Connect with us

Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website. .

Top Stories

THE JUSTICE SYSTEM GOES DIGITAL – WILL THIS HAVE A KNOCK-ON EFFECT FOR LAW FIRMS?

The justice system goes digital – will this have a knock-on effect for law firms?

Andrea Beech, Business Solutions Consultant at the business and technical consultancy firm QuoStar

Andrea Beech

Andrea Beech

In the Autumn Statement, a huge investment of £1.8bn was pledged to introduce new technology across a range of functions, including an allocation of £700m to digitise the justice system in the UK.

This plan to move the justice system from a paper-based system to an online one has actually been in the pipeline for several years, but has only now received the investment it needs to roll out the process.

A number of factors will need to be addressed for the courtrooms to prepare for large-scale digitisation, however. The foundations for a digitised court system will require full system integration, a continuous (private or public) level of network access and a means of displaying evidence to the court digitally. This is just the base level of digitisation requiring investment – the government will also need to invest in robust IT platforms to ensure resilience, availability and performance. The sheer size of the deployment means that top-tier architecture and expertise are required.

The push for digitisation will simplify the document management process and allow many time consuming and often duplicative tasks to be reduced, or even eliminated in some cases. Automated processes will also reduce the exposure to human error, helping to protect the security of the document. As a result the time and resources dedicated to basic administrative tasks may also decrease.

Of course, many are also wondering whether law firms themselves are ready for such a major change. Without a doubt, firms that have yet to embrace digital within their internal processes are likely to encounter a number of knock-on effects that will require immediate attention.

Digitisation could quite easily become a security risk if some lawyers within a firm are not fully competent with digital technology, since private data could be accidentally shared with the wrong people due to misunderstandings or confusion about the correct processes to follow. In order for law firms to adapt to digitisation, it is therefore of the highest importance that all employees are given thorough training from the outset. This is easier said than done, so automatic controls and protection will need to be built in, particularly around areas such as authorisation and encryption of data and communications.

Data protection will also continue to be a key concern for law firms; even after the courtrooms are digitised, law firms will still be responsible for the security of their own files and data. As such, questions are already being raised about what will happen after files and documents are sent digitally to individuals outside of a particular law firm, either to the courtroom or to any third parties also working on a case?

It is crucial that the security of any data will be guaranteed by the government and the justice system, once it has been released for third party viewing. As it stands, law firms cannot be certain as to how this will happen. After a case is finished, the courts will therefore need to guarantee that any data provided will be securely destroyed once it is no longer needed for evidence purposes.

Security must also be considered in terms of appropriate access rights for all individuals involved in a case. It is vital for the right people to have the correct level of access to any documents and files. Utilising solutions such as 2-factor authentication will be an essential process for law firms, ensuring that data can only be accessed by individuals with a suitable permission level. In this new digital landscape, the days of passwords are numbered.

As long as these security measures are implemented correctly, digitisation could arguably offer greater protection to law firms in terms of security. Due to the highly sensitive client data handled between law firms and the justice system on a daily basis, digitised courtrooms will still need to maintain robust security processes, even if firms are no longer transporting physical files between locations.

As it stands, it is still unclear which specific processes the Government will use to digitise the court system, which means that law firms may find it difficult t prepare or these changes. The move to digital will ultimately be a positive development for the legal sector, offering a greater level of control and a more systemised process, in addition to making the UK justice system more economically efficient. Law firms that have yet to embrace digital technology must therefore take steps to seek expert guidance now in order to keep up with their competitors, remain secure and thrive under the new system.

Global Banking & Finance Review

 

Why waste money on news and opinions when you can access them for free?

Take advantage of our newsletter subscription and stay informed on the go!


By submitting this form, you are consenting to receive marketing emails from: Global Banking & Finance Review │ Banking │ Finance │ Technology. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

Recent Post