Litigation Readiness and your IT Infrastructure: Spring Cleaning
What is litigation readiness and why is it important? It is the measure of how prepared a company is to respond when litigation arises. It is important because failure to prepare can, in the best case, lead to inefficiencies and higher costs in responding to discovery to the worst case of facing legal sanctions (fines and penalties) for failure to produce relevant evidence.
How is it measured? Most companies are unsure of how to formalize readiness, and even the most prepared companies are tested since litigation always presents surprises. Because companies face different regulatory requirements and business needs, this answer is not the same in each case.