In a recent article, author Gina Passarella argues that the law firm industry “is moving away from a monolithic provider of legal services – the law firm – to a fragmented service platform where the competition isn’t just a broadening array of law firms, but legal process outsourcers [LPOs] and other non-law firm legal service providers [...]

In a recently published study conducted by security firm Kroll, findings showed electronic and information theft are at 27.3 percent of total fraud losses while physical theft at 27.2 percent.  Although this is statistically a dead heat, the fact that it is even close is significant for all companies looking to curtail fraud costs.  Interestingly, China had the highest [...]

As reported in this recent article in American Lawyer, in less than a year, “the UK’s legal landscape will change forever.”   This sea change is taking place given the third and final stage of the UK’s Legal Services Act comes into effect in October 2011 – allowing for UK law firms to accept outside equity investments for the first time.   [...]

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 [...]