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Taming the Data Privacy Chaos in Contract Management
Data privacy regulations are evolving constantly and rapidly. Enterprises and their legal teams spend millions of dollars and countless hours trying to manage compliance. This convoluted process is further complicated by the continuous stream of new rulings emanating from states including California, Virginia, Colorado and others, as well as far greater focus on data privacy from U.S. and international regulatory bodies. This has resulted in fines being imposed more frequently, and in historically high amounts. For example, in Q1 of 2021 alone the EU's General Data Protection Regulation issued fines totaling nearly €1 billion — 20 times greater than the totals for Q1 and Q2 2021 combined.
Legal professionals involved in contract management need to deploy exceptional and valuable skills. Chief among these is advanced — and human — knowledge of local, state, and national contract laws, prowess in negotiation, fluency in written and verbal communication, and great time-management. Yet these skills are challenged by the escalating volume of work caused by regulatory shifts. In some organizations, active contracts can number tens or even hundreds of thousands, yet the wording of any new or adjusted contract document must be scrutinized for compliance with the most up-to-date regulations. With vast volumes of fine print for constant review — an average of three billion words in typical Fortune 500 company contracts — there's more incentive than ever before to find ways to avoid diverting excessive resources to keeping contracts compliant.
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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.
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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.