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The legal field is certainly one of the most data-intensive and data-sensitive practices you can find. We've all seen how the proliferation of technology tools has dramatically fueled data growth and the need to protect sensitive data, which in turn has increased the exposure and loss of billable hours legal firms might face as a result of IT downtime. In addition to legal expertise, owners and partners at law firms must learn more about the commercial realities of competition, pay attention to client retention, counter the increased security risks to private data on the cloud and understand how technology can reduce operating costs.
The impact and importance of technology in such a traditional industry places a serious duty on the IT manager to protect the firm's private information and steward its means of producing it. The May 2012 “Legal Week Information Technology Report” revealed that more than two-thirds of law firms surveyed agree that adopting cloud technology would make their firms more agile, but about 75% of law firms identified security as their number one concern about cloud-based applications. See, http://bit.ly/1al0e6Y'(free trial available).
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.
The parameters set forth in the DOJ's memorandum have implications not only for the government's evaluation of compliance programs in the context of criminal charging decisions, but also for how defense counsel structure their conference-room advocacy seeking declinations or lesser sanctions in both criminal and civil investigations.
This article discusses the practical and policy reasons for the use of DPAs and NPAs in white-collar criminal investigations, and considers the NDAA's new reporting provision and its relationship with other efforts to enhance transparency in DOJ decision-making.
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.
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.