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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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 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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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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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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LawSites

JUNE 1, 2021

Integrated with HighQ, the collaboration and workflow platform Thomson Reuters acquired in 2019, HighQ Contract Analysis is designed for attorneys to use in transactional due diligence, compliance review and contract investigations.

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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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Debevoise Data Blog

NOVEMBER 18, 2024

For some firms, compliance with the Circular will require a significant increase in their cybersecurity compliance budgets and the securing of additional resources for 2025 and beyond. Some companies may want to address this now as 2025 budgets are being finalized.

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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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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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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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Inside Privacy

DECEMBER 1, 2023

Conducting due diligence on imported PDEs. As with most recent European technology regulation, the CRA will come with the threat of high penalties for non-compliance – up to €15 million or 2.5% Notifying severe security incidents to ENISA, the relevant national cybersecurity authority, and users of the PDE. of global turnover.

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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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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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Eric Goldman

FEBRUARY 15, 2024

The DSA sets EU-wide rules for the “conditional exemption” of intermediaries from liability (including a “notice and action” mechanism), while also imposing on intermediaries certain due diligence obligations that reflect the evolution in technology and business models since the EU legislation of the early 2000s.

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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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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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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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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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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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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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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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Technology Law Dispatch

JULY 11, 2023

Model Contractual Clauses – easier route to compliance Model clauses provide a ready and cost-effective solution to comply with regulatory requirements, while ensuring that personal data attracts the same level of protection when transferred to another country.

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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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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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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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MatterSuite

FEBRUARY 6, 2024

Compliance with Evolving Regulatory Standards The legal landscape is marked by constantly evolving regulatory standards and compliance requirements. Tracking and documenting changes is vital, especially in legal documents, ensuring compliance and accuracy by maintaining a clear audit trail of alterations.

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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. Tracking and documenting changes is vital, especially in legal documents, ensuring compliance and accuracy by maintaining a clear audit trail of alterations.

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Martindale-Avvo

JUNE 7, 2024

Regulatory compliance, due diligence, as well as contractual analysis and litigation, are among its capabilities. Harvey AI has some true innovative potential; as an AI tool, it can learn on the job. When a law firm adopts Harvey AI , the tool uses the firm’s work products and templates to customize its assistance.

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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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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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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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Colin S. Levy

JUNE 5, 2024

Furthermore, maintaining compliance with legal standards and regulations when integrating technology requires meticulous planning and oversight to avoid potential legal pitfalls. Adopting advanced technology in legal practices often encounters human skepticism or resistance.

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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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