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General Business Professional Practice

Read need-to-know updates, commentary, and analysis on General Business issues written by leading professionals.

Spectre and Meltdown CPU Vulnerability: Impact on Multifunction Copiers & Printers

by Epiq on

Two major security flaws recently discovered in nearly all the world’s microprocessors, termed Meltdown and Spectre, leave much of the world’s computers vulnerable to hackers looking to steal entire memory contents. They...more

GDPR and CASL: Why Data Privacy Rules Are Good for Data Quality

by Chris Fritsch on

For professional services firms, compliance with regulations such as the General Data Protection Regulation (GDPR) in Europe and the Canadian Anti-Spam Legislation (CASL) can feel like a thankless burden. Without a doubt,...more

Another Stern Reminder re: Judiciary Law § 470 is Alive and Well

by Farrell Fritz, P.C. on

Frequent readers of this blog may recall my post from the end of last year in which I highlighted a decision of the Appellate Division, First Department affirming a decision of New York County Commercial Division Justice...more

Contingency Fees in Arizona: Paper is Worth its Weight in Gold

Attention Arizona attorneys: to receive compensation for your contingent fee work, make sure your fee agreement is in writing and signed by the client – or, you might not get paid at all. This is the message from the Arizona...more

Indemnification Clauses and Defining the Relationship

by Poyner Spruill LLP on

We typically think an attorney-client relationship is something that has an unmistakable beginning. One day a client says, “I want you to be my attorney.” To which the attorney replies, “Sure, I will be your attorney.”...more

The future of arbitration: New technologies are making a big impact — and AI robots may take on “human” roles

by Hogan Lovells on

Will new technologies influence the way cases are arbitrated? That was the topic of a debate that included members of the ICC International Court of Arbitration and Hogan Lovells partners Winston Maxwell and Laurent Gouiffès...more

Are Cloud Companies Moving Away from Pricing Transparency?: eDiscovery Trends

by CloudNine on

Last May, I wrote a post asking if pricing transparency is finally happening in eDiscovery. Here’s an article where the trend seems to be reversing – at least for Software-as-a-Service (SaaS, aka cloud) companies in general....more

Important Considerations in Selecting the Right Mediator

by Foley & Lardner LLP on

One of the fundamental components of a mediation is, of course, the mediator. Continuing the Manufacturing Industry Advisor’s series on mediation, we discuss how to select the right mediator for resolution of your dispute....more

LEI delay helps firms but the pressure is still on

On December 20, 2017, the European Securities and Markets Authority (ESMA) announced a six month Legal Entity Identifiers (LEI) grace period, but firms must be in the process of obtaining client LEIs. You need the insight...more

Landmark decision awards security for costs against third-party funder in excess of funder’s commitment

by White & Case LLP on

The decision in Sandra Bailey & Others v GlaxoSmithKline UK Limited on 8 December 2017 examines the exposure of third-party funders to security for cost applications and considers whether the so-called Arkin cap is of any...more

Billable Bitcoins: Why it Pays for Lawyers to Accept Cryptocurrency

With bitcoin and other cryptocurrencies reaching shocking new prices seemingly every day, some people have finally started putting the new payment systems to real use – paying lawyers. Earlier this fall Nebraska became the...more

Forum Selection Clause in an Unsigned Pre-Petition Engagement Letter is Binding on Chapter 11 Trustee.

Every lawyer knows that it is important to enter into a signed engagement letter with a client before commencing legal representation. But, as one law firm recently discovered, even an unsigned engagement letter is better...more

Traps, Pitfalls, and "Gotcha" Moments: 3 Practical Business Contract Tips from Travelzoo GC Rachel Barnett

by JD Supra Perspectives on

Insights from Travelzoo GC, Rachel Barnett, whose new book modernizes contract law and applies legal concepts to the real corporate world....more

Is VC Investment in the Legal Tech Market on the Decline?: eDiscovery Trends

by CloudNine on

Last week, we took a look at whether the eDiscovery market is growing, shrinking or shifting. This week, let’s take a look at whether venture capital investment in the legal tech market is rising or falling....more

Drafting Maryland Liability Releases

by Pessin Katz Law, P.A. on

The drafting of liability releases has always been complicated and recent legal developments in Maryland have made such drafting even more complicated. Some non-exhaustive things to think about when drafting liability...more

[Webinar] Cross-Border Data Breach Litigation Settlements - November 2nd, 12:00pm ET

by BakerHostetler on

Please join BakerHostetler’s Class Action Defense Team along with Kurtzman Carson Consultants (KCC) LLC, RicePoint Administration Inc. and Affleck Greene McMurtry LLP for “Cross-Border Data Breach Litigation Settlements,” on...more

Ruling Elevates Conflicts Considerations in Insurance/Tripartite Relationship Cases - After Washington Supreme Court Decision,...

by Holland & Knight LLP on

• Relationships between insurer, insured and insurer-appointed defense counsel – also known as the "tripartite relationship" – have long been recognized as a potential source of conflicts of interest. By a 5-4 majority in...more

PMI – An Insider’s Guide – Part 3: What to do When You’re Asked to Assist in a Potential Acquisition – Post-Integration Run Phase...

by Patrick Law Group, LLC on

It’s been months since your company was all over the news with a splashy acquisition and the fanfare has died down a bit. There are rumors, quietly at first, but then persistently louder, that things aren’t going so well...more

PMI – An Insider’s Guide – Part 2: What to do When You’re Asked to Assist in a Potential Acquisition – Between Signed and Closed...

by Patrick Law Group, LLC on

Your day starts with headlines screaming across the Internet – your company has acquired a particular entity (“Target”). The office is buzzing with the news and potential impacts – what does this mean for my role now and in...more

PMI – An Insider’s Guide: What to do When You’re Asked to Assist with a Potential Acquisition – Due Diligence Phase

by Patrick Law Group, LLC on

The Internet is jammed with articles reporting that most merger and acquisition activity fails, and yet each year companies large and small continue to engage in the practice with the hopes that bringing onboard this...more

Where Have All the Women Gone?

by Atma Global on

Just over a year ago, the heads of government in Brazil, Argentina, and Chile – three of Latin America’s most dynamic regional powers – were female. Today, Chile remains the only country whose presidency is held by a woman –...more

Fixed-fee packages can minimize legal fees for startups

by GableGotwals on

Q: What legal issues should new entrepreneurs be aware of when launching a business? A: Building a business with a solid foundation is vital to positioning a new business for future success. This includes checking all of...more

Tips for Drafting Executive Employment Agreements -Tip #2 – Severance Conditions

by Bryan Cave on

This article continues with another tip for drafting executive employment agreements and the importance of consulting counsel. For every well drafted executive employment agreement in the business world, there seem to be...more

A Minute Guide to Minutes

Among the many elements of corporate housekeeping and compliance that demand the time and attention of directors and officers (and staff), minutes often seem like a burden. No one doubts that minutes matter. A...more

AML Due Diligence Standards for U.S. Lawyers

by Ballard Spahr LLP on

Increasingly, international bodies are calling for higher standards for gatekeepers, known in the parlance of the Financial Action Task Force (“FATF”) as “designated non-financial businesses and professions” (“DNFBPs”)....more

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