Martindale-Avvo

MAY 25, 2023

Backed by a recent investment from Open.AI, the creators of ChatGPT, many speculate on the implications of this technology for the future of law. It combines general internet data from the GPT model with legal-specific data, including case law and reference materials. Who’s partnering with Harvey AI?

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CaseFox

AUGUST 25, 2023

These practices are now laws and guidelines in many countries. One of the major crops targeted by these legal regulations and guidelines is soy due to the large-scale farming practices. Failing to abide by the laws can have a negative business reputation, legal and financial consequences.

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Attorney at Work

JUNE 4, 2022

QUESTION: Our law firm would like to reduce our paper and physical storage use and costs by “going to the cloud” with our data. We don’t want an ethics violation due to a data breach of our clients’ confidential information. requires attorneys to keep abreast of changes in law and its relation to technology. Due Diligence.

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LawSites

FEBRUARY 22, 2024

The Massachusetts case did involve a lawyer, as well as the lawyer’s associate and two recent law school graduates not yet admitted to practice. He blamed the mistake on his own ignorance of AI and attributed the inclusion of the cases to two recent law school grads and an associate who worked on the memoranda.

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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

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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3 Geeks and a Law Blog

JULY 11, 2023

Ellington explains that the impetus for creating SessionGuardian came from working with a law firm to secure their work with eDiscovery vendors and contract attorney staffing agencies. Sircar says law firms’ top challenges are employee issues, data retention problems, physical security risks, and insider threats.

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MatterSuite

JULY 31, 2023

Keeping abreast of new laws, regulations, and judicial decisions relevant to the company’s industry is crucial for managing legal risks. By staying informed, legal counsel can identify potential risks and take proactive measures to ensure compliance. Integrate compliance efforts effectively into the company’s operations.

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MatterSuite

JULY 9, 2023

Keeping abreast of new laws, regulations, and judicial decisions relevant to the company’s industry is crucial for managing legal risks. By staying informed, legal counsel can identify potential risks and take proactive measures to ensure compliance.

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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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Rocket Matter

OCTOBER 3, 2023

Time tracking software: Time tracking software is increasingly part-and-parcel of law firm time tracking strategies. You can track it automatically , integrate your timer with other applications (think: Word and Outlook), enter time from your phone when you’re on the go, and much more.

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MatterSuite

OCTOBER 27, 2023

Ever wondered how technology is reshaping the practice of law, an arena known for its venerable traditions and meticulous procedures? This analyzes vast legal databases and provides attorneys with relevant case law, statutes, and legal precedents. It automates the time-consuming process of document review and due diligence.

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MatterSuite

JANUARY 24, 2024

Initially emerging as a cost-cutting measure, LPO has evolved into a strategic imperative for law firms globally. This paradigm shift is evident in the increasing adoption of LPO by law firms of all sizes, from boutique practices to multinational corporations.

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Debevoise Data Blog

SEPTEMBER 30, 2021

Almost everyone working in cybersecurity compliance is aware that each U.S. In this Debevoise Data Blog post, we examine the general cybersecurity obligations under state law, including common themes and recent developments. have adopted laws with similar cybersecurity requirements (collectively, the “Reasonable Security Laws”).

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MatterSuite

JULY 4, 2023

Get ready to witness the future of law practice, powered by the unstoppable force of AI. AI-powered algorithms can sift through vast volumes of legal documents, case law, and regulations, delivering faster and more accurate results. In legal research, AI-powered systems can analyze numerous legal documents, case laws, and regulations.

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MatterSuite

FEBRUARY 6, 2024

Cloud-based legal technology empowers law firms with unparalleled flexibility, scalability, and accessibility, redefining the way legal professionals work, collaborate, and serve their clients. These challenges, if left unaddressed, can impede progress and hinder the potential for growth and innovation within law firms.

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MatterSuite

FEBRUARY 6, 2024

Cloud-based legal technology empowers law firms with unparalleled flexibility, scalability, and accessibility, redefining the way legal professionals work, collaborate, and serve their clients. These challenges, if left unaddressed, can impede progress and hinder the potential for growth and innovation within law firms.

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Debevoise Data Blog

DECEMBER 10, 2024

In this post, we discuss how companies can comply with NYDFSs current approach by establishing internal governance committees, conducting a gap assessment against existing controls and standardizing due diligence processes, among other practical tips.

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Martindale-Avvo

JUNE 7, 2024

It’s no secret that lawyers and law firms must maintain an online presence to continually attract and retain clients, but digital marketing is labor-intensive and expensive. Justia AI Justia AI Writer promises to do what you probably dread doing – write and update content for your law firm’s website.

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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% Covington’s Privacy and Cybersecurity Practice regularly advises on cybersecurity laws in Europe and elsewhere.

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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

OCTOBER 26, 2023

NIST), the ICO’s response was that there have been a number of laws introduced recently that require certain security measures to be adopted. Any framework could be used as a baseline as long as the focus is on security as an outcome and not compliance. To the questions on what security frameworks or standards should be used (e.g.,

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MatterSuite

AUGUST 28, 2023

AI algorithms swiftly analyze extensive legal data, aided by NLP for document comprehension, case law identification, and contract insight extraction. Enhanced Research and Case Law Analysis Legal research is a time-consuming task that often involves sifting through countless documents and sources.

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Debevoise Data Blog

SEPTEMBER 20, 2021

Obtain contractual representations from data providers that stipulate that the data provider has the authority to license the data and has not violated any laws or other contractual obligations in obtaining or licensing the data for trading purposes.

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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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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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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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Simple Legal

DECEMBER 15, 2022

of their external spending to law firm bills, according to a Gartner report. And with law firm billing rates on the rise , the best way to cut legal costs is to identify ways to avoid overpaying for law firm billing rates. According to the 2021 EY Law Survey, 83% of General Counsel believe they have too many vendors to manage.

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Richmond Journal of Law and Technology

MAY 2, 2023

These include e-commerce law, consumer protection law, data privacy laws, and breach notification laws. However, companies can use these laws to their advantage by using them as a guide to identify the most suitable e-commerce market to enter. 12] To ensure compliance and mitigate risks, U.S.

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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. Lawyers must combine AI insights with their expertise, understanding of current law, and specifics of the case at hand. What happens if an AI tool makes an error? Potentially.

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Lawmatics

NOVEMBER 7, 2023

AI helps legal professionals find relevant case law, statutes, and precedents by searching and summarizing vast legal databases. AI allows law firms to target potential clients with personalized marketing campaigns based on status, matter type, location, and more. Due diligence. Regulatory compliance. E-discovery.

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Inside Privacy

DECEMBER 5, 2023

Although voluntary, the draft standards will also have consequences for European cybersecurity laws more broadly, including: NIS 2, Europe’s cybersecurity directive for essential infrastructure, which provides that member states may require entities to use products that are certified under the ECCS. of global turnover. What’s happening next?

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Dewey B Strategic

JUNE 14, 2023

In 2023 many law firm libraries are completely digital while others have shifted significant amounts of their budgets from print to digital. If there is no procurement team, there may be a designated contract attorney who reviews the contracts for the law firm. Security compliance can be a complete deal killer.

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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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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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MatterSuite

JANUARY 14, 2024

Unlike the foundational education obtained in law school, CLE serves as a mechanism for lawyers to update their skills, stay informed about legal trends, and adapt to the dynamic nature of the legal profession. Core subjects encompass fundamental legal topics that provide a broad understanding of the law.

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MatterSuite

JANUARY 14, 2024

Unlike the foundational education obtained in law school, CLE serves as a mechanism for lawyers to update their skills, stay informed about legal trends, and adapt to the dynamic nature of the legal profession. Core subjects encompass fundamental legal topics that provide a broad understanding of the law.

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