Debevoise Data Blog

NOVEMBER 21, 2024

Cross-Functional Approach: Senior management should ensure that responsible staff from the business, risk, compliance and technology functions can effectively manage the LC’s adoption and implementation of AI LMs by possessing the relevant competence in AI, data science, model risk management, and domain expertise.

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Percipient

JANUARY 20, 2025

Whether its processing massive amounts of legal documents, analyzing data, or drafting basic agreements, Legal AI handles the groundwork so legal practitioners can focus on their expertisegiving advice, building strategies, or solving client problems. What makes it so useful is how accurate and consistent it is.

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Debevoise Data Blog

FEBRUARY 28, 2025

The Italian DPA opened an investigation into DeepSeek for possible GDPR non-compliance associated with its AI chatbot services data collection and processing activities. UK ICO acts on cookie compliance. DeepSeek investigated by Italian DPA over AI chatbot data collection practices.

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CaseFox

MAY 30, 2023

As custodians of sensitive client information, law firms must take proactive measures to safeguard data from cyber threats and ensure compliance with data protection regulations. Additionally, understanding regulatory compliance requirements, such as HIPAA and GDPR, ensures adherence to legal obligations and enhances data protection.

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Lawmatics

NOVEMBER 7, 2023

Yes, legal software typically includes AI tools that legal professionals can use to create legal documents. AI supports the review of large volumes of electronically stored information (ESI) such as documents, emails, social media content, and other digital data. Due diligence. Regulatory compliance.

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Attorney at Work

JUNE 4, 2022

When you cannot email certain documents due to their size, you might be turning to services like Dropbox, Microsoft OneDrive and Google Drive for easy file storage and sharing — they’re all cloud-based. You just need to take reasonable due diligence to know it is secure. Due Diligence. Ongoing Duty.

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Debevoise Data Blog

MAY 1, 2022

On April 26, 2022, the Division of Examinations (“EXAMS”) of the Securities and Exchange Commission (the “SEC”) issued a Risk Alert titled “ Investment Adviser MNPI Compliance Issues ” (“Risk Alert”) on the use of alternative data.

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MatterSuite

JULY 31, 2023

By staying informed, legal counsel can identify potential risks and take proactive measures to ensure compliance. Implement Comprehensive Compliance Programs Developing and implementing robust compliance programs is an essential strategy for managing legal risks. In-house legal counsel should work closely with other departments.

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MatterSuite

JULY 9, 2023

By staying informed, legal counsel can identify potential risks and take proactive measures to ensure compliance. Implement Comprehensive Compliance Programs Developing and implementing robust compliance programs is an essential strategy for managing legal risks.

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Clio

FEBRUARY 21, 2025

From contract drafting to due diligence and deal efficiency, AI helps lawyers complete transactional legal tasks faster and more efficiently. You can use Clio Duo, your legal AI partner built into Clio Manage, to ask about documents, generate summaries, and much more. Book a Clio Duo demo today!

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3 Geeks and a Law Blog

JULY 11, 2023

Leib notes SessionGuardian’s solution addresses risks beyond eDiscovery and source code review, including data breach response, M&A due diligence, and outsourced call centers. He announces SessionGuardian will offer free CLE courses on cybersecurity awareness and compliance. To be honest, there was pushback.

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MatterSuite

JULY 4, 2023

AI-powered algorithms can sift through vast volumes of legal documents, case law, and regulations, delivering faster and more accurate results. Contract Analysis and Due Diligence: AI technologies, such as natural language processing (NLP), have made significant strides in automating contract analysis and due diligence processes.

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Percipient

NOVEMBER 24, 2021

In short, lawyers must observe their long-standing ethical obligation to preserve client confidence and conduct due diligence into any service or vendor used to store client information. Other states describe a lawyer’s duty when choosing SaaS and cloud computing services as one of “due diligence.”

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MatterSuite

AUGUST 28, 2023

The Need for Speed and Precision The legal realm deals with complex documentation and research demands. AI algorithms swiftly analyze extensive legal data, aided by NLP for document comprehension, case law identification, and contract insight extraction. It also underscores the role of legal tech.

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Debevoise Data Blog

SEPTEMBER 20, 2021

According to the SEC Order, there was no statistical basis for these post-model alterations, and there was no documentation on which estimates were adjusted and why. If model outputs need to be adjusted, make sure to document why and how, and ensure any significant model changes are adequately disclosed to the relevant stakeholders.

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MatterSuite

OCTOBER 27, 2023

Document Analysis: AI-driven software, such as Kira and Relativity, can review and extract critical information from documents, contracts, and emails. It automates the time-consuming process of document review and due diligence. This enhances trust in legal documentation.

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Rocket Matter

OCTOBER 3, 2023

This might include, but definitely isn’t limited to: Researching or performing due diligence for a client’s matter Correspondences or meetings related to a case Drafting briefs Filing paperwork Court appearances On the other hand, a great deal of legal work falls into the non-billable hour camp.

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Lawmatics

JANUARY 23, 2024

Legal software utilizing artificial intelligence (AI) helps law firms automate routine tasks like billing and document management, allowing lawyers and staff to focus on strategic tasks (or other areas that require their skills and expertise) and less on repetitive administrative tasks. How is AI Being Used in the Legal Field?

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Dennis Kennedy

DECEMBER 14, 2023

Generative AI refers to a subset of AI systems designed to generate content, whether it be text, images, or even legal documents. For lawyers, this can raise serious ethical concerns, especially if AI-generated advice or documents unintentionally favor one party over another due to these biases. Who’s responsible? Absolutely.

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Clio

JANUARY 30, 2024

Check out our blog post on understanding HIPAA compliance for more information. Unfortunately, because of the valuable documents lawyers keep on hand, law firms are prime targets. We recommend using Clio’s Cloud Computing Due Diligence Checklist. Learn more about state-specific data breach notification requirements.

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MatterSuite

FEBRUARY 6, 2024

Compliance with Evolving Regulatory Standards The legal landscape is marked by constantly evolving regulatory standards and compliance requirements. Organization and Storage: DMS streamlines the organization of legal documents., Version Control: These solutions enable the maintenance of different versions of documents.

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MatterSuite

FEBRUARY 6, 2024

Compliance with Evolving Regulatory Standards The legal landscape is marked by constantly evolving regulatory standards and compliance requirements. Organization and Storage: DMS streamlines the organization of legal documents., Version Control: These solutions enable the maintenance of different versions of documents.

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Colin S. Levy

JUNE 5, 2024

For instance, consider a law firm where AI-powered tools automatically sort through discovery documents, identifying relevant information faster than any human could. For instance, a paralegal trained in using AI tools for document review can handle significantly more work than before, enhancing their role and career prospects.

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Debevoise Data Blog

MAY 6, 2021

Disclosures— Ensure that company statements about its AI, including risk factors in financial statements, investor communications, privacy policies and public codes of conduct, are accurate and, as appropriate, backed by evidence and documentation. Document the testing procedures.

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Debevoise Data Blog

SEPTEMBER 30, 2021

Almost everyone working in cybersecurity compliance is aware that each U.S. The Safe Harbor States Rather than creating substantive cybersecurity obligations (with penalties for non-compliance), some U.S. Compliance with an Industry Framework. Compliance with Other Regulations.

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MatterSuite

JUNE 26, 2024

In essence, Generative AI reduces the time that legal practitioners spend drafting documents , reviewing them, or researching the legal content to do more profound work. Tasks such as document review and contract analysis, which may take a significant amount of time to do manually, are easily done with the help of AI.

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Dewey B Strategic

JUNE 14, 2023

Security compliance can be a complete deal killer. Many firms now require vendors to answer security compliance questionnaires and to disclose their security standards in advance of any trial or contract. Confirm that the vendor is willing to provide security documentation. Common Licensing Issues. Cancellation/Autorenewal.

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Martindale-Avvo

JUNE 7, 2024

Legal practice has largely been the domain of lawyers who spend an inordinate amount of time reviewing, analyzing, and summarizing an unending flow of documents. Regulatory compliance, due diligence, as well as contractual analysis and litigation, are among its capabilities.

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OpenText

NOVEMBER 26, 2024

Powered by generative AI (GenAI), this document summarization functionality leverages deep learning to interpret and synthesize information from lengthy documents, providing concise summaries that help users quickly grasp context and implied meanings. PDF document splitting Managing large PDF documents just got easier!

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Legal Tech Blog

DECEMBER 8, 2022

While these are necessary to help reduce complacency towards internal data protection compliance and ensure organisations actively work to reduce their exposure, it isn’t always easy for companies to align. Document review is a highly time consuming and laborious process that is ripe for automation.

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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.

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CaseFox

JULY 25, 2023

Cloud-based storage solutions offer secure and scalable platforms for storing sensitive client data, case files, and legal documents. This fosters seamless communication and document sharing, regardless of geographical barriers. This fosters seamless communication and document sharing, regardless of geographical barriers.

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CloudNine

MARCH 16, 2023

Integreon brings over 20 years of experience working with corporate legal departments and law firms on complex document review projects including litigation, arbitration, investigations, and due diligence.

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Legal Tech Monitor

JUNE 14, 2023

Security compliance can be a complete deal killer. Many firms now require vendors to answer security compliance questionnaires and to disclose their security standards in advance of any trial or contract. Confirm that the vendor is willing to provide security documentation. Common Licensing Issues. Cancellation/Autorenewal.

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MatterSuite

JANUARY 24, 2024

These tasks can range from document review and legal research to more complex processes like contract drafting and intellectual property management. Navigating International Legal Frameworks Legal processes often involve adherence to specific regulations and compliance standards.

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Simple Legal

DECEMBER 15, 2022

For example, ALSP Percipient saved a client around $400,000 just by taking over document review and subpoena compliance for them. More legal departments are bringing work in-house for tasks such as due diligence, legal research, labor and employment, intellectual property matters, and litigation case management.

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Debevoise Data Blog

NOVEMBER 21, 2022

Our key takeaways are: For financial services firms – determine if you are covered as a “financial entity” and, if so, begin charting a path to compliance: it is likely to be a resource-intensive undertaking and one which demands ongoing engagement from across the business, including management. What are the penalties for non-compliance?

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