MatterSuite

JUNE 19, 2023

Legal RFPs help evaluate and select service providers based on expertise, experience, geographic reach, pricing, and compliance. Ensuring Quality and Compliance The use of RFPs ensures that all potential vendors adhere to specific criteria set by the corporate legal team. Also, instructions for vendors to submit their proposals.

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Legal Tech Monitor

JUNE 13, 2023

"Due diligence can be different for different entities around the world," said Snell & Wilmer cybersecurity partner Aloke Chakravarty.

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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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Debevoise Data Blog

JANUARY 30, 2025

In this blog post, we discuss key provisions in the Consent Order, which not only underscore the FTCs expectations for (and enforcement of) reasonable security practices in the absence of specific regulations but also highlight the added compliance burden that companies may face in an enforcement action. For instance, the U.S.

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Legal Practice Intelligence

JANUARY 27, 2025

Edinburgh-based platform empowers in-house legal teams with advanced AI tools for due diligence, contract audits, and compliance reportingbacked by comprehensive training. Wordsmith AI, a leading provider of AI-powered legal reporting.

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MatterSuite

MAY 25, 2023

PCI compliance, which stands for Payment Card Industry Data Security Standard, is a set of security standards designed to protect cardholder data and ensure secure payment card transactions. Consequently, law firms may handle payment card information, making PCI compliance essential.

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Attorney at Work

JUNE 4, 2022

You just need to take reasonable due diligence to know it is secure. Due Diligence. As the applications of cloud computing evolve (see more from the National Institute of Standards and Technology if you’re interested), so must our security and compliance inquiries to keep our practices and clients safe.

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Martindale-Avvo

MAY 25, 2023

Harvey AI’s Capabilities Harvey AI’s capabilities include: Contract analysis, Due diligence, Litigation, and regulatory compliance. This process familiarizes Harvey AI with the firm’s specific practices and enables it to provide tailored assistance.

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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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Attorney at Work

AUGUST 26, 2021

Both resolved their issues by bringing in contract attorneys to do the routine due diligence and discovery, freeing up their partners and associates to do more substantive work. Need someone with expertise in regulatory compliance? Creative Staffing Arrangements Can Help Law Firms Win Business. Data privacy litigation?

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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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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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Clio

FEBRUARY 21, 2025

From contract drafting to due diligence and deal efficiency, AI helps lawyers complete transactional legal tasks faster and more efficiently. Is keeping up with due diligence document review taking up a lot of staff time? AI wont replace transactional lawyers, but it is transforming how they work.

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LawSites

FEBRUARY 22, 2024

Appellant submitted the Appellate Brief in his name and certified its compliance with [the court’s rules] as a self-represented person. . “Filing an appellate brief with bogus citations in this Court for any reason cannot be countenanced and represents a flagrant violation of the duties of candor Appellant owes to this Court.

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Percipient

JANUARY 20, 2025

Its also super handy for spotting legal risks early, especially in compliance, so you can deal with issues before they get out of hand. Its particularly useful for lawyers and legal teams who want to offload repetitive, time-consuming work while maintaining high standards of quality and compliance.

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MatterSuite

JULY 4, 2023

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. This can save lawyers substantial time and effort in conducting legal research and due diligence.

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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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Debevoise Data Blog

SEPTEMBER 20, 2021

To the extent that the data sets are being generated internally or scraped from the public Internet, make sure that there are policies and procedures to confirm regulatory compliance with contractual, IP and privacy obligations that may limit the use of that data.

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Technology Law Dispatch

OCTOBER 26, 2023

Any framework could be used as a baseline as long as the focus is on security as an outcome and not compliance. When using third-party services, you need to conduct due diligence, have security questionnaires, and have specialist teams, rather than procurement teams, review the responses and standard terms.

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MatterSuite

AUGUST 28, 2023

AI can swiftly identify key terms, potential risks, and inconsistencies in contracts, thereby aiding lawyers in negotiations and due diligence. AI tools equipped with machine learning can review and compare contracts, highlighting inconsistencies, potential risks, and non-compliance issues.

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Ikigai Law

MAY 11, 2023

With this change, crypto-businesses are subject to an entirely new compliance universe. It must then undertake ‘enhanced diligence’ like asking for additional KYC details or source of funds. Undoubtedly, these obligations will increase the compliance burden for crypto-businesses. The notification is straightforward.

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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. What’s happening next?

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MatterSuite

OCTOBER 27, 2023

It automates the time-consuming process of document review and due diligence. Document Review Automation: AI solutions like Kira and ROSS can pinpoint clauses, provisions, or data in contracts and legal documents, greatly speeding up due diligence and contract analysis.

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Lawmatics

JANUARY 23, 2024

Contract analysis: AI technologies, including natural language processing (NLP) and machine learning, are used to analyze and review contracts to identify key terms and potential risks and help ensure compliance. Risk management: AI is useful for assessing and managing legal risks.

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Debevoise Data Blog

OCTOBER 4, 2021

In this Part 2, we discuss the measures that financial institutions can adopt to mitigate their ransomware sanctions risks, and why those compliance controls differ from the steps being taken by victims. These reviews can help determine which areas of the bank’s business may require heightened consideration for sanctions compliance.

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Lawmatics

NOVEMBER 7, 2023

Due diligence. Regulatory compliance. AI-driven chatbots and virtual assistants handle routine client inquiries, appointment scheduling , and initial case assessments. AI automates the review of financial documents and contracts during mergers and acquisitions to identify potential risks and liabilities. Data analytics.

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Richmond Journal of Law and Technology

MAY 2, 2023

9] Conversely, countries like Kenya, Algeria, Senegal, and Ivory Coast appear to have weaker consumer protection laws, which can create legal ambiguities and compliance challenges. [10] This is because complying with the legal requirements of one country in the group ensures compliance with all others. 15] Ultimately, U.S.

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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. Tools such as Onelog and Research Monitor can also enforce compliance with licensing restrictions. Cancellation/Autorenewal.

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MatterSuite

OCTOBER 13, 2023

This could be driven by a variety of factors, including: Evolving business objectives New regulations or compliance requirements Technological advancements Changes in client expectations Cost-saving initiatives Recognizing the necessity for change is crucial, as it lays the foundation for the subsequent steps in the change management process.

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Dennis Kennedy

DECEMBER 14, 2023

While the AI tool may have generated the content, lawyers must exercise due diligence to ensure that the advice or document is accurate and appropriate. If AI-generated advice leads to significant harm due to its inaccuracy and a lawyer blindly follows it without due diligence, it could potentially lead to claims of malpractice.

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Clio

MARCH 13, 2023

Harvey AI assists with contract analysis, due diligence, litigation, and regulatory compliance and can help generate insights, recommendations, and predictions based on data. As a result, lawyers can deliver faster and more cost-effective solutions for client issues.

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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. Further, in the case of legal, some data needs to be kept on record for set lengths of time to ensure compliance.

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Ikigai Law

MAY 9, 2023

They also mandate online gaming intermediaries to comply with due diligence requirements and provide for a self-regulation framework for online gaming intermediaries offering online real money games. Regulations for local online game providers: The TN Act places strict compliance requirements on local online game providers. [15]

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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

JANUARY 14, 2024

Legal practitioners operating in multiple jurisdictions must meticulously navigate these variances, ensuring compliance with the specific rules governing each state in which they practice. Opting for courses from reputable providers not only ensures compliance but also enhances the overall quality of the learning experience.

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MatterSuite

JANUARY 14, 2024

Legal practitioners operating in multiple jurisdictions must meticulously navigate these variances, ensuring compliance with the specific rules governing each state in which they practice. Opting for courses from reputable providers not only ensures compliance but also enhances the overall quality of the learning experience.

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