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Often, when you think of the role of a paralegal, things like drafting documents, scheduling meetings, and taking notes come to mind.
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By Mike Hamilton, director of marketing at Exterro
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Overcollection is one of the leading drivers of exorbitant e-discovery spending, which means data management and information governance play a vital role in allowing legal teams to find and collect the right data quickly and efficiently.
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As high-profile cases and ever-increasing regulations highlight, we are entering a new age of dealing with data that’s causing companies to rethink everything – from how they collect data to storage, retention, access, disposal, and more.
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Law firms typically have fewer systems and resources in place with which to address money laundering,
making them something of a ‘soft target’ for criminals
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Lawyers work with some of the most sensitive information of any profession. An attorney or client can damage the outcome of a case by mishandling a single critical document, and even a small cyber breach can bring down an entire practice. Law firms therefore are constantly on the lookout for easier and more comprehensive ways to manage these risks. You must defend your communications and data against hackers and inadvertent leaks, both inside and outside the organization. Lawyers frequently communicate clients’ sensitive information to third parties as part of doing business, and these communications need protection. In addition, your cybersecurity systems must keep pace with legal profession changes.
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Magrath LLP is a leading practitioner of immigration and employment law services which specialises in assisting corporations and private clients to relocate high-value individuals around the world. Established in 1990, the firm has cemented itself as the legal brand of choice in the business immigration market and among its prestigious roster of clients. The organisation necessarily depends on a global reach toconnect with its dispersed and highly mobile customer base, which it achieves today through offices in London and Singapore.
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Myhomemove helps around 50,000 people each year to buy, sell and remortgage their homes. In 2011, they were the first UK organisation to attain an Alternative Business Structures license to operate in the UK. Today, they empower over 700 staff to provide an innovative, technology-led service to clients.
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Memery Crystal is a specialist international law firm, based in London. It specialises in three sectors; ‘Commercial, Media & Technology’, ‘Retail & Leisure’, and ‘Natural Resources’. In 2015, Memery Crystal partnered with the Chinese law firm, Yingke. The two work together to help clients across four continents and ten major commercial regions around the world.
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For several years, industry experts have called for a move to a centralized risk-management
function in law firms. As merger activity intensifies and law firms look to lateral hires and
international expansion to drive continued growth, they are faced with more complex regulatory
requirements and conflicts considerations. Current approaches – distributed, ad hoc, and largely
manual — result in an inconsistent application of risk mitigation strategies and cannot scale to
meet increasingly complicated demands.
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It's tempting to think that because your law firm hasn’t felt the full impact of a cyber attack, you’re not at risk, especially if you've already invested in security.
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Under the General Data Protection Regulations (GDPR), organisations may be fined up to €20 million, or 4% of the total worldwide annual turnover of the preceding financial year, whichever is higher.
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Every organization has contracts, but not every organization adequately manages its contracts. And while the nature and complexity of these agreements can vary widely, careful governance enables organizations to maximize their value and limit their exposure.
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No law firm in 2019 needs to be masking text instead of properly redacting it. The days of running a black marker over a hard copy and scanning it back in to create a new soft copy should be long gone. The modern equivalent – drawing a black box over content in Microsoft Word and converting to PDF – shouldn’t be far behind it, either. Why? Because PDF redaction solutions are widely available, reliable, and efficient.
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Improper redaction is a leading source of data breaches globally. In many countries, lawyers have a legal obligation to redact all kinds of confidential information prior to filing court documents – including financial account details, names of minors, home addresses, and dates of birth.
