Standard & Poor’s unit McGraw-Hill is currently defending itself against allegations from the United States Justice Department that the company fraudulently misrepresented the quality of mortgage-backed securities to investors. S&P asked a federal judge yesterday to dismiss the charges citing that the plaintiff’s case is based on vague statements that cannot prove fraudulent activity.
The Justice [...]
By necessity, lawyers are deeply rooted in precedent and tradition — living and breathing case law in their working lives. This mindset is extraordinarily useful for navigating our legal system and making effective, evidence-based arguments, but it can also hinder law firms’ ability to adapt to changes in the legal world that have great potential [...]
Until recently there was widespread resistance among CIO’s and IT departments to Bring Your Own Device, or BYOD, because of the inherent security risks and increased ability of employees to engage in personal activities at work. However, BYOD is a rapidly accelerating trend among many companies and law firms who view it as an asset [...]
GlaxoSmithKline has made enormous strides towards revamping the way that they pay for outside legal services by implementing value-based billing wherever possible. When Dan Troy was hired as GC in 2008, he immediately began to push for an alternative to hourly billing. Collaboration with key members from GSK’s finance, procurement, and IT departments yielded a [...]