Enterprise Legal Management
February 29, 2016
The function of legal departments has shifted from primarily managing legal matters and costs to acting as revenue generators that provide information and analytics valuable to the entire company. This article offers a primer about enterprise legal management (ELM).
A Practical Primer on Enterprise Legal Management
February 29, 2016
During the past 30 years, corporate legal departments made the move from paper case files, word processing documents, and Excel spreadsheets to what is now the industry standard: enterprise legal management (ELM). This article offers a primer about the primary components of ELM, its cost savings, its benefits, and the relationship between corporate IT and legal departments.
Top Security Intrusion Trends the Legal Community Should Watch
February 29, 2016
Lawyers are increasingly expected to understand the implications of cybersecurity when providing advice relating to a long list of matters that include privacy compliance, contract compliance, data breach response, data breach litigation, M&A due diligence, and insurance coverage. As a result, it is important that lawyers understand the latest trends in cyber intrusions that may expose their stakeholders to unwarranted risk and allow adversaries to exploit technical and human vulnerabilities.
Top Security Intrusion Trends the Legal Community Should Watch
February 29, 2016
Lawyers are increasingly expected to understand the implications of cybersecurity when providing advice relating to a long list of matters. Legal counsel, as trusted neutral advisors, are uniquely qualified to help navigate risk considerations and bridge customer deliverables and workforce expectations with adequate security and shifting legal requirements. As a result, it is important that lawyers understand the latest trends in cyber intrusions.
When a Partner Divorces
January 31, 2016
Going through a divorce can be tumultuous for everyone involved. When one of the parties is a partner in a law firm, those challenges are sometimes elevated for both the partner and the law firm.
Training Tomorrow's Lawyer
January 31, 2016
"There's math and technology involved? Count me out, that's why I went to law school." But the practice of law is not immune to technological advances, especially in the areas of research methodologies and, of course, electronic discovery. Furthermore, clients are continuing to focus on value, whether that is in seeking alternative fee arrangements or evaluating outside counsel on their efficient delivery of legal services.
Prioritizing e-Mail Security in the Legal Sector
January 31, 2016
Data breaches and cyberattacks aren't new occurrences, but it can sometimes feel like they are. It's only in the last few years that we've seen these attacks make headlines more and more, increasing in both quantity and impact.
Insurance Limited Partnerships As an Alternate Estate Planning Tool
January 31, 2016
Valuation discounts in estate planning has permitted the transfer of assets from one generation to another in an economically efficient manner. Two of the various discount methods claim lack of control (minority interest discount) and lack of marketability. The IRS has traditionally objected to these approaches in intra-family transfers, while Congress has attempted to legislate away these "loopholes" unsuccessfully and the Treasury Department is contemplating new regulations to accomplish this goal.
Extract Maximum Value from e-Discovery Service Providers
January 31, 2016
The unfortunate reality is that companies regularly involved in litigation can expect to pay service providers (a.k.a., "vendors") a substantial sum of money for e-discovery services. Estimates indicate that companies will spend nearly $10 billion annually on e-discovery in the coming years. Are companies getting their money's worth for these services? What can companies do to extract maximum value from their e-discovery service providers?
2015 Tax Legislation: Extenders Plus More
January 31, 2016
2015 was an eventful year for tax legislation for law firms, their clients and their employees. In addition to the extenders package, that has become an annual tradition in Congress, there were some other significant tax bills that passed over the summer.
