In the realm of professional service firms, the challenge of evidently showcasing the significance of Customer Relationship Management (CRM) and fostering its adoption is a prevalent issue. System utilization is infrequently stipulated. This places the marketing team in a demanding predicament of trying to persuade individual professionals that there is genuine value in providing data…
As fall approaches, it is common for law firms to engage in a reflective practice, evaluating their strategies, performances, and tools. One significant area that often prompts a revisit during this period is the Customer Relationship Management (CRM) system. The aim is to understand how effectively it has been working and whether there is room…
When the COVID-19 pandemic forced workplaces to shutter three years ago, there was little time for organizations to plan for this unprecedented shift to remote work. What they knew, however, was the need for a reliable collaboration tool to maintain business continuity. The majority in the legal community sought refuge in Microsoft Teams, partially propelled…
As artificial intelligence (AI) continues to rapidly grow and evolve, its potential significance for businesses and jurisdictions around the world becomes increasingly clear. More than ever, it is critical that enterprises have a comprehensive strategy in place to leverage this powerful technology. Financial institutions and regulators, in particular, are beginning to examine the adoption of…
The Supreme Court is to hear an appeal by South Carolina’s Republican-controlled legislature in a dispute over a congressional map which was discarded earlier this year by a federal court. The case pivots around the accusation of racial gerrymandering, with the GOP lawmakers rejecting allegations of rearranging voting boundaries based on race and maintaining they…
One of the latest milestones in the world of legal developments occurred recently in Minnesota. On May 20, 2023, the state passed the Survivorship Bill. This significant move made Minnesota the final state to pass such a bill, providing a much-expanded scope of justice for victims of medical malpractice and wrongful deaths. This news was…
In an unprecedented move, the United States Department of Justice (DOJ) introduced a “safe harbor” policy for companies that voluntarily self-disclose violations identified during the M&A process. The announcement was made by US Deputy Attorney General Lisa Monaco on October 4, 2023, in a speech given at the Society of Corporate Compliance and Ethics. According…
The European Long-Term Investment Fund (ELTIF) stands as an investment instrument introduced for economic policy purposes to provide additional financing options to certain industries and companies. Spawned by the EU Commission in 2015, the uptake for ELTIF’s has been sluggish despite its potential benefits. As of July 2023, just 95 ELTIFs existed, according to the…
In a bid to encourage corporate transparency and promote fair business practices, the US Department of Justice (DOJ) revealed a new initiative on October 4th, 2023. US Deputy Attorney General Lisa Monaco announced the adoption of a new Mergers & Acquisitions Safe Harbor Policy. This move is aimed primarily at incentivizing companies to self-disclose any…
Setting out on her own after launching her legal practice, Kimberly Bennett swiftly concluded that there was a more efficient system than the traditional billable hour for pricing her services. Her pursuit of steady pricing for her clients in intellectual property, coupled with a consistent income for herself, led her to adopt a subscription-based model…
Senior technology lawyers are cautioning law firms, particularly those in Asia, against a wait-and-see approach towards adopting generative artificial intelligence (GenAI) technology. They note that law firms risk losing any competitive edge and being left behind in the rapidly progressing world of AI language models. While numerous international law firms are progressing with GenAI implementations,…
In a recent development, the U.S. Department of the Treasury and Internal Revenue Service (IRS) released proposed regulations about the transfer of clean vehicle credits. The proposed regulations pertain to Section 25E of the Internal Revenue Code, which covers previously owned clean vehicles, and Section 30D, dealing with new clean vehicles. The Revenue Procedure 2023-33,…
The New York State Department of Financial Services (DFS or the “Department”) updated the expectations on cryptocurrency adoption and listing on September 18. This proposed guidance applies to BitLicensees and limited-purpose trust companies, collectively known as Virtual Currency Entities (VCEs), wishing to list virtual currencies on their platforms. This revised guidance not only updates the…
In a recent episode of “Counsel That Cares,” tax attorney Don Stuart and Public Policy & Regulation attorney Chris Armstrong embarked on an enlightening discussion about tax-exempt hospitals. As representatives from the respected law firm Holland & Knight LLP, Stuart and Armstrong, discussed the critical criteria that enable hospitals to secure tax-exempt status — an…
As practitioners in the dynamic environment of legal services, there is no doubt that nurturing client relationships is of utmost importance. Firms are increasingly integrating powerful tools like Customer Relationship Management (CRM) systems into their practice to effectively manage these relationships. However, a significant challenge remains ensuring that those within the firm actively adopt and…
In a crucial move towards reinforcing the privacy of student data, Minnesota Gov. Tim Walz (D) gave his assent to the Student Data Privacy Act (the “Act”), designated as H.F. No. 2353, on May 22, 2022. This newly minted law amends the existing regulations stipulated under Minnesota’s Government Data Practices Act. The Act was set…
The Pregnant Workers Fairness Act (PWFA) which went into effect on June 27, 2023, is following a regulation timeline aimed to issue final regulations by the Equal Employment Opportunity Commission (EEOC) by Dec. 29, 2023. Industry legal experts have highlighted key provisions of the EEOC’s proposed regulations, specifically for the manufacturing industry, while also providing…
The United States Energy Information Administration (EIA) published a report on October 3rd noting a significant downturn in construction costs for solar, wind, and natural gas-fired generators during 2021. This change in expenses is a trend along with the rise in renewable energy technologies and the switch to cleaner generation methods. This report, aptly titled…
In an era where artificial intelligence (AI) is reshaping the modern workplace, employing methodologies that range from simple automation to complex machine learning algorithms, it is pivotal for legal professionals to understand how legal structures and agreements are responding to this sea change. A recent and illuminating example of this comes from an unexpected source:…
In a recent development within the field of renewable energy, a Deloitte report identifies the California Independent System Operator (CAISO) as the market leader in America for the utilization of energy storage. The report highlights CAISO’s successful use of energy storage in renewable energy integration, grid optimization, as well as electrification and decentralization. These efforts…
The growing recognition of the climate change crisis has led to a surge in the demand for clean energy alternatives. Consequently, there’s been an increase in the manufacture and adoption of green technologies like wind turbines, solar panels, and electric vehicles. These technologies often rely heavily on minerals like cobalt, lithium, and nickel. The underwater…
A few years back, the catalog of frets for large corporations primarily centered on traditional issues necessitating legal retrospect such as data breaches or class-action lawsuits. Today, however, the evolving digital landscape has brought a new breed of worries: Artificial Intelligence (AI) nightmares. Proliferation of deceptive deep fakes, advanced phishing scams, serious copyright claims arising…
On October 5, 2023, an announcement was made by the Deputy Attorney General, Lisa Monaco, regarding the implementation of a new safe harbor policy within the mergers and acquisitions (M&A) realm. This policy is bound to have a broad impact on the M&A landscape as it was announced to be implemented Department-wide, extending to aspects…
Harvey AI, an AI tool making waves in the legal profession, is seeing widespread adoption among top-tier law firms such as Allen & Overy, who are leveraging its innovative generative technology capabilities. So in demand is this technology, prospective users face a waiting list before they can embark on their Harvey journey. Among the recent…
As technology continues its relentless advancement, AI is making significant inroads into various industries, including healthcare. The healthcare sector has been increasingly experimenting with AI tools in recent times. However, with such accelerated progress, certain ethical, security, and legal considerations often raise concern.Robinson+Cole Data Privacy + Security Insider spoke to these concerns, noting that these…