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Part One of a Two-Part Article
Over the last 12 months, the legal technology job market hit both a decade-long low and an all-time high for hiring, job movement and salary demand. In April 2020, the job market began its “Great Pause.” Subsequently, the second and third quarters of 2020 saw fewer legal technology job openings than any two quarters since 2010. Flash forward to the second quarter of 2021, and there is more talent demand than supply, rapid salary growth to attract and retain employees, broadly increased job opportunity derived from changes related to work-from-home (WFH) adoption, and a resulting never-before-seen level of turnover among middle-market positions that has the entire industry in a hiring frenzy.
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New U.S.-China Investment Dynamic Focuses On AI and Sensitive Technologies
By David A. Holley
An Executive Order released by the Biden Administration on Aug. 9 places increased importance on due diligence when investing in specific foreign countries. The Executive Order will regulate outbound investments in China with a focus on key technologies critical to safeguarding U.S. national security, including artificial intelligence.
New York’s Latest Cybersecurity Commitment
By Erik B. Weinick
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.
Data Breach Defense: Mobilizing Against Weaponized Mass Arbitration
By Daniella Main and Brooke Bolender
Most companies have experienced or will experience a data breach. Increasingly, companies also face the risks associated with mass arbitration weaponized by the overwhelming volume of claims after a breach.
By Wim Nauwelaerts
Businesses and organizations that (regularly) transfer personal data from the EU to the U.S. should carefully assess, on a case-by-case basis, whether it makes sense to rely on the new EU-U.S. Data Privacy Framework or to use one of the other data transfer tools that are available under the GDPR.
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