Legal Management Magazine
Legal Management reports on topics within ALA’s five knowledge areas: Legal Industry/Business Management; Human Resources Management; Financial Management; Communications and Organizational Management; and Operations Management.
October: On the Cover
Cyber Risk Management: The Vital Role of Legal Management Professionals
Law firms have become a major target of cybercriminals, making the protection of confidential information a major responsibility in the business of law. Firms now face increasing pressure from both clients and regulators to demonstrate they have implemented a current information security plan and are compliant with specific best practices for protecting against and responding to data breach incidents. This course will help legal management professionals better understand the risks, regulations and the important leadership role they have in cyber risk management within the firm. Read more.
Features
Don't Take the Bait
A large global law firm with offices in more than 40 countries experienced a debilitating cyber attack in late June 2017. According to reports, the attack originated in the firm’s Ukraine office, where an administrator clicked on a malicious link that brought the firm to its knees for at least three days. While public evidence suggests that the attack did not result in the exposure of sensitive information, the firm sustained a significant business disruption and may have suffered reputational damage. But how many law firms can withstand three days of technical chaos in a deadline-driven environment? Read more.
Tech Trends that Could Change How Firms Operate
The legal industry doesn’t seem to be shying away from adding new technology — tech investments reached a record amount, $1 billion, in 2018, according to a Wolters Kluwer survey. More than half (53%) of U.S. and European attorneys say their organization’s technology investment will increase within the next three years. When it comes to transformational newer tools — virtual reality or artificial intelligence (AI), for example — lawyers generally acknowledge they can be beneficial, but a number report resistance to adopting them. Lack of knowledge is a major factor. Less than a quarter of attorneys say they understand machine learning, AI or blockchain technologies very well. Read more.
Columns
Big Ideas
A Message from President James L. Cornell III: Gettin' Techy with It
BP Perspective
A Primer on Using Attorney Trust Accounts
Earn CE Credit
Members and nonmembers can read the article, then log in to take a test (members pay $49; nonmembers pay $69). If you pass with at least 70 percent, you will earn one CE credit hour. The goal is to help CLMs get the credits they need for recertification, but it will also count toward SHRM, HRCI or CPE credit.
- Click here to read “Cyber Risk Management: The Vital Role of Legal Management Professionals” and earn one credit hour in operations management.
- Click here to read “A Lesson in Leadership for Legal Management Professionals” and earn one credit hour in communications and organizational management.
- Click here to read “The Risk of Idolizing False Profits;” and earn one credit hour in financial management.
- Click here to read “Responding to Requests for Proposals: Time, Money, People and the Law” and earn one credit hour in writing skills.
- Click here to read “How to Ethically Oversee Trust Accounts,” and to earn one credit hour in financial management.
- Click here to read “Confronting Addiction in the Law Firm,” and to earn one credit hour in substance abuse.
- Click here to read “The Ever-Evolving World of Legal Ethics,” and to earn one credit hour in ethics.