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Technology and Data Risks Related to Conflicts Clearance
Effective conflicts clearance is critical to law firm risk management. The cost of missing a conflict of interest can be significant ' from loss of business to serious reputational damage. That is why enhancing conflict of interest management consistently rates as a top concern in law firm surveys. As referenced by a recent ABA Journal article, law firms are also becoming more wary of hiring laterals due to potential conflicts of interest. See, David Hudson, “Malpractice Concerns Spark Heightened Scrutiny of Lawyers Switching Firms,” ABA Journal, May 1, 2015. This wariness will only increase if law firms cannot be sure that the technology supporting their conflicts of interest process can be responsive and accurate.
Some systems used by firms for searching conflicts of interest are aging rapidly, putting law firms at risk. Also, many firms are unaware of inaccurate data, data anomalies, and inefficiencies that have built up over time. Even if this does not result in a missed conflict of interest, it could be having an impact on a firm's ability to open matters quickly. An inefficient intake process can mean that more attorneys are working on matters prior to receiving conflicts search results, a reluctance to open new matters, and a delay in recording billable hours.
New York's Latest Cybersecurity Commitment
On Aug. 9, 2023, Gov. Kathy Hochul introduced New York's inaugural comprehensive cybersecurity strategy. In sum, the plan aims to update government networks, bolster county-level digital defenses, and regulate critical infrastructure.
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
How AI Has Affected PR
When we consider how the use of AI affects legal PR and communications, we have to look at it as an industrywide global phenomenon. A recent online conference provided an overview of the latest AI trends in public relations, and specifically, the impact of AI on communications. Here are some of the key points and takeaways from several of the speakers, who provided current best practices, tips, concerns and case studies.