Tag: Corporate Counsel

“Cyber liability insurance” is often used to describe a range of insurance policies, in the same way that the word cyber is used to describe a broad range of information security related tools, processes and services. Everyone is talking about the need for “stand alone” cyber liability insurance policies. These stand-alone cyber liability insurance policies basically cover expenses related to the management of a breach, e.g, the investigation, remediation, notification and credit checking. However, cyber liability coverage is also found in some existing insurance policies, including kidnap and ransom and professional liability coverage. There may also be some limited coverage through a crime policy if electronic theft is added to that policy.

On September 18, 2014, InsideCounsel magazine held a corporate counsel conference to facilitate discussions on current legal issues. In sessions on governance and compliance, industry experts addressed the current top challenges that in-house attorneys face when managing enterprise risk. Cybersecurity is no longer just a “technology” issue. It has become a business and legal issue. Compliance and management personnel must be trained and informed on the impact that cybersecurity risks present to the business. Companies must have a business response, not just a technical response, prepared for when something goes wrong. The question is not “whether” a cybersecurity issue will arise, but when.

You are general counsel to a company, and your CEO steps into your office, clutching his iPhone in one hand and wiping sweat from his brow with the other, and tells you that a compromising photograph of him was stolen from his phone and posted online. You start thinking not if, but when, shareholders will discover this embarrassment, how much it will cost the company and what legal action to take.

One of the phrases we hear most frequently in client feedback interviews is “Make my life easier.” Clients often describe that as the key to their most successful outside counsel relationships, and at other times they express that wish for broken relationships. But what does it really mean and how can we put it into practice? Like a diligent athlete, those who make their clients’ lives easier pursue it as a way of life rather than an act of duty. As with most of our recommendations, we highly encourage you to customize your approach to the client, include the client in the discussion and adapt and evolve the value over time. Here are some ways to get started:

Over three days during September 17-19, InsideCounsel magazine succeeded where others have not. They created a national forum to facilitate women-to-women exchange on current legal issues. This year’s conference was the second annual meeting to bring together talented women attorneys. As part of the process, InsideCounsel invited nationally-recognized women who are General Counsel for Fortune 500 companies and attracted the best and brightest among in-house attorneys around the world. One speakers’ panel shared their experiences for getting to the GC leadership positions where they are today, and the advice is refreshingly candid.

Following the Supreme Court's recent guidance in Alice Corp. v. CLS Bank International, several software patents have been invalidated by the Federal Circuit, and district courts. In Alice Corp., the court set out a two prong validity test. First, whether the subject matter is eligible for a patent; and second, if so, whether the recitation of generic computer components adds something that is not already present when the steps are considered separately? For software patent applicants, Alice Corp. now requires that the method or system 1) improve the functioning of the computer itself, and do more than instruct one to apply the abstract idea on an unspecified generic computer; or 2) effect an improvement in another technology or field.

Which firms do Fortune 500 companies turn to when facing bet-the-company litigation?

Which firms do Fortune 100 companies turn to when they’ve got bet-the-company litigation on the table?

The future looks bright for small law firms and their partners. But what about small-firm associates?

Someone in the company is going rogue: The person proposes to do something brazenly illegal, or slightly illegal, or perfectly legal but sufficiently immoral that the conduct would turn any reasonable person's stomach. The rogue is not listening to logic. The person is ignoring everything that your local in-house lawyer is saying. What's the appropriate response from the law department?

Current in-house lawyers: Is the law respected in your workplace? Aspiring in-house lawyers: How can you make sure that a potential in-house employer respects the legal function?

You spend three years of your life going to law school. You spend over a hundred thousand dollars on getting that education. You take a difficult entrance exam to prove that you are qualified to practice law. You'd think that after all that you'd be able to convince sophisticated clients of your value as a lawyer. You would, of course, be wrong....