Offsite Records Storage - Passing the costs along to the client
Firms have traditionally struggled with the creation and implementation of a records retention policy. As an alternative option to consider - pass the storage costs on to your clients. I know you are probably struggling with getting clients to pay for traditional cost recovery items, but if you are charging for copies, prints, scans, etc. then technically, the documents belong to the client. Think about addressing the following in the client engagement letter: Outline how you will dispose of their records. Consider the following options:
This type of policy could result in reduced storage of unnecessary documents at the conclusion of a matter, as well as potentially offsetting costs for such storage and destruction. This type of policy will significantly reduce overall storage, storage costs and assist you in complying with records retention programs. What do you think?