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International Edition

The perils of complacency – why firms should not turn a blind eye to risk

Compliance officers for legal practice (COLPs) and compliance officers for finance and administration (COFAs) have been in their roles since 1 January. So it is worth reflecting on whether the COLP/COFA regime put in place by the Solicitors Regulation Authority (SRA) to 'police' law firms is working effectively. Are law firms more compliant with SRA regulation than they were before COLPs and COFAs were appointed? Samantha Barrass, executive director of the SRA, said in a speech in December 2011: "The COLP will be responsible for taking reasonable steps to put in place systems and controls for good compliance." She added: "We will expect the COLP to be completely on top of risk and compliance."
9 minute read

Inside Counsel

Supreme Court case evaluates suits that represent states

Manufacturers in these cases are arguing that under the Class Action Fairness Act, they have the right to move civil cases brought by AGs out of their state courts and into federal court.
4 minute read

Inside Counsel

Litigation: Business advisors and the corporate attorney-client privilege

Courts have applied three very different standards to analyze when privileged material may be shared with business advisors without risking waiver.
12 minute read

International Edition

Simmons signs up former Dentons partner to boost Middle East operations

Simmons & Simmons has sealed the hire of Dentons Middle East disputes and construction chief David Risbridger. Risbridger, who was based in Dubai and Abu Dhabi, joined legacy Denton Wilde Sapte in 1997 and was made up as partner in 2000.
2 minute read

Inside Counsel

As lawsuits pile up, many big food companies scrap ‘all natural’ label

While the search for healthy, so-called all natural food products is seemingly at an all-time high, finding your favorite foods labeled in such a way will become more of a scarcity.
7 minute read

Inside Counsel

AIG could sue Morgan Stanley over pre-financial crisis deals

In the wake of the crisis, the firm hasnt had nearly the legal trouble of, say, Bank of America or J.P. Morgan Chase. However, Morgan Stanley expects that to change.
2 minute read

Inside Counsel

Bar reaction to proposed FRCP amendments

As the largest bar association in the nation, the New York State Bar Associations opinion on the law is entitled to some weight.
12 minute read

Inside Counsel

SAC to shut down following $1.2B settlement with U.S. government

Under the agreement, the SAC companies will plead guilty to each count for which they are charged in an indictment unsealed in July 2013.
6 minute read

Inside Counsel

Proactive risk management protects against exposure from increasing regulation of privacy interests

A flurry of recent California legislative activity has increased regulation and potential corporate exposure in the data breach and privacy arena.
5 minute read

Inside Counsel

New robocall regulations likely to spark deluge of litigation

More stringent rules regarding robocalls will provide the FTC with even more ammunition and targets for enforcement of "Do Not Call" rules.
6 minute read

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Legal Speak is a weekly podcast that makes sense of what’s happening in the legal industry.

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