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Insuring Against Cyber Crime
Cyber liability is increasingly important for law firms and lawyers. Technology has created new issues concerning breaches of privacy, security and more that can severely affect a law practice. Approximately 10 million victims a year are affected by a breach of privacy. Forty-six states have enacted data breach notification legislation, and federal law includes host data security requirements. Stolen laptops or other data-bearing devices rank the highest in terms of risk and provide access to your technology systems and confidential information.
A breach can be costly. Lost billable time can be extensive. Costs to restore damaged/destroyed data can be exorbitant. It takes approximately 175 hours to resolve the issue when a breach occurs. With the estimated cost to rebuild records at $202 per record, law firms can accrue significant fees.
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.
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.
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.
Disconnect Between In-House and Outside Counsel
'Disconnect Between In-House and Outside Counsel is a continuation of the discussion of client expectations and the disconnect that often occurs. And although the outside attorneys should be pursuing how inside-counsel actually think, inside counsel should make an effort to impart this information without waiting to be asked.