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How Does FDIC Insurance Work for Lawyer Trust Accounts?

Clio

How does FDIC Insurance work when a bank failure occurs? When a bank failure occurs, the FDIC insurance will reimburse deposits up to the standard insurance amount. Since the start of the FDIC insurance program in 1934, no depositor has lost a penny of insured funds as a result of a failure. What is FDIC Insurance?

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Predictions for legal ops in 2023 with LaTrece Johnson of Palo Alto Networks

Simple Legal

Lately it seems like every legal new source is releasing whitepapers and webinars on topics like “How To Do More With Less?”, “Use Data to Drive Business Decisions”, “Improve Your Contracting Process”, and “Minimize Your Outside Counsel Spend”. Legal professionals are inundated with emails and overwhelmed.

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A Summary of the Final Amendments to the NYDFS Cyber Rules

Debevoise Data Blog

To assist businesses impacted by the Second Amendment with tracking key compliance dates, NYDFS published Cybersecurity Implementation Timelines for small businesses , Class A businesses , and covered entities , and announced that it will host webinars to assist regulated entities with compliance. April 15, 2024: 500.17(b):

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The Benefits of Legal Malpractice Insurance for Lawyers

MatterSuite

Failure to comply with these regulations can result in severe penalties, including suspension or revocation of licensure. Lawsuits can happen to anyone, even the most skilled lawyers. Here are the top 8 benefits of malpractice insurance for lawyers. Preserving Reputation In the competitive world of law, reputation is everything.

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The Benefits of Legal Malpractice Insurance for Lawyers

MatterSuite

Failure to comply with these regulations can result in severe penalties, including suspension or revocation of licensure. Lawsuits can happen to anyone, even the most skilled lawyers. The median cost of defending a legal malpractice lawsuit is $100,000. Here are the top 8 benefits of malpractice insurance for lawyers.

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Opportunity in Crisis: Innovative Ways Law Firms Are Stepping Up Client Relationships

Attorney at Work

And law firms that resist the impetus for change will risk failure. Businesses around the world continue to feel the pandemic’s impact in countless ways. Similarly, many private clients struggle to overcome hurdles related to limited access to technology or lack of funds. Times of crisis and uncertainty always present opportunity.

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Highlights from Masters Conference New York 2024

CloudNine

By Rick Clark The Masters Conference for Legal Professionals in New York City hosted by Morgan Lewis LLP on July 24th was replete with insights on applying AI to eDiscovery, collecting and reviewing text and chat app data and information governance. This approach helps to tell the whole story while saving time and reducing costs.