Deloitte Poll: Do Legal and IT Speak the Same Language?


Released on: December 19, 2012, 10:20 am
Author:
Industry: Financial

Collaboration is key to evidence collection for regulatory investigations, litigation

NEW YORK, -- /EPR NETWORK/ -- Although more than one-third (35.5 percent) of corporate legal and information technology (IT) teams say they are working to improve communication across departmental lines, a mere 8.1 percent of executives believe their company teams fully understand each other, according to a new Deloitte poll.

Legal and IT teams have been working together more closely each year, responding to litigation or regulatory investigations.These fast-paced, complex efforts to locate, collect, preserve and analyze electronic dataevidence, reallyare crucial to defending corporate reputations, legal claims and more, said Mark Michels, a director in the discovery practice for Deloitte Financial Advisory Services LLP.

Michels adds, Unfortunately, each year there are cases that hit the headlines in which poor legal and IT cross-team communication and collaboration result in electronic discovery omissions.

Nearly 1-in-5 respondents (19.3 percent) say their organizations' IT and legal teams do not collaborate well.

Sometimes the first step to improving legal and IT teams' collaboration is simply to network within your organization, continued Michels.In my experience, finance, risk and compliance teams who work with legal and IT separately can really help the two groups bridge the organizational gap between them. Teaming with other departments can be invaluable in shifting discovery efforts away from fire-fighting mode into a streamlined, repeatable process.

When asked whether the experience of a chief information officer (CIO) and general counsel (GC) enabled them to bridge the gap, 20.2 percent of respondents report that their company CIO and GC do not understand each other's field. However, 16 percent indicated they have experience in each other's fields; 4.5 percent report their CIO has some knowledge of the law and 5.9 state their GC has some knowledge of technology.

Industry aside, in-house legal teams commonly rely on IT leaders as expert witnesses in court or regulatory hearings to describe how electronic evidence was located, collected, preserved and analyzed, continued Michels.Having these teams work together now can only benefit everyone involved.

About Deloitte's E-Discovery Poll
Deloitte polled more than 990 business professionals from industries including financial services, consumer and industrial products and technology, media and telecom during a recent webcast titled, Legal and IT: Opportunities for Collaboration.

About Deloitte Discovery
Deloitte Discovery is a one-stop service that provides corporate legal departments and counsel with assistance for discovery-related issues including designing and implementing e-discovery readiness plans, performing data collection, data filtering, processing, hosting, document review and production, and utilizing advanced analytics to help improve efficiency and defensibility.

As used in this document, Deloitte means Deloitte Financial Services LLP. Please see www.deloitte.com/us/about for a detailed description of the legal structure of Deloitte LLP and its subsidiaries. Certain services may not be available to attest clients under the rules and regulations of public accounting.


Contacts:
Shelley Pfaendler
Deloitte
Public Relations
+1 212 492 4484
spfaendler@deloitte.com

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