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Best Practices for Law Firms to Meet Cybersecurity Requirements of Inside Counsel
Whether or not your clients have suffered a data breach, cybersecurity is undoubtedly a critical concern. Many of your clients are actively searching for and plugging any gaps in their security. They may wisely be investing in pre-breach risk assessment services to identify data that is most vulnerable and valuable to thieves once they get inside, adding multiple layers of protection around it and establishing a concrete action plan to minimize any damages and exposure. And if your clients haven't done so already, they're going to focus their attention on what could potentially be an Achilles Heel for them ' their law firms.
In late 2013, while the world was still reeling from the magnitude of the Target and Neiman Marcus data breaches, McKenna, Long & Aldridge, a top-100 international law firm, was breached. It nearly escaped all notice by the media ' perhaps because it was only a law firm and not a giant, national retail chain, or because the thieves only made off with the W-2 and other financial information of the firm's past and present employees. But had the attackers persisted undetected, who knows what kinds of treasures they might have found? The firm is not alone: In 2011, Mandiant reported that at least 80 top firms had suffered breaches, and the American Bar Association's 2013 Technology Survey reported that 15.2% of all firms acknowledged that they had suffered a security breach.
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.
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.
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?