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Strategies Needed To Support Compliance Policy Initiatives
Proactive Compliance. Risk Management. Loss Prevention. Regardless of what you call it, all firms have the need to assure that client information is handled properly at all stages, to mitigate litigation and penalty risks, and to protect client and firm reputation.
Simply put, compliance is the process of insuring that there are no gaps between firm policy and practice. This includes external mandates (eg, Sarbanes Oxley, EU Privacy laws), industry practices (eg, ABA guidelines), ethical considerations (eg, conflict of interest, ethical walls, etc.), as well as internal policies and procedures. Proactively addressing compliance issues involves firm-wide awareness, attention and communication. It involves people, processes and technology working together across all departments ' from an evaluation of internal business processes, to an understanding of the global regulatory environment and industry best practices, to the development of firm-specific policies and procedures and the leveraging of technologies to enable adherence. Sorting through risk issues and prioritizing initiatives is no easy task. Interestingly, when compared with the daunting challenges of sorting through risk issues, setting policy and changing behavior with the firm, the technology side of the equation is manageable.
Bankruptcy Sales: Finding a Diamond In the Rough
There is no efficient market for the sale of bankruptcy assets. Inefficient markets yield a transactional drag, potentially dampening the ability of debtors and trustees to maximize value for creditors. This article identifies ways in which investors may more easily discover bankruptcy asset sales.
Why So Many Great Lawyers Stink at Business Development and What Law Firms Are Doing About It
Why is it that those who are best skilled at advocating for others are ill-equipped at advocating for their own skills and what to do about it?
Judge Rules Shaquille O'Neal Will Face Securities Lawsuit for Promotion, Sale of NFTs
A federal district court in Miami, FL, has ruled that former National Basketball Association star Shaquille O'Neal will have to face a lawsuit over his promotion of unregistered securities in the form of cryptocurrency tokens and that he was a "seller" of these unregistered securities.
A Lawyer's System for Active Reading
Active reading comprises many daily tasks lawyers engage in, including highlighting, annotating, note taking, comparing and searching texts. It demands more than flipping or turning pages.
Blockchain Domains: New Developments for Brand Owners
Blockchain domain names offer decentralized alternatives to traditional DNS-based domain names, promising enhanced security, privacy and censorship resistance. However, these benefits come with significant challenges, particularly for brand owners seeking to protect their trademarks in these new digital spaces.