As the economic and legal spaces become increasingly globalized—and corporate and law firm teams find themselves mired in cross-border and multi-jurisdictional matters—simplified, universal access to critical case data in the cloud becomes more and more necessary.
The Surge of the Collaboration Platform: Successful Management of Microsoft Teams Data in Legal Cases
In March 2017, Microsoft launched its online chat and collaboration tool Microsoft Teams. By the end of 2018, ~3 million users utilized Teams on a daily basis, growing to ~44 million users by February 2020. Microsoft Teams wasn’t alone on its upward trajectory; competing applications such as Facebook Workplaces and Slack have seen similar growth.
No one can deny that the coronavirus pandemic has profoundly impacted office culture, career trajectories, and the future of work. We gathered a group of women leaders to take stock of how recent developments have impacted women in the field of legal operations and technology in particular.
In the U.S., the ABA has estimated that document review alone accounts for more than 80 percent of total litigation spend, totaling tens of billions of dollars per year. As data becomes more varied and complex and volumes increase, that number is only going to rise. The dominance of social media, the increased use of short form multichannel messaging platforms, and even the growing popularity of podcasts have only widened the scope of what is considered fair game for discovery.
On July 16, 2020, the Court of Justice of the European Union (CJEU) issued its long-awaited judgment in the Schrems II case (case C-311/18). The Schrems II judgment impacts transatlantic personal data transfers under the EU’s General Data Protection Regulation (GDPR) in two key ways:
The LIBOR transition will impact close to $400 trillion in contracts. Organizations face a daunting task to examine, renegotiate and redocument any contracts containing LIBOR-based language or instruments before LIBOR expires on December 31, 2021.