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December 16, 2016 | Corporate Counsel

GCs Are Questioning Their Outside Counsel About Cybersecurity

The vulnerability of law firms to cyberattacks, already one of the big legal stories of 2016, is back in the news now that a judge has unsealed a class action lawsuit alleging the firm Johnson & Bell doesn't adequately protect client information from hackers. In-house counsel say the lawsuit is a good reminder of the importance of questioning outside firms about their cybersecurity efforts.
17 minute read
December 16, 2016 | The American Lawyer

Top Partners at Kirkland & Ellis See Cuts to Equity Shares

Two sources described the equity reallocation as a "bloodbath" for senior litigators.
10 minute read
December 15, 2016 | Texas Lawyer

Plaintiffs Firm Touts Texas-Sized Bonuses to Top Cravath

Reid Collins & Tsai, with offices in Austin and New York, boasted bonuses of up to $150,000 for associates, with salaried junior partners getting as much as $229,000.
8 minute read
December 14, 2016 | New York Law Journal

Citi Report Claims Growth Will Remain Slow in 2017

The legal industry can expect to see low single-digit growth in revenue and profitability next year, just as it did in 2016, according to a report released Tuesday by Citi Private Bank's law firm group and Hildebrandt Consulting.
25 minute read
December 14, 2016 | The American Lawyer

Hogan Lovells' Gorrell to Finally Ride Into the Sunset

J. Warren Gorrell Jr., a longtime leader at Hogan Lovells until stepping aside two years ago, is preparing to retire at 62. He will remain chairman emeritus at the Global 100 firm he helped form through a transatlantic merger in 2010.
101 minute read
December 14, 2016 | National Law Journal

Hogan Lovells' Gorrell to Finally Ride Into the Sunset

J. Warren Gorrell Jr., a longtime leader at Hogan Lovells until stepping aside two years ago, is preparing to retire at 62. He will remain chairman emeritus at the Global 100 firm he helped form through a transatlantic merger in 2010.
101 minute read
December 14, 2016 | New York Law Journal

New Cybersecurity Regulations: Impact on Representing Financial Institutions

Barry R. Temkin, of Mound Cotton Wollan & Greengrass, provides insights on the new New York Department of Financial Services cybersecurity regulations that become effective Jan. 1, 2017, particularly for lawyers who represent insurance companies, banks, insurance agents and other financial institutions in New York. The new DFS cybersecurity regulations require covered entities, including insurance companies, mortgage brokers, insurance agents and banks, to appoint a chief information security officer and to develop a comprehensive cybersecurity program in order to prevent hacking and other data breaches. In addition, the new DFS regulations will require the filing of an annual cybersecurity report, which must explain the state of the company's compliance with the new regulations, identify any soft spots or potential areas for improvement, and be signed and certified by the company's board chair or CEO.
24 minute read
December 14, 2016 | The Legal Intelligencer

Cyberrisk: A Peek Back at 2016 and a Look Ahead at 2017

As 2016 comes to a close I want take a moment to look back at my cyberrisk predictions from a year ago and discuss what to expect in 2017 and beyond. In case you missed it, with the election and cyberfatigue, cyber-related incidents are still happening at an alarming rate. According to the Identity Theft Resource Center, as of Nov. 29, there have been 932 breaches and 34,305,616 compromised records so far in 2016. That is an average of nearly three breaches and over 100,000 compromised records a day. Looking back, my predictions were fairly close to the mark.
22 minute read
December 13, 2016 | Texas Lawyer

Susman Godfrey Touts Top-End Associate Bonuses

The Houston-based litigation boutique is doing its part this month in showing that many things are bigger in Texas, such as associate bonuses.
8 minute read
December 13, 2016 | New York Law Journal

Schneiderman Gets Green Light for Fraud Suit Against Credit Suisse

New York Attorney General Eric Schneiderman can go forward with his $11 billion investor-fraud lawsuit against Credit Suisse after a New York appeals court ruled on Tuesday that a six-year statute of limitations, rather than a three-year period, applies to the case.
9 minute read

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