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Companies urged to consider AI risks
Compliance officers should now add artificial intelligence (AI) to the list of things they need to worry about, the Justice Department says. It has issued the Evaluation of Corporate Compliance Programs, a guidance document for lawyers and compliance officers that asks them to be aware of the line between taking advantage of AI’s potential benefits…
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Building trust: The key to success
Stefan Grafe, chief executive of Mext Consulting and developer of TrustLogic, emphasizes the importance of trust in law firm marketing and business development. He states: “Being trusted, no matter how highly, doesn’t actually mean anything unless you’re the most trusted.” Grafe highlights that while many partners are trusted by their direct clients, this trust diminishes…
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TimeSolv transforms legal billing
TimeSolv is a cloud-based platform designed for law firms and professional services, enhancing timekeeping and billing since 1999. It addresses key challenges such as time tracking, unpaid invoices, and case management. Timekeeping extends beyond hourly billing, allowing firms to evaluate profitability and set budgets. The platform features a mobile app for real-time tracking, expense management,…
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Law firms embrace creative marketing
Allan Schoenberg, chief communications officer at Vinson & Elkins, highlights the evolving landscape of legal marketing, stating: “The future of law firm communications and marketing is bright, bold and brimming with possibilities.” As competition intensifies, law firms are increasingly focusing on building their online presence and establishing themselves as thought leaders. A recent study by…
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California bans political ‘deepfakes’ amid changing digital landscape
California has become the first state to implement laws targeting political deepfakes ahead of the November election. Governor Gavin Newsom has signed three bills that require social media companies to act against deepfakes, including removing them upon receiving complaints. California Rep. Jim Costa said: “I think it’s a grave concern to all of us that…
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New U.S. law to protect taxpayer data
The U.S. House of Representatives has approved the Taxpayer Data Protection Act, aimed at enhancing penalties for the unauthorized disclosure of tax information. This legislation follows the leak of sensitive taxpayer data by IRS contractor Charles Littlejohn, who was sentenced to five years in prison for leaking information about the tax returns of high-profile individuals,…