LEGAL
The Insider: What in-house counsel need to know about social media pitfalls
Unless you’ve been living under a rock (and that may not be such a bad idea these days), you know that "social media" is everywhere. The new president of the U.S. has certainly underscored this fact through his daily use of Twitter®. It seems like almost everyone has a personal Twitter, Snapchat, or Facebook® account. Likewise, most companies have multiple social media accounts and they are used by marketing, public relations, HR, and more. While there are many positives to social media, there are also a lot of negatives. Or at least the potential for negatives. As in-house counsel you need to be aware of the problem areas, especially as to your own use of social media.
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How to build the foundation of your legal operations team the right way
Without question, the role of "legal operations professional" is growing more common among corporate legal departments. However, with more companies hiring individuals to perform specific legal operations roles, there are still a large number of corporate legal departments that do not have a legal operations team. For general counsel looking to build a legal operations team, or those that would like to improve the abilities of their current team, this article lays out a six-step approach to successfully develop, structure, and grow a legal operations function.
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Goodbye cases, hello legal tasks
The days of outside counsel handling an entire case may be coming to an end. Instead, clients are increasingly unbundling legal services, assigning tasks piecemeal across multiple firms and lawyers, in order to find the most cost-efficient legal services, according to a forthcoming paper in the Fordham Law Review.
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Appeals court ruling on data breach settlement may have big implications
During a time when news headlines are all but dominated by the word "Trump," many stories otherwise considered important may be drowned out amidst the clamor. The February 1 ruling from the Eighth Circuit, In re Target Corporation Customer Data Security Breach Litigation, is such a story. The decision is the latest in the class-action case against Target Corp. for the 2013 data breach that left up to 110 million Target customers’ credit card and personal information compromised.
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Blockchain collaborators should be attuned to potential antitrust issues
Blockchain, or distributed ledger technology, is poised to move shortly from an enticing idea with great promise to practical implementation across the financial services, healthcare, insurance, and numerous other industries. While the potential useful applications of distributed ledger technology are boundless, most share a common characteristic – the collaboration of independent economic actors. This collaboration, although essential to unlocking the potential of blockchain technology in the context of permissioned ledgers, can also raise potential issues under antitrust laws.
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Updated IP licensing antitrust guidelines • Consumer contracts and class action lawsuits • Class arbitration waivers in employment agreements
Learn why the FTC and DOJ recently proposed the first update to the Antitrust Guidelines for the Licensing of Intellectual Property (Guidelines) since 1995. Also, read about the recent rise in class actions under New Jersey’s Truth-in-Consumer Contract, Warranty and Notice Act (TCCWNA). Finally, until the Supreme Court resolves a circuit split, the enforceability of an employee’s class action waiver of claims against their employer will depend on where the waiver is to be enforced.
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Top 10 things for financial institutions to consider when outsourcing master agreements
Increasing cost and regulatory demands on the financial industry have brought pressure and complexity in legal responsibilities to a new level in financial institutions. As financial institutions adjust, they are evaluating their current processes and exploring new, better ways of doing business. One function on the minds of in-house counsel in the industry is master agreements.
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