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

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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Clio

JANUARY 30, 2024

Law firm data security should be a top priority for any practice, and here’s why: Clients trust you with their most confidential information. Since clients entrust lawyers with so much of their sensitive data, law firms make prime targets for cybercrime. You don’t want your law firm to become part of that statistic.

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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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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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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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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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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

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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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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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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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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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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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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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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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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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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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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MatterSuite

OCTOBER 13, 2023

In this blog, we’ll explore some best practices and insights on change management for corporate legal departments, drawing from reputable sources like Thomson Reuters, Bloomberg Law , Argopoint, and Harvard Law School. The first step in this process for corporate legal departments is recognizing the need for change.

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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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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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Attorney at Work

AUGUST 26, 2021

Law firms didn’t let the pandemic get in the way of profitability or performance in 2020. Successful law firms not only accommodated dynamic client needs in this moment of unprecedented upheaval, but also made internal structural changes to ensure the work got done as efficiently and cost-effectively as possible.

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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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Technology Law Dispatch

JULY 11, 2023

It influenced modern data protection laws such as the GDPR and established core principles around data transfers. They may also be combined with additional safeguards, as long as they do not contradict the model clauses, applicable law, or infringe upon human rights and fundamental freedoms recognized in Convention 108+.

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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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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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Debevoise Data Blog

NOVEMBER 22, 2022

Of the laws not yet in force, only the CPA envisions rulemaking. Without guidance, regulations, or enforcement actions to draw from, EU and Member State guidance and enforcement actions are likely to help businesses understand key concepts in the State Privacy Laws. Recently, a number of U.S.

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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. Imagine a scenario where an associate uses an AI tool to conduct comprehensive case law research in minutes rather than hours, providing more time for client strategy sessions.

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Clio

MARCH 13, 2023

Every week, another AI tool seems poised to take the legal profession by storm— Harvey AI , described as “unprecedented legal AI”, is yet another exciting offering in law firm AI. And, with a recent investment from Open.AI, the creator of ChatGPT , many are wondering what this technology means for the future of law.

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Colin S. Levy

MARCH 7, 2023

We went on to develop a successful high-volume, low-cost legal services model through developing partnerships with law firms across the United States to help consumers consolidate and ultimately eliminate their debt. UniCourt’s purpose is tied directly to our mission to make court data, public records, and the law more accessible and useful.

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CloudNine

MARCH 16, 2023

CloudNine Review provides the eDiscovery industry standard for self-service processing, analysis, and production for traditional data, in addition to CloudNine Analyst, a complete modern data discovery platform for law firms and corporations of all sizes.

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Debevoise Data Blog

OCTOBER 31, 2023

The UK’s Approach to AI Regulation As set out in the government’s white paper on AI , the UK, unlike the EU, does not intend to implement AI-specific laws or regulations. One possibility is for the UK Financial Regulators to introduce standardized AI due diligence requirements that firms must satisfy before they can adopt third-party tools.

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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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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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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

JUNE 26, 2024

A related survey of law firm lawyers found similar results, with 80% agreeing that the tech can be used for legal work, with approximately half saying it should be.’ This capability is beneficial in the due diligence stage, legal discovery , and compliance reviews, where tons of data require proper and swift analysis.

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