Legal Current

Dealing with the virtual economy

Sudhir VenkateshAs technology innovation continues, the digital marketplace continues to evolve as well. The challenge however is that technology is agnostic: good guys and bad guys all have access to the same tools, and they dictate how it is used – for good or for bad – raising concerns and plenty of anxiety over the emerging virtual economy.

Thomson Reuters and the International Centre for Missing & Exploited Children co-hosted a first-of-its-kind conference recently in Washington, D.C. The event, The Virtual Economy: Potential, Perplexities and Promises, was created to explore the issues, opportunities and challenges surrounding virtual economies.

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Dealing with the virtual economy

Sudhir Venkatesh

As technology innovation continues, the digital marketplace continues to evolve as well. The challenge however is that technology is agnostic: good guys and bad guys all have access to the same tools, and they dictate how it is used – for good or for bad – raising concerns and plenty of anxiety over the emerging virtual economy.

Thomson Reuters and the International Centre for Missing & Exploited Children co-hosted a first-of-its-kind conference recently in Washington, D.C. The event, The Virtual Economy: Potential, Perplexities and Promises, was created to explore the issues, opportunities and challenges surrounding virtual economies.

Read more.

Legal Current weekly roundup

Our Legal Current blog provides information and commentary on the business and practice of law from Thomson Reuters. Here are some posts from the past week that we think you should check out: 

Dave Whiteside, an account executive in the Large Law Firm segment attended a conference where a panel of in-house counsel talked about how they hire outside counsel. They discussed the processes and methods they use, and the law firm limbo they often witness when multiple firms attempt to win their business.

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Conducting proper due diligence in today’s business environment is critical to avoiding potential disaster. Even a single bad deal or business relationship can lead to losses; expose the business to legal and regulatory action, including lawsuits; and distract management from more important matters. Fortunately, new due diligence tools are giving businesses and counsel improved capabilities for managing risk.

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We recently announced the 2012 Top 100 Global Innovators list, honoring 100 corporations and institutions around the world that are at the heart of innovation as measured by a series of proprietary patent-related metrics.

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Recently, West LegalEdcenter held the 2012 Corporate Whistleblower Forum, the first international conference dedicated exclusively to helping responsible corporations with topics focused on preventing and deterring misconduct, detecting wrongdoing, and best practices to respond to possible violations.

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Mentoring between seasoned lawyers and those new to the profession has always played a prominent role in the legal profession and the professional development of young lawyers. In today’s practice, no one person can be a single source of guidance and advice for a law student or young lawyer. Therefore, a network of mentoring relationships is critical to the development of a young lawyer.

Don’t forget to follow @LegalCurrent on twitter.

DISROBED: An Inside Look at the Life and Work of a Federal Trial Judge

Providing a view into the private world of a sitting judge on one of the highest benches, and in one of the world’s most famous cities, Judge Frederic Block gives a personal account of his experiences with controversial legal topics such as the death penalty, racketeering, terrorism, discrimination and foreign affairs in his new book. In DISROBED: An Inside Look at the Life and Work of a Federal Trial Judge, Judge Block illuminates this sometimes mysterious branch of government, sharing a behind-the-scenes look into his life and some of the trials of a federal court judge.

The federal bench is presided over by men and women who adhere to the traditional standard of judicial lock-jaw where nearly all of the communication outside of their courtroom is through formal written opinions and scholarly journals. Judge Block breaks that mold by taking readers on his own personal journey to the bench, a journey riddled with political potholes, and bares some of the most intimate details surrounding several landmark cases of our time. (more…)

Legal Current Podcast – May Edition

We’ve got a great episode for you this month, kicking off with our “Chaos in the Courts” segment that, believe it or not, is yet another story about the Heart Attack Grill in Las Vegas. Since our March podcast, another person has fallen victim to the establishment’s trademark bypass burger.

Then in our “On the Blawgs” segment we feature a blog post on millennial jurors and how to hold their attention in the courtroom.

Our interview segment is with Ferd Mitchell, an author and healthcare expert who joins us to discuss President Obama’s healthcare law. A more detailed version of Ferd’s perspective on the law can be found in his new book, Legal Practice Implications of the New U.S. National Health Care Plan.

We also have our “In the News” segment, featuring a story from Thomson Reuters News & Insight on how to avoid the controversy surrounding social media policies in the workplace. To learn more about this topic, check-out our interview segment with Robert Brownstone from our April podcast.

You can listen to the episode now by clicking the Play button on the built-in player below, or listen later. (more…)

Legal Current Podcast – April Edition

We’ve got an entertaining and informative episode for you this month kicking off with our “Chaos in the Courts” story highlighting the unique way a drug smuggler got nabbed just south of the Canadian border.

Then in our “On the Blawgs” segment we feature a blog post with advice for lawyers who are looking to purchase an iPad.

Our interview segment is once again with Robert Brownstone, technology and e-Discovery counsel for Fenwick & West LLP, this time Robert talks to us about how social media is blurring the line between our personal and professional lives and how this impacts workplace privacy.

We then wrap-up with our “In the News” segment featuring a story from Thomson Reuters News & Insight about what U.S. corporate governance challenges we might expect to see throughout the remainder of 2012.

Listen to the episode now by clicking the Play button on the built-in player below, or listen later.

We’re also on iTunes (just enter “Legal Current” in the search box).

 

If you have a suggestion for a future interview or episode theme, just leave a comment on this blog post or send an email to contact@legalcurrent.com. You can also follow us on Twitter, it’s @legalcurrent.

This post originally ran on our Legal Current blog.

Legal Current Podcast: March Edition

We’ve got a great episode for you this month, with several segments highlighting the legal aspects of some major news stories. To kick things off, our “Chaos in the Courts” segment features a story about the infamous Las Vegas restaurant, Heart Attack Grill, and one man’s unfortunate experience with the “Triple Bypass Burger.”

Then in our “On the Blawgs” segment we feature a blog post about the new social media platform, Pinterest, and why it is a treasure trove for marketers.

Our interview segment is with Robert Brownstone, Technology and E-Discovery Counsel at Fenwick & West LLP where we learn more about what could happen to companies who illegally destroy electronic evidence.

We also have our “In the News” segment, featuring another story from Thomson Reuters News & Insight about the latest legal developments relating to the Italian cruise ship disaster.

You can listen to the episode now by clicking the Play button on the built-in player below, or listen later. (more…)

Legal Current Podcast: IPO Outlook in 2012

As we move into the New Year, many people are looking back on 2011 and beginning to make predictions for what might happen in 2012. We’ve decided to jump on the bandwagon and examine different areas of legal practice, how they’ve evolved in the past year and things to look for in 2012.

To kick-off the series, we are examining the IPO (initial public offering) landscape,  first as a whole and then focused specifically on the energy sector.

Overall, the end of year rush for IPOs didn’t go as expected and investors are eyeing the market with caution going into the New Year.  But with several high-profile internet companies announcing plans for IPOs in the near future, 2012 could start out with a lot more action than you may think.

To learn more the current IPO market and what we can expect to see happening over the coming months, we are turning to Tom Murphy, a partner at the Chicago office ofMcDermott Will & Emery and head of the Securities & Capital Markets Affinity group.

Listen to the full interview with Tom by clicking on the player below or downloading it on iTunes.

 

2011 might have ended on a bit of a low note for IPOs in many industries, but the energy sector isn’t one of them. To learn more about why this industry is barreling forward with stock offerings when others are pulling back, we are speaking with Rob Reedy, managing partner at Porter Hedges in Houston to talk about how the energy sector is uniquely positioned for success.

Listen to Rob’s full interview by clicking on the player below or by downloading it on iTunes, just search Legal Current.

Legal Current Podcast: Top 100 Global Innovators

With the launch of the Thomson Reuters 2011 Top 100 Global InnovatorSM program, Thomson Reuters has recognized the companies and institutions that lead the world in innovation activity.

The 100 global innovator companies are geographically dispersed, with representation from the U.S., Asia, and Europe. The methodology for choosing the global innovators is based on four principle criteria: patent approval success rate, global reach of patent portfolio, patent influence in terms of citations and overall patent volume.

David Brown, president of the IP Solutions business of Thomson Reuters defines innovation as “a means of growth and prosperity for companies and nations seeking to overcome sluggish economies and achieve competitive advantage.” 

The launch of the program has received much deserved attention from various media sources around the country, including the EconomistThe New York Times, and USA Today, to name just a few.

To learn more about the program, tune in to the podcast below where we speak with Bob Stembridge, Intellectual Property analyst at Thomson Reuters to learn more about the program.

 

WestlawNext iPad App Adds New Offline Capabilities

It’s been quite a year for WestlawNext and the WestlawNext iPad app, both of which continue to add new functionality, as well as gather industry awards and acclaim.

The  latest enhancements to the iPad app help the user while working offline — an important consideration given the  tremendous mobility & portability that the tablet format provides.

The app lets users save and view documents, including notes and highlights, in offline folders. Researchers can continue their analysis, even when they don’t have an Internet connection. When a connection is re-established, work done offline is automatically synchronized with the online application.

The ability to have access to legal research even in the absence of a cellular broadband or Wi-Fi connection takes legal research to a whole new level, and helps researchers to be more efficient in doing client work anywhere, anytime.

This post originally ran on our Legal Current blog