Released on September 1, 2010, CT TyMetrix’s Real Rate Report, which is based on empirical data “gathered from $4.1 billion in invoicing generated by over 3,500 law firm and 90,000 individual billers over three years (2007-2009),” provides unique insight on the billing practices of law firms around the country.   This report demonstrates  that it may not necessarily be the [...]

In a pair of articles sent out by CNA to its law firm insureds, two large law firms showcase (by way of their privacy and risk management departments) the rising data loss exposures faced by all law firms.  An article written by seasoned privacy attorneys from Hunton & Williams provides “an overview of key privacy and information security issues impacting the practice [...]

An August 17, 2010 New Jersey decision may be negative for businesses in New Jersey despite what on the surface is  a win for a large corporation.   In Cain v. Merck & Co., Inc., the New Jersey Appellate Division addressed whether the New Jersey Business Corporation Act entitles shareholders to inspect the minutes of the [...]

Given that there exists over 20,000 environmental remediation sites in New Jersey, many companies have had to deal with the significant costs incurred in cleaning up contaminated sites despite the economic slump.  In an effort to help, in May 2009, New Jersey implemented sweeping reforms to the process of environmental site remediation when it enacted the Site Remediation Reform Act [...]

According to a Gawker exclusive, a simple online request made on the AT&T network allowed access to user account information.  The information exposed in the breach “included subscribers’ email addresses, coupled with an associated ID used to authenticate the subscriber on AT&T’s network, known as the ICC-ID.”   One security consultant offered that ”recent holes discovered in the [...]

It what has come to be a now common event, the FTC has decided to extend again the enforcement of its Red Flags Regulations.  Succumbing to Congressional pressure, the FTC has decided to extend the prior deadline – which was last slated for June 1, 2010 – until December 31, 2010.   Most privacy professionals have [...]

The Devil’s Casino, Vicky Ward’s first book, is the latest account of the fall of Lehman Brothers.  Released in April, this Lehman tome applies  a gossipy approach to storytelling.  Although we learn much about the shopping habits of some Lehman wives, repo transactions are nowhere to be found.   The book, however, becomes noteworthy when Ward details a September 9, 2008 meeting between JPMorgan’s Jamie Dimon [...]

According to a recent article in Lawyers USA, small and middle market business owners are so jaded by the number of times the FTC has delayed enforcement of its Red Flags Regulations, they have pushed compliance to the back burner.  Tanya Forsheit, of InformationLawGroup, is quoted in the article as saying, “I suspect a lot of [...]

Times remain tough for law firms.  The legal sector lost another 1,100 positions in April  – making it the second month in a row of four-digit losses.  Since April 2009, the legal sector has lost a total of roughly 28,000 jobs.   It is no surprise some firms are choosing to sue clients for non-payment rather than work [...]

Here are just a few of the many network security and privacy (NSAP) headline incidents that have hit law firms over the years: “Employee at a Palo Alto law firm steals 90 laptops and 120 desktop computers and sells them” “Eighteen laptops stolen from the Orlando office of a major law firm” “Paralegal at a New York [...]