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Part One of this article addressed the roots of the subprime crisis and resulting litigation, and provided an overview of D&O coverage. This month's installment focuses on specific D&O coverage issues.
Systems that facilitate a firm's new business review and inception processes, such as client intake and conflicts management software, are major technology investments. It's important for you to be aware of what's coming down the road so that you can properly plan for and support the initiatives coming out of your firm's new business intake and conflicts departments.
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As any business grows, so does the volume of data that its IT staff must back-up and store. Storing back-up data off-site is critical and becomes particularly important when a crisis occurs and access to on-site data back-up is impossible. There is no benefit to creating a back-up file of valuable data if this information is not transferred via a secure method and stored in an off-site data storage center with foolproof protection. And with the increase in data that requires storage, off-site storage facilities are in even more demand.
Economists rarely agree on anything. But, if the Fed's recent actions are any guide, most believe the U.S. is already in a recession (defined as two consecutive quarters of negative growth). This downward economic outlook for the country will soon begin impacting corporate budget discussions, forcing every department ' including legal and the law firms that serve them ' to re-examine their expenses. When companies are struggling to grow the top line, every cost gets scrutinized. Legal expenses are no exception, especially given the sharp increase in spending and dollars going towards e-discovery.
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The default settings of software applications can impact your productivity and accuracy. Taking the time to address those that are annoying or counter-intuitive place the control for formatting your documents back in your hands.
Features
As the courts are clarifying the new FRCP, good e-discovery specialists must diligently review the options, configurations and protocols of e-discovery products to ensure that the proper options are selected to match these new rules. One of the products available for ESI acquisition is Legal Access Ware PreDiscovery ('LAW').
Highlights of the latest equipment leasing news from around the country.
This article discusses the business issues and challenges that are driving the need for lessors to reassess their IT strategy and approach. The focus of this discussion is on the factors management should consider as it examines the company's IT strategy for core leasing operations, <i>i.e.</i>, front-end and back-end systems.
Features
The Ninth Circuit recently examined an antitrust issue with significant relevance to the equipment leasing industry. In <i>Newcal v. IKON Office Solution</i>, competitors of a copier equipment provider, IKON Office Solution, alleged that defendant IKON used 'fraudulent practices' to secure and lengthen its customer contracts, thus reducing the ability of competing copier equipment providers to contest for 'aftermarket' business.'
