How can firms protect confidential client information when data thieves are on the payroll? How can CIOs develop security protocols that protect against insider trading, without crippling the ability for professionals to collaborate freely and across disciplines?
BigLaw is struggling to address these difficult issues in the wake of the latest insider trading scandal — this one involved three of the world’s most prominent law firms: Wilson Sonsini, Skadden, and Cravath, when associate Matthew Kluger allegedly used his knowledge of technology to systematically uncover enough information to reap $32 million in profits with the help of two co-conspirators. What’s fascinating is that Kluger didn’t even open files in the document management system — he simply gleaned enough information to “do the math” just by looking at the file names.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
