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Increasing Speed and Confidence in Second Request Responses with New Technologies
Responding to Hart-Scott-Rodino Act Requests for Additional Information and Documentary Materials (more commonly known as “Second Requests”) presents substantial challenges in assembling a comprehensive and complete production of requested information and documents from company archives. The schedule is always limited, and the results must always be defensible against government challenge that the Second Request response is inadequate. Moving Second Request document productions forward rapidly, without sacrificing quality, can determine the success of the transaction.
Recently, while helping a client complete its Second Request response, Baker & McKenzie deployed predictive coding technology. Predictive coding, or document prioritization, is a process by which, using direction from as few as one attorney reviewing documents, software is able to apply that direction across an entire corpus of documents, coding a large body of documents at a fraction of the time and cost of individual document review. Baker deployed this technology to leverage the knowledge of its legal team and to decrease the time required to select documents for production in response to a U.S. Department of Justice (DOJ) Second Request. Results of this work not only helped the client complete its transaction on schedule, but also provided a model for future work on similar projects.
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.