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<b><i>Online Extra:</b></i> Am Law 200 Firms Spending $7M on Cybersecurity Annually
With unfettered access to critical documents and information, law firms are an attractive target for hackers. Even when firms employ cutting-edge data security techniques, their possession of corporate data still multiplies the surface area of risk for that information. A recent survey of the Am Law 200, which tapped nearly one-third of firm CIOs for their experience, is showing the extent to which the highest grossing firms are spending to mitigate the risk associated with data security.
According to the findings of Chase Cost Management's 'What Price Peace?”survey'spending on information security at Am Law 200 firms rarely exceeds 1.9% of gross annual revenue. Firms spent around $6.9 million on average, though the survey cautions some of that may have gone to non-cybersecurity 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.
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.
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.
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?
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.