Innovation in Compliance - At the Intersection of Law, Data and Technology with Mollie Nichols

Thomas Fox - Compliance Evangelist
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Mollie Nichols is the co-founder and CEO at Redgrave Data, a technology solutions provider. Redgrave Data aims to re-explore how data is analyzed and utilized to drive effective business and legal solutions. Mollie's legal career spans 3 decades; her mission, she tells me, is to provide services at the intersection of law, technology, and science. Mollie and I discuss her company and the importance of data governance and ESG.

Technology Helps

Her stint as assistant to the See more +

Mollie Nichols is the co-founder and CEO at Redgrave Data, a technology solutions provider. Redgrave Data aims to re-explore how data is analyzed and utilized to drive effective business and legal solutions. Mollie's legal career spans 3 decades; her mission, she tells me, is to provide services at the intersection of law, technology, and science. Mollie and I discuss her company and the importance of data governance and ESG.

Technology Helps

Her stint as assistant to the Texas Attorney General in the late 1990s aroused Mollie's interest in how data and technology could impact law practice. Mollie found an analytics tool that did exactly what they needed to have a breakthrough in the investigation. She remarks, "For me, it was like an 'Aha!' moment that showed how powerful technology could be in law practice. I changed my career at that moment in time to focus on technology and how it could help clients deal with legal matters."

Automating Regulatory Processes

I asked Mollie what led her to co-found Redgrave Data and the organization's data analytic abilities. Redgrave Data is associated with Redgrave LLP, which focuses on information law. Mollie explains that she left Redgrave LLP to focus more on data. She had previously worked as the Head of Advanced Data Solutions, and she had an exceptional team that was able to build a program to deal with client data issues; this program enhanced lawyers' ability to help their clients. She re-assembled this team to execute the same mission at Redgrave Data.

Previously, lawyers had to search regulatory websites to assist their clients with regulatory needs. She and the team automated the entire process, making it less costly and more accessible for lawyers. She describes how they use commercial and cloud tools to analyze content analytics and communication. This allows them to develop a sound legal strategy.

Data Governance and ESG

I ask how Redgrave Data helps a company in data governance relating to ESG. Mollie explains that data is crucial as it helps them make better business decisions by tracking trends, results, and KPIs. Data also can guide legal decisions. Mollie observes that data governance is important to businesses and lawyers as it intersects information governance, data privacy, cybersecurity, and e-discovery. From a data and corporate governance perspective, businesses need to be transparent about what's happening within the organization, how to find specific data, and how to measure success. Redgrave Data can assist with finding these data points and pull the data to a dashboard so it can be viewed and analyzed.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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