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Law Firms 'Building a Case' for Automated e-Procurement Solutions
Law firms are most often ranked by their ability to produce and grow revenue and profits per partner (“PPP“). As a result, law firm management teams have historically focused on increasing revenues and PPP to attract talent and gain prestige in the marketplace. In a further effort to compete, mergers and acquisitions are sought to better position firms in winning over new clients, and to broaden service capabilities to existing clients.
In today's economy, the demands of clients are causing a shift in the strategic focus of some law firm executives. Firms still have to remain competitive in attracting top talent to build revenue, but now more than ever, they face the challenge of offering competitive rates on top of best-class customer service to their clients. While we have seen a dramatic rise in attorney salaries, we have seen an even greater rise in the costs of doing business and a reduced willingness by clients to foot the bill. In response to these trends, law firm executives are now experiencing an increased pressure from their partnership to strengthen the bottom line by optimizing administrative performance.
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New York's Latest Cybersecurity Commitment
On Aug. 9, 2023, Gov. Kathy Hochul introduced New York's inaugural comprehensive cybersecurity strategy. In sum, the plan aims to update government networks, bolster county-level digital defenses, and regulate critical infrastructure.
The DOJ's Corporate Enforcement Policy: One Year Later
The DOJ's Criminal Division issued three declinations since the issuance of the revised CEP a year ago. Review of these cases gives insight into DOJ's implementation of the new policy in practice.
How AI Has Affected PR
When we consider how the use of AI affects legal PR and communications, we have to look at it as an industrywide global phenomenon. A recent online conference provided an overview of the latest AI trends in public relations, and specifically, the impact of AI on communications. Here are some of the key points and takeaways from several of the speakers, who provided current best practices, tips, concerns and case studies.
Use of Deferred Prosecution Agreements In White Collar Investigations
This article discusses the practical and policy reasons for the use of DPAs and NPAs in white-collar criminal investigations, and considers the NDAA's new reporting provision and its relationship with other efforts to enhance transparency in DOJ decision-making.