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Automating web compliance is much easier than we believe

Global LegalTech Hub

Web compliance is now present in businesses of all sorts, even for bloggers and content creators. Although necessary to regulate the incredible amount of information and products floating around the internet, we can’t deny compliance is seen as a pain in the neck by all industries. Actually, yes. But not in the way you think.

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Article Writing Can Drive Law Firm Marketing Success

Legal Expert Connections

Article writing is an excellent law firm marketing strategy for many attorneys, especially if the thought of making a speech causes you to break out in a cold sweat. Corporate general counsel, among others, frequently contact attorneys based on published articles.

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Risk of AI Abuse by Corporate Insiders Presents Challenges for Compliance Departments

Debevoise Data Blog

We recently highlighted the need for companies to manage risks associated with the adoption of AI technology, including the malicious use of real-time deepfakes ( i.e. , AI-generated audio or video that impersonates a real person). Many compliance systems are designed to require specific approvals for certain employee actions.

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Time and Billing Essentials for Law Firms in 2023

Rocket Matter

While many law firms require that their attorneys work a mandatory number of billable hours (the time clients pay for directly) per week, that isn’t the extent of a lawyer’s workload. What’s more, it could even be a compliance violation. Time tracking: what you need to know . Are you spending too much time on marketing?

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Safeguarding Against Commingling of Funds: Best Practices for Your Law Firm

Law Technology Today

In this article, we will explore the basics of commingling funds, discuss its consequences, and provide effective strategies for avoiding inadvertent commingling. Comprehensive documentation, including client ledgers, accounting records, and bank statements, is crucial for accurate tracking of funds.

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44% of Investment Bankers Think They Can Make Lots of Money Off of Attorney Insecurity (AI)

3 Geeks and a Law Blog

I didn’t question that stat at the time, because it sounded about right to me. NY Times – April 10, 2023 A.I. Lest you think I cherry-picked three outlying articles, go ahead and Google “ AI Replace 44% Legal Goldman Sachs ” and see what you get. Those 3 articles are in my top 5 results. Okay, so which is it?

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Effortless, Specialized Trust Accounting with CosmoLex

Lawyerist

Many accountants and bookkeepers themselves don’t know the IOLTA-specific concepts and compliance requirements. In the same way that law practice management software (LPMS) understands the concept of a “matter” ( i.e. , contacts plus appointments plus documents, time entries, expenses, notes, etc.)