ChatGPT AND ETHICS: BREAKING PRIVILEGE AND WAIVING CONFIDENTIALITY?
“Like the use of any IT service which requires input or other exposure of data to a program hosted beyond an organization’s firewall, the use of ChatGPT poses a risk to the confidentiality and privilege of any data which it is asked to consider.” Artificial Intelligence (AI) is a technology tool already well-established in the […]
ARTISTS VERSUS AI
“We like to say we’re trying to expand the imaginative powers of the human species. The goal is to make humans more imaginative, not make imaginative machines, which I think is an important distinction.” It’s funny how as technology rapidly evolves, so does its corresponding vocabulary, or, as more popularly referred to, its ‘buzzwords’. In […]
LAW FIRM GROWTH STRATEGIES IN TIMES OF INFLATION
“If you focus on delivering good services at reasonable prices, people will still come. Of course, with a recession, you might see a downtick in revenue, but it doesn’t necessarily mean that it has to be the end of your law firm. Ultimately, if you’re passionate about what you do and you offer good products […]
SECURING THE RETAINER FEE
“When an attorney is engaged to prosecute or defend in an action, his entire services in that action are engaged for his client, and he cannot perform service for the adverse party. He is retained by his client for that entire action, and whether his client may ever call upon him to perform services or […]
CREATING A RECESSION-PROOF PRACTICE
“You need to be able to get lean on demand. That’s really the key to survival. Not investing in [technology] will have a detrimental impact for law firms, not just because of a recession but also from business continuity risks.” Did you ever hear it said that the practice of law itself is recession-proof because, […]
THE NEW DATA PRIVACY RULES FOR 2023
“Keep an eye on enforcement activity in all of the States to better understand how these new and complex requirements are Interpreted by their respective enforcement agencies.” In 2018, California passed one of the most sweeping and comprehensive data privacy laws in the country. Known as the California Privacy Protection Act, the statute handed consumers […]
ESG RATINGS: A CALL FOR GREATER TRANSPARENCY AND PRECISION
“We aim to demonstrate that the best opportunities lie not at the extremes of ESG rhetoric, but at the heart of sustainability substance.” In 2006, the UN’s ‘Principles for Responsible Investment’ report raised the notion of incorporating an evaluation of a company’s Environmental, Social, and Governance (ESG) practices as part of its overall financial evaluation. […]
IP RIGHTS IN ATTORNEY WORK PRODUCT
“If litigation attorneys could be held liable for copyright infringement, the benefits associated with widely disseminated litigation documents would cease, and there would be a substantial loss to public welfare resulting from the higher costs of legal representation.” What is an attorney’s work product if not the combination of his or her thoughts, plans, theories, […]
NON-TRADITIONAL CLIENT COMPENSATION
“While some law firms undoubtedly invested solely because the firm recognized a promising opportunity to make money, the majority appear to have acted out of a concern related to the preservation and nurturing of the attorney-client relationship.” The notion of a lawyer taking his or her fee in the form of stock in a client’s […]
NAVIGATING THE DOWNTURN: A PRIMER FOR DIRECTORS
“In a crisis, when the stakes are high, and scrutiny is intense, the board has a unique role. Stepping in may be uncomfortable, but stepping aside is not an option.” The ‘Great Recession’ which officially ran from December 2007 until June 2009, was considered the worst U.S. (and global) economic downturn since the Great Depression. […]
