Technology – Page 398 – Legal News Feed

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California Privacy Protection Agency to Scrutinize Connected Vehicle Manufacturers and their Data Practices

Pieter Gunst3 years ago03 mins

California’s Privacy Protection Agency’s Enforcement Division disclosed on July 31 that it is set to review the privacy practices of connected vehicle manufacturers and the associated technologies. As automobiles increasingly feature settings that offer web-based entertainment, location sharing, smartphone integrations, and built-in cameras, there’s an augmented focus on the scope of data collected on owners…

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NACAA Submits Comments on Proposed National Emission Standards for Coal and Oil-Fired Electric Utility Steam Generating Units

Pieter Gunst3 years ago03 mins

The National Association of Clean Air Agencies (“NACAA”) has recently submitted comments to the United States Environmental Protection Agency (“EPA”), regarding the Proposed National Emission Standards for Hazardous Air Pollutants (NESHAP) for Coal and Oil-Fired Electric Utility Steam Generating Units Review of the Residual Risk and Technology Review. The docket was addressed on June 22nd….

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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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Legal Tech Integration and Events: Exterro’s Jennifer Courchaine Talks PREX, inFusion, and Hero Awards

Pieter Gunst3 years ago02 mins

In the latest development in the legal tech sphere, Jennifer (Bantleman) Courchaine, Vice President, Customer Success & Global Support at EDRM Trusted Partner, Exterro, has sat down for an in-depth conversation with Kaylee and Mary for the 134th episode of the Illumination Zone. Jennifer Courchaine, who formerly held a position at Zapproved, spoke not only…

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SEC Proposes Regulation on AI and Predictive Analytics in Finance: Balancing Innovation and Compliance

Pieter Gunst3 years ago02 mins

On July 26, 2023, the U.S. Security and Exchange Commission (SEC) proposed a new set of rules affecting registered investment advisers and broker-dealers. As discussed in this JD Supra article, the proposed rules aim to handle certain conflicts of interest concerning the use of predictive analytics, artificial intelligence (AI), and other relevant technologies in dealings…

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AI Revolutionizing Compliance Functions: Streamlining Processes and Unraveling Unstructured Data

Pieter Gunst3 years ago03 mins

In the era of information, data is an indispensable element of not only any organization but more crucially, their compliance function. The importance of this data’s integrity, accessibility, and security can hardly be overstated for a business to operate effectively and to ensure proper compliance. However, as digital landscapes continue to evolve and grow in…

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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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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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Big Law Shuns ChatGPT, Pursues Secure AI Solutions for Data-Driven Legal Work

Pieter Gunst3 years ago02 mins

Am Law 200 firms have imposed a ban on their legal personnel using ChatGPT and other forms of generative AI to undertake client-related tasks, with concerns centered on potential data breaches and “hallucinations”. The decision, however, does not signify a withdrawal from the use of AI within law practices, due to its unmatched capacity for…

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Alt Legal Continues Expansion with Acquisition of TM Cloud’s Docketing Business

Pieter Gunst3 years ago03 mins

In its latest strategic move, cloud-based trademark docketing software company Alt Legal has stepped up its game with its fourth acquisition. The company has acquired customers and the docketing business of its competitor, TM Cloud. This acquisition enables Alt Legal to expand its customer base across the United States and globally, including regions such as…

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IRS Ruling on Staking Rewards Income Signals Shift in Cryptocurrency Taxation Approach

Pieter Gunst3 years ago03 mins

In a decision bound to affect a significant number of global enterprises and law firms working with cryptocurrencies, The Internal Revenue Service (IRS) has clarified that stakers should include the value of any rewards earned from staking in their gross income. This ruling was released in Revenue Ruling 2023-14 on July 31, 2023. Specifically, it…

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Streamlining Merger Clearance Proceedings with Technology-Assisted Review

Pieter Gunst3 years ago03 mins

In the era of ‘big data,’ one of the greatest challenges that face streamlined merger clearance proceedings is the voluminous electronic documents generated by contemporary businesses. But thankfully, solutions are within reach thanks to the power of technology. Sophisticated AI and data analytics tools exist which can help draw insights crucial to satisfying disclosure obligations…

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Navigating Commercial AI Transactions: Key Considerations for Successful Agreements

Pieter Gunst3 years ago03 mins

As Artificial Intelligence (AI) continues to transform the landscape of businesses worldwide, it has become a fundamental component of many recent commercial transactions, including industry acquisitions, business assets or licenses. This trend is set to extend even further as the interest in AI technology intensifies. For organisations integrating AI into their available services, there are…

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AI’s Growing Role in Legal Proceedings: Accelerating Document Review and Analyzing Contracts

Pieter Gunst3 years ago03 mins

In an era defined by rapid advances in technology, the legal landscape of corporations and law firms is shifting as digitisation permeates every facet of operation. The role of artificial intelligence (AI) in legal proceedings, in particular, is restructuring the traditional ways law firms work and how corporate legal teams navigate proceedings. One significant change…

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KKR Acquires Majority Stake in LEAP India: A Strategic Move in Asia Infrastructure Expansion

Pieter Gunst3 years ago03 mins

Global investment firm KKR has made a significant move in the Indian market by acquiring a majority stake in LEAP India, a pallet pooling platform, for a reported figure above $350 million. The legal matters in this transaction are being overseen by Simpson Thacher & Bartlett and AZB & Partners on behalf of KKR, while…

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Singapore Law Firm Tackles Anti-Money Laundering Compliance with Innovative Tech Solution

Pieter Gunst3 years ago03 mins

Singapore-based law firm Rajah & Tann’s innovation subsidiary, Rajah & Tann Technologies, is harnessing technology to aid enterprises in navigating anti-money laundering (AML) regulations. Collaborating with Singapore-based property technology company Showsuite, they have launched a tech-driven solution specifically designed to assist property developers in Singapore in complying with recently introduced AML regulations. (source) These new…

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Law Firms Cautiously Consider Generative AI Adoption for E-Discovery Efficiency

Pieter Gunst3 years ago03 mins

Law firms explore generative AI for e-discovery efficiency but remain cautious due to ethical concerns and limitations. Find out how a balanced approach can maximize potential benefits.