Tuesday, June 1, 2010

Law Firm Compliance News and Notes

  • Monica Bay, Editor-in-Chief of Law Technology News recently noted: "...compliance is looming large over the legal industry. Once all of the related issues become clear, I suspect that compliance will make e-discovery look simple."
  • The Risk Roundtable Program reports great success at two recent events in New York and Philadelphia. These sessions focusedon how technology is transforming risk management for law firms. Over 60 participants gathered to talk about risks tied to common firm information and data lifecycle management practices, evolving industry rules, case law and complaince standards. Discussions also explored how ftechnology is being used to help combat the various risks (some of which it helped create in the first place). Follow-on Roundtable events are under development.
  • Hogan Lovells: Reports that the European Union, already home to strict data privacy, confidentiality and compliance tracking requirements, is looking to refine and extend its rules. Worth noting for organizations working or interacting with that geography. (Or for those who see EU style rules as a harbinger or model for what might spread overseas as US data regulations continue to evolve.

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