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Leading Legal Department Trends for 2024
The ripple effects of technological advancement are spreading farther and faster every day. Legal professionals are feeling the pressure acutely, particularly in the way that data risk and artificial intelligence (AI) are impacting the role of general counsel and their teams.
Recent research based on interviews with chief legal officers around the globe, as reported in The General Counsel Report 2024, found that the increased scope and scale of risk now facing corporations is driving change in how legal teams set their strategies, leverage technology and manage operations. Notably, 87% of participants expect risk to increase in the coming year — with regulatory and global compliance challenges emerging as the number one issue for the first time in the five-year history of the report. In parallel, feelings of preparedness declined in every risk category studied.
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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
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Blockchain Domains: New Developments for Brand Owners
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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.