Why data governance is key for law firms according to Iron Carrot

Data is a powerful asset for law firms, driving operations, revenue growth, client relationships, and innovation. But many firms struggle with data maturity and siloed data, which hinders strategic alignment and decision-making.

When data is managed in silos, it creates a lack of trust, as teams only see part of the picture and often create their own versions of data. This lack of transparency impacts communication and collaboration, leading to inefficiencies.

To improve, focus on people-first data management: formalise roles, leverage insights from those closest to the data, and foster a culture of trust and transparency.

Strategic data management isn’t just about operations – it’s about ensuring your firm stays competitive, collaborative, and innovative.