Knowledge Loss and The Great Resignation – The firms gifting valuable knowledge to their competitors
Insights shared with Legal IT Insider.
Our Managing Director, Dave Wilson, was pleased to share another guest post for Legal IT Insider, this time highlighting the potential power of KM for firms facing the impact of The Great Resignation.
Sharing insights from his legal technology experience, Dave noted:
"Whether looking at know-how from the perspective of client delivery or staff retention, the impact and cost of unplanned knowledge loss can dramatically impact a firm’s bottom line, from costly mistakes and errors, to lost revenue. Have you considered the kind of knowledge stored in the minds of your firm’s senior leaders – and the risk that losing this might pose to your business?
At this time of great change, firms cannot afford not to prioritize and protect knowledge. Without effective KM, a firm’s unique expertise could become a new starter gift for competitor firms."
To read the feature in full, click here.
If you're interested in learning more about Blueprint for Knowledge Management our KM solution built for the iManage DMS, click here to visit our webpage.