate discovery by creating an inadequate filing system, so that individual files cannot readily be located" (Skupsky 1995). To indexing system, new documents are added and all users accessed them immediately if documents are indexed and created. End-users can do their jobs