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The Hidden Liability in Legacy Data
IT organizations around the world are charged with protecting corporate data assets. All data, including sensitive executive e-mail and intellectual property documents, is managed by IT for the purpose of safekeeping. Lawyers and legal staff are now starting to participate in the process of managing corporate records. Policies are being developed that help manage the corporate liability around data and ensure that information is not only protected and available, but also handled according to corporate policy. This emerging area is known as Information Governance.
Wikipedia defines Information Governance as “the set of multi-disciplinary structures, policies, procedures, processes and controls implemented to manage information on all media in such a way that it supports an organization's immediate and future regulatory, legal, risk, environmental and operational requirements.” Organizations that face frequent litigation or regulatory oversight are quickly implementing information governance strategies. However, these strategies commonly focus on the current or online data assets, and often neglect the hidden data. The latter is found in historical archives that typically consist of legacy backups of corporate networks. It is common for large organizations to have tens or hundreds of thousands of backup tapes stored in offsite vaults gathering dust. These vaults are protecting the tapes from corrosion and destruction, ensuring they are kept in readable condition. Since these corporate records are not going anywhere, they need to be included in the information governance strategy in order to control the potential hidden liability. Out of sight cannot be out of mind.
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.
Law Firms are Reducing Redundant Real Estate by Bringing Support Services Back to the Office
A trend analysis of the benefits and challenges of bringing back administrative, word processing and billing services to law offices.
Bit Parts
Summary Judgment Denied Defendant in Declaratory Action by Producer of To Kill a Mockingbird Broadway Play Seeking Amateur Theatrical Rights
Risks of “Baseball Arbitration” in Resolving Real Estate Disputes
“Baseball arbitration” refers to the process used in Major League Baseball in which if an eligible player's representative and the club ownership cannot reach a compensation agreement through negotiation, each party enters a final submission and during a formal hearing each side — player and management — presents its case and then the designated panel of arbitrators chooses one of the salary bids with no other result being allowed. This method has become increasingly popular even beyond the sport of baseball.
One Overlooked Element of Executive Safety: Data Privacy
Executives have access to some of the company's most sensitive information, and they're increasingly being targeted by hackers looking to steal company secrets or to perpetrate cybercrimes.