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Financial Milestones on the Path from New Associate to Retiree
Financial freedom. It's something everyone wants. As a lawyer, what should you be thinking about and doing now to put yourself on the path to a secure retirement?
The answer is it depends. It depends on where you are in the arc of your career and how close you are to your retirement years. Here's a rundown of the top few items you should have on your financial checklist, based on your career stage.
Associates
Law school isn't free, so many young lawyers start their careers carrying significant debt. The best thing you can do early in your career is to pay down that debt as quickly as feasible. Interest rates have increased significantly over the last year, so if your loan has a variable interest rate, that debt has gotten more expensive. There are few guarantees in life, but think of paying down your law school debt as a guaranteed rate of return on the money you put toward exhausting that debt because you're paying that much less in interest costs.
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New York's Latest Cybersecurity Commitment
On Aug. 9, 2023, Gov. Kathy Hochul introduced New York's inaugural comprehensive cybersecurity strategy. In sum, the plan aims to update government networks, bolster county-level digital defenses, and regulate critical infrastructure.
Law Firms are Reducing Redundant Real Estate by Bringing Support Services Back to the Office
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How AI Has Affected PR
When we consider how the use of AI affects legal PR and communications, we have to look at it as an industrywide global phenomenon. A recent online conference provided an overview of the latest AI trends in public relations, and specifically, the impact of AI on communications. Here are some of the key points and takeaways from several of the speakers, who provided current best practices, tips, concerns and case studies.
The DOJ's Corporate Enforcement Policy: One Year Later
The DOJ's Criminal Division issued three declinations since the issuance of the revised CEP a year ago. Review of these cases gives insight into DOJ's implementation of the new policy in practice.