Clio

JULY 16, 2024

In the following blog post, we highlight some of the more interesting recent tech headlines that could impact lawyers in July 2024. World’s first “AI reliance insurance” released While the offerings of AI tools for lawyers have been on the rise, so too have concerns about the potential for—and consequences of— errors due to AI use.

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Inside Privacy

FEBRUARY 28, 2024

On February 26, 2024, the U.S. National Institute of Standards and Technology (“NIST”) published version 2.0 of its Cybersecurity Framework.

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Inside Privacy

DECEMBER 1, 2023

Conducting due diligence on imported PDEs. The agreement between the EU institutions paves the way for the CRA to make its way onto the EU’s statute books following formal approval, which should occur in early 2024. All of this sets up 2024 to be yet another busy year for cybersecurity regulation in Europe.

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Rocket Matter

DECEMBER 5, 2023

Performing due diligence on a client matter. Keep reading to learn more about: What “speed to lead” means Why lowering your speed to lead is crucial for your firm’s success How a client relationship management (CRM) software can power up your firm’s growth in 2024 What is “speed to lead”? Tax preparation.

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Debevoise Data Blog

OCTOBER 20, 2024

On October 16, 2024, the New York Department of Financial Services (the “NYDFS”) issued an Industry Letter providing guidance on assessing cybersecurity risks associated with the use of AI (the “Guidance”) under the existing 23 NYCRR Part 500 (“Part 500” or “Cybersecurity Regulation”) framework.

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ABA TECHSHOW

FEBRUARY 15, 2024

The Rise of AI in Legal Lawyers and legal teams are increasingly captivated by the vast possibilities AI holds, not only due to its broad appeal but also because of its potential to enhance their work lives and job satisfaction.

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Inside Privacy

DECEMBER 5, 2023

As with most recent European technology regulation, the Cyber Resilience Act will come with the threat of high penalties for non-compliance – up to €15 million or 2.5% of global turnover. Covington’s Privacy and Cybersecurity Practice regularly advises on cybersecurity issues across Europe, including NIS 2 and DORA.

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Debevoise Data Blog

FEBRUARY 28, 2025

What to do : The consultation illustrates a trend towards ransomware reporting frameworks, following the Australian lead with the introduction of mandatory reporting of ransomware demands under the Cyber Security Act 2024.

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Centerbase

AUGUST 28, 2024

It involves a step-by-step process of assessing your firm’s needs, conducting due diligence to select the right vendor for your firm, and implementing the software. However, this journey isn’t as simple as purchasing the first legal software you come across online.

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TechLaw Crossroads

FEBRUARY 9, 2024

The LexisNexis study, entitled 2024 I nvesting in Legal Innovation Survey , looked at very large law firms and businesses. The survey was done between December 6, 2023, and January 9, 2024, so it’s pretty recent. The LawPay-MyCase Survey, entitled Legal Industry Report 2024, looked at the other side of the market.

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Percipient

JANUARY 20, 2025

A study by Clio found that only 8% of firms were using AI tools universally in 2024, even though these tools are becoming standard in other industries. Known for its ability to analyze contracts and extract key data, Kira is widely used for due diligence, compliance, and other document-heavy tasks. So, why the slow adoption?

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Legal Tech Monitor

FEBRUARY 9, 2024

The LexisNexis study, entitled 2024 I nvesting in Legal Innovation Survey , looked at very large law firms and businesses. The survey was done between December 6, 2023, and January 9, 2024, so it’s pretty recent. The LawPay-MyCase Survey, entitled Legal Industry Report 2024, looked at the other side of the market.

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Clio

JUNE 14, 2024

More on that below) The critical role of assessment and solution implementation Due diligence leads to informed decisions: A thorough assessment of your current operational inefficiencies allows you to make an informed decision about switching to a solution like Clio. But it doesn’t stop there.

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3 Geeks and a Law Blog

JANUARY 15, 2024

She asks them about the biggest impacts they foresee AI and other innovations having on the legal industry in 2024. We’re only a couple of weeks in so I know we retired 2023 We’re jumping into 2024. And so you know, we shouldn’t be running kind of headlong into some of this new technology without, you know, doing our due diligence.

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Debevoise Data Blog

OCTOBER 31, 2023

One possibility is for the UK Financial Regulators to introduce standardized AI due diligence requirements that firms must satisfy before they can adopt third-party tools. There is strong appetite for any future regulations to align with existing domestic and international laws and regulations.

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Debevoise Data Blog

NOVEMBER 21, 2022

Covered entities must come into compliance with the provisions within 24 months after its entry into force, which depending on the date of publication will likely be December 2024 or January 2025. What are the key requirements for financial entities? DORA requires covered financial entities to comply with new rules in four key areas: 1.

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Clio

MARCH 14, 2024

Automation and artificial intelligence in the legal sector AI is already used for contract review and due diligence, such as identifying inconsistencies and potential risks in a contract. For example, when used with complex legal analysis and strategy development, potentially providing more personalized legal services for clients.

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OpenText

NOVEMBER 26, 2024

July 2024 (24.3): What is new in OpenText Axcelerate 24.3 April 2024: What's new in OpenText Axcelerate 24.2 Axcelerate Investigation is also ideally suited to support a broad range of other types of investigations such as compliance, human resources, M&A due diligence, C-suite vetting and more. Sheet name redaction.

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Debevoise Data Blog

MAY 17, 2024

On May 16, 2024, the SEC adopted amendments to Regulation S-P (“Reg S-P”) one year after its proposed amendments (the “Proposed Amendments”).

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OpenText

JANUARY 31, 2024

January 2024: What's new in OpenText Axcelerate CE 24.1 Axcelerate Investigation is also ideally suited to support a broad range of other types of investigations such as compliance, human resources, M&A due diligence, C-suite vetting and more. Check out the latest updates below.

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Legal Tech Monitor

JANUARY 15, 2024

She asks them about the biggest impacts they foresee AI and other innovations having on the legal industry in 2024. We’re only a couple of weeks in so I know we retired 2023 We’re jumping into 2024. And so you know, we shouldn’t be running kind of headlong into some of this new technology without, you know, doing our due diligence.

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Eric Goldman

MAY 15, 2024

May 9, 2024). Under the “discovery rule,” the limitations period begins to run when “the plaintiff discovers, or with due diligence should have discovered, the injury that forms the basis for the claim.” Warner Chappell Music, Inc. Nealy , No. 22-1078 (U.S. Petrella , 572 U.S.

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Clio

JANUARY 30, 2024

What are the top tools for lawyers in 2024? For example, Clio Duo will bring the power of generative AI legal technology to Clio’s legal software tools, beginning with Clio Manage , in 2024. Practice management software Legal practice management software is an essential tool for law firms in 2024, especially for solo firms.

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Debevoise Data Blog

JANUARY 23, 2025

On December 19, 2024, the U.S. We previously discussed Treasurys March 2024 Report, both in terms of AI risk management and governance (Part 1) and managing AI-specific cybersecurity risks (Part 2). Follow AI Regulatory Developments. Firms should closely monitor ongoing regulatory developments on AI.

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Debevoise Data Blog

NOVEMBER 18, 2024

On November 12, 2024, Hong Kong’s Security and Futures Commission (the “SFC”) issued a Circular (the “Circular”) with an accompanying appendix (the “ Appendix ”) setting out the SFC’s view of the risks associated with the use of generative artificial intelligence language models (“AI LMs”) and its expectations for how licensed corporations (“LCs”) (..)

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Debevoise Data Blog

NOVEMBER 5, 2024

Public comment on both the Proposal and the Proposed Security Requirements are due on November 29, 2024. The Proposal describes in greater detail the affirmative due diligence requirements imposed as a condition of engaging in a restricted transaction. •

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Debevoise Data Blog

JANUARY 16, 2025

DOJ Issues Landmark Rules on Sensitive Data On December 27, 2024, the U.S. Existing laws, such as the Protecting Americans Data from Foreign Adversaries Act of 2024 (PADFAA), CFIUS authorities and earlier executive orders, [5] focus on transaction-specific reviews or sector-specific controls but lack broad restrictions on data transactions.

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