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Lateral Hiring: 7 Reasons Why Law Firms Fail
At a recent meeting of large law firm leaders, we posed the following question: "What percentage of your lateral partner hires are successful or achieve their performance commitments within two years of being hired?" Their collective answer? Less than 20%.
To make sure that we were not artificially skewing the results with the imposed time frame, we posed a follow-up question: "Of all the laterals you have hired, how many take more than two years to achieve their expected commitments?" The collective answer: Less than one in 20 take more than two years. So, extending the time frame doesn't seem to improve the success rate.
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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.
The DOJ's Corporate Enforcement Policy: One Year Later
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.
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.
Use of Deferred Prosecution Agreements In White Collar 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.