Law Firms – Page 656 – Legal News Feed

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Promoting Corporate Compliance: DOJ, Commerce, and Treasury Publish Tri-Seal Compliance Note

Pieter Gunst3 years ago03 mins

In a noteworthy move, the US Departments of Justice (DOJ), Commerce, and the Treasury have taken a collective stride towards promoting accountability and compliance within corporations. The three esteemed departments have combined efforts to publish a Tri-Seal Compliance Note on Voluntary Self-Disclosure of Potential Violations on July 26, 2023. This Compliance Note encompasses voluntary self-disclosure…

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US Federal Agencies Urge Strict Adherence to Mental Health Parity and Addiction Equity Act

Pieter Gunst3 years ago03 mins

Compliance with the Mental Health Parity and Addiction Equity Act (MHPAEA) remains a pivotal focus for several US Federal Agencies. This comes to light following the annual report recently presented to the U.S. Congress by the U.S. Department of Labor (DOL), the U.S. Department of Health and Human Services (HHS), and the U.S. Department of…

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Chicago Strengthens Sexual Harassment Laws with Passage of Ordinance 2022-665

Pieter Gunst3 years ago02 mins

In delivering progressive adjustments to its municipal code, Chicago has recently fortified its sexual harassment laws with the passage of Ordinance 2022-665, significantly amplifying protections for employees working within the city. Interestingly, earlier guidance suggested that this crucial update would only apply to employers aligning with the definition outlined in the Criminal Record or Criminal…

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Navigating the No Surprises Act: New FAQs Provide Clarity on MOOP Limits and Facility Fee Transparency

Pieter Gunst3 years ago02 mins

Employers around the globe have a new set of Frequently Asked Questions (FAQs) to guide them on how the No Surprises Act relates to the maximum-out-of-pocket (MOOP) limit for annual cost-sharing under the Affordable Care Act (ACA) and facility fee transparency. The FAQs released on July 7, 2023, are authored by the Departments of Labor,…

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AI Integration and Legal Industry: Navigating Ethical Challenges and Technological Advancements

Pieter Gunst3 years ago02 mins

In the realm of information technology, algorithms, bots, and the creation of data through Artificial Intelligence (AI) have become instrumental. The legal industry is one such sector actively engaging these tech advancements and strategising to understand how best to use them. A webinar by the Association of Certified E-Discovery further accentuated the subject, involving a…

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Section 7520 Rate Rises to 5%: Impact on Wealth Management and Estate Planning Techniques in August 2023

Pieter Gunst3 years ago02 mins

The latest update on wealth management for August 2023 has been published by esteemed law firm Proskauer Rose LLP, marking significant alterations in the Section 7520 rate prevalent for estate planning techniques. According to the report, accessible here, the updated rate now stands at 5%, marking an upturn from the July 2023 rate of 4.6%….

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DHS Expands UFLPA Entity List, Strengthening Battle Against Forced Labor in Xinjiang

Pieter Gunst3 years ago02 mins

As reported by JD Supra, the Department of Homeland Security (DHS) announced on August 1, 2023, the addition of three entities to the Uyghur Forced Labor Prevention Act (UFLPA) Entity List. This register is a consolidated listing comprising four separate lists required under the UFLPA’s section 2(d)(2)(B). The entities added to this list will face…

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Denver’s Booming Market: Big Law Firms Capitalize on Tax Benefits and Thriving Industries

Pieter Gunst3 years ago02 mins

Drawing from the corporate-friendly tax scheme, the budding position as a venture capital investment hub, and a flourishing legal marijuana business, Denver is proving increasingly appealing to large law firms. In 2022 alone, there was an 8% rise in attorney headcount at NLJ 500 firms in the Metro Denver area, culminating in 2,310 lawyers. Furthermore,…

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AI in Legal Marketing: Mastering Ethics and Automation in Client Acquisition

Pieter Gunst3 years ago03 mins

As artificial intelligence continues to infiltrate various sectors, the legal profession isn’t left behind. Emerging technologies like AI not only promise convenient solutions but also pose unique legal and ethical concerns. With law firms accelerating digital transformation, AI-informed marketing strategies are increasingly common, redefining how businesses build their brands and engage with prospect clients. On…

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Exploring Measurement Errors as Contributors to Slow Construction Sector Productivity Growth

Pieter Gunst3 years ago02 mins

In a recent development in financial regulations, the Board of Governors of the Federal Reserve System has published a working paper titled “Can Measurement Error Explain Slow Productivity Growth in Construction?”. The key essence of the paper is to address and potentially rectify the perceived slow productivity in the construction sector. With a primary focus…

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Navigating US-China Relations: The Evolving Role of Export Controls

Pieter Gunst3 years ago02 mins

The evolution and complexity of the relationship between the United States and China, and the web of relations among China, the US, and US allies or partners, have always been managed, to some degree, through the use of export controls. Recent developments demonstrate that such controls remain instrumental in addressing various aspects of this relationship….

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OSHA Reinstates and Expands Electronic Injury Reporting Rule for Enhanced Workplace Safety

Pieter Gunst3 years ago02 mins

In a recent advancement, the Occupational Safety and Health Administration (OSHA) has decided to restore and broaden an Obama-era requirement, compelling employers spanning dozens of identified industries to electronically submit their injury and illness forms. The reinstated rule, with additional expansions, targets workplaces with a minimum of 100 employees. JD Supra reported this update which…

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Uhlmann’s Appointment Signals Renewed Focus on Environmental Justice Enforcement

Pieter Gunst3 years ago03 mins

On July 20, 2023, the U.S. Senate confirmed the appointment of David Uhlmann as the new Assistant Administrator of the Environmental Protection Agency’s (“EPA”) Enforcement and Compliance Division. The confirmation marks an interesting development in environmental justice enforcement efforts in the United States. Uhlmann brings a wealth of experience to his new role. Notably, his…

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Repercussions of Girardi Scandal Unfold as Law Firms Adjust to New Rules and Trends

Pieter Gunst3 years ago04 mins

The term “legacy” has lately stirred up mixed feelings. A legacy can be a gift, something passed down from a predecessor, or it often connotes a special status given to a person because of his/her familial relationship. However, recently the term has garnered some unsavory associations. The U.S Department of Education, for example, is presently…

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LexisNexis and Microsoft Partner to Revolutionize Legal Profession with AI-Driven Generative Technologies

Pieter Gunst3 years ago02 mins

In a move that will be of great interest to legal professionals around the world, LexisNexis has shed further light on its collaboration with Microsoft to develop generative AI products. In this unique partnership, the intention is to harness the potential of artificial intelligence to drastically change the way lawyers and law firms access and…

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NextGen Healthcare’s $31M Settlement Underscores DOJ Scrutiny of EHR Vendors

Pieter Gunst3 years ago02 mins

On July 13, NextGen Healthcare Inc., a renowned electronic health record (EHR) software vendor, settled its issues with the Department of Justice (DOJ), and the Office of Inspector General of the Department of Health and Human Services (HHS) in quite a remarkable manner. The agreement, covering the resolve of alleged False Claims Act and Anti-Kickback…

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Biden Administration’s Push for Enhanced Mental Health Coverage Compliance: Implications for Corporations and Law Firms

Pieter Gunst3 years ago02 mins

The Biden administration recently made known its intention to enhance accessibility to mental health coverage through a proposed rule primarily involving the expansion of plan oversight and enforcement activity. Spearheading this initiative are the US Departments of the Treasury, Labor, and Health and Human Services. This move aims to address the issues concerning mental health…

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Successful Law Firm PR Campaigns: Strategies and Insights from Industry Experts

Pieter Gunst3 years ago02 mins

In a recent episode of the Legally Contented podcast, Wayne Pollock, founder of the Law Firm Editorial Service, converses with Megan Braverman to spotlight the characteristics of potent law firm PR campaigns. Braverman, the principal and owner of the Los Angeles-based Berbay Marketing & Public Relations, brings an esteemed record of strategic PR management to…

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Biden Administration Proposes US Cyber Trust Mark for Enhanced IoT Device Security

Pieter Gunst3 years ago02 mins

With the ever-growing influence of the Internet of Things (IoT) devices in American lives, the risks of cyberattacks through these devices have also surged. Many of these attacks exploit vulnerabilities in IoT devices. In an attempt to mitigate such issues, the Biden-Harris administration has posited the creation of the US Cyber Trust Mark. This initiative…

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Navigating the New Normal: Embracing Technology for Efficient Legal Practice

Pieter Gunst3 years ago03 mins

While legal professionals worldwide continue with the adjustment to the ‘new normal’, the necessity of embracing technology for efficient legal practice has been underlined. This was a key takeaway from The Master’s Conference held recently in London. The conference shone a spotlight on an array of significant topics including eDiscovery/eDisclosure, Information Governance, and collaboration among…

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Asia-Based Law Firms Expand into Southeast Asia: Navigating Opportunities and Challenges

Pieter Gunst3 years ago02 mins

According to a recent report, Asia-based law firms are progressively expanding their operations into Southeast Asia. Cities like Vientiane, Bangkok, and Kuala Lumpur have become hot spots for these pioneering law firms. More details here. Although specific firms are not identified in the provided text, it’s crucial to note that this strategic move suggests a…

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Transforming for Tomorrow: NILG 2023 National Conference Kicks Off in Phoenix

Pieter Gunst3 years ago03 mins

Day one of the National Industry Liaison Group (NILG) 2023 National Conference commenced in Phoenix, Arizona, witnessing a full attendance despite soaring temperatures. Attendees comprising conference presenters, vendors, and agency representatives were treated to diverse and informative sessions that aligned seamlessly with this year’s proactive conference theme of “Transforming for Tomorrow”. The first day of…

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Twitter Rebranding Fiasco: The Importance of Thorough Trademark Searches

Pieter Gunst3 years ago03 mins

In what may come as a surprise to many, Twitter, the popular social networking site, recently announced that it would be undergoing a rebranding. The CEO of Twitter, Elon Musk, disclosed last week that the platform would henceforth be known simply as “X”. This sudden shift provoked immediate and widespread confusion, with many users mistaking…

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Unwritten Real Estate Agreements: Shifting Perspectives on Enforceability

Pieter Gunst3 years ago02 mins

In the realm of real estate law, numerous legal professionals and industry insiders adhere to the understanding that for a contract for the purchase and sale of property to be deemed valid, it must contain a few essential elements. These usually include the identity of the parties involved, a description of the property in question,…

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Expanding PBM Regulations: State Legislatures Take Decisive Steps in Health Care Benefits Oversight

Pieter Gunst3 years ago02 mins

Over the past five years, state legislatures have progressively turned their focus towards the role of pharmacy benefit managers (PBMs) in the context of health care benefits. Instituting a significant expansion of PBM regulation, this development has set a precedent that is attracting global attention. Initially, legislation focused predominantly on the PBM services offered to…