In-house counsel should learn the potential benefits of collecting and analyzing data as it relates to the selection of outside counsel, the handling of internal risk and litigation matters, and the management of commercial agreements. In this article, a sample business case outlines the return on investment legal departments can anticipate if in-house counsel increase their data collection methods, as well as solutions for maximizing data on a tight budget.

Big data is a top-of-mind priority for in-house counsel. In fact, the ACC Chief Legal Officers 2018 Survey found that data breaches and the protection of corporate data keeps 70 percent of respondents up at night.

“Breaking Down Big Data” is a new column written by members of the ACC big data sub-committee. Here, they discuss how to manage the ever-changing big data issues in the legal field.