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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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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
Risks of “Baseball Arbitration” in Resolving Real Estate Disputes
“Baseball arbitration” refers to the process used in Major League Baseball in which if an eligible player's representative and the club ownership cannot reach a compensation agreement through negotiation, each party enters a final submission and during a formal hearing each side — player and management — presents its case and then the designated panel of arbitrators chooses one of the salary bids with no other result being allowed. This method has become increasingly popular even beyond the sport of baseball.