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Securing a Document Review Center: A Practical Guide
Much ink has been spilled in recent years about information security, hacker exploits and hardware and software products used to thwart hackers. Not a single day goes by without news pertaining to the discovery of vulnerabilities in the software we use and cherish, and to hacker exploits affecting the companies we use in our daily lives. Compromises at JP Morgan Chase, Target, Home Depot, Ebay, Adobe and Apple, to name a few, have led to the leakage of hundreds of millions of records. These infractions lead to billions of dollars of aggregated losses and can be financially devastating to an organization. A 2014 study by the Ponemon Institute, for example, puts the cost of the average data breach at $5.9 million dollars and the cost per record of a breach in the U.S. at over $200. See, “2014 Cost of Data Breach Study: United States (May 2014).”'
The legal industry has been a late comer to the information security frenzy, but the situation has changed over the last 18 months, driven by corporations' realization that law firms and the legal ecosystem orbiting around them has access to some of their most sensitive data. This realization triggered a series of security audits targeting law firms and, in some cases, e-discovery vendors. Corporations spend millions of dollars on information security to build a defensive dome around their data (JP Morgan, for example, announced to its shareholders that it spent $250 million on information security in 2014), and their angst about the safety of that data when it resides on third-party networks is therefore understandable.
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.
Judge Rules Shaquille O'Neal Will Face Securities Lawsuit for Promotion, Sale of NFTs
A federal district court in Miami, FL, has ruled that former National Basketball Association star Shaquille O'Neal will have to face a lawsuit over his promotion of unregistered securities in the form of cryptocurrency tokens and that he was a "seller" of these unregistered securities.
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?
Blockchain Domains: New Developments for Brand Owners
Blockchain domain names offer decentralized alternatives to traditional DNS-based domain names, promising enhanced security, privacy and censorship resistance. However, these benefits come with significant challenges, particularly for brand owners seeking to protect their trademarks in these new digital spaces.
Coverage Issues Stemming from Dry Cleaner Contamination Suits
In recent years, there has been a growing number of dry cleaners claiming to be "organic," "green," or "eco-friendly." While that may be true with respect to some, many dry cleaners continue to use a cleaning method involving the use of a solvent called perchloroethylene, commonly known as perc. And, there seems to be an increasing number of lawsuits stemming from environmental problems associated with historic dry cleaning operations utilizing this chemical.