Trends in Discovery and Asset Searches in 2020

The pace of technological innovation has quickened over the past few years and has changed the way many industries conduct their business. No industry is immune to these changes and this includes the legal industry. Discovery and asset searches have been a critical part of the legal industry since its early days; however, the internet’s growth has changed how numerous professionals conduct their work. Now, the growth of electronic discovery has taken the world by storm.

One of the biggest trends has been the growth of having a tech-certified staff who can assist in the cases. Legal teams are going to need to be multi-disciplined and versatile enough to tackle a variety of issues. The review stage is a critical part of the legal process. In 2020, there will be a growing need for professionals in the legal field who can get certified to handle the various types of electronic discovery that will play a role in both criminal and civil cases. This means not only paralegals but lawyers and even private investigators as well.

Next, there has been a growing rate of data breaches that have impacted some of the biggest companies in the world. The Equifax data breach was one of the biggest during the past few years. The regulations are starting to catch up. There are going to be new laws that govern the steps these companies have to take to ensure the data of its users has been protected. Even California has passed a sweeping data privacy law that will change how companies do business. Therefore, it will be critical for the electronic discovery process to follow these privacy protection rules as well.

Finally, another trend in the world of discovery and asset searches will be a growing demand for translation services. This is a global world. Companies are doing business across international borders. This means there will be a growing need for efficient translation services. This includes not only text but also audio and video translation as well. These services will have to rise to meet the growing challenges facing the world of discovery and compliance searches. Robust translation options are going to be needed. This includes both machines and people.

These are some of the biggest trends that will take place in the world of discovery and asset searches. There is a growing need for efficient, reliable, and safe discovery services in the electronic field. It will be interesting to see what type of changes take place in 2020 and beyond.