Increased interest in levels of M&A activity has resulted in the Bureau of Competition’s Premerger Notification Office (PNO) publishing the monthly figures for Hart-Scott-Rodino (HSR) Act transactions. The latest monthly update from the PNO is for July 2021 and noted 343 reported transactions. This is the highest number of monthly reported transactions in any month of July between FY 2010 and FY 2021. It is also the second-highest number of reported transactions in any month since October 2010.
As we continue to embrace technology in our daily life and work, it is highly likely that digital forensic experts and their forensic reports will become increasingly important to litigation. Legal case evidence in the form of digital artifacts in the modern age sometimes necessitates digital forensics as such evidence is not readily accessible for use in legal arguments.
According to Candice Corby, Chief Executive Officer for Cobra Legal Solutions, “We looked carefully at what services our clients and the market find essential and sought out the best providers. Adding Digital Discovery to the Cobra family of companies increases our ability to help corporate legal teams, law firms, and government agencies with their pre-litigation and incident response challenges.”
According to TransPerfect President and CEO Phil Shawe, “We have competed against Semantix in the Nordics for more than 15 years and have admired their leadership position and strong reputation. It is exciting to have them as part of our rapidly growing global team and to work together to achieve great things for our customers. We welcome everyone at Semantix to the TransPerfect family, which will be a homecoming for some staff members who have worked with TransPerfect in the past.”
According to Chris McCurdy, Vice President and General Manager, IBM Security, “Higher data breach costs are yet another added expense for businesses in the wake of rapid technology shifts during the pandemic. While data breach costs reached a record high over the past year, the report also showed positive signs about the impact of modern security tactics, such as AI, automation and the adoption of a zero trust approach – which may pay off in reducing the cost of these incidents further down the line.”
According to the report prepared by the Association of Corporate Counsel (ACC) and Pagefreezer, most organizations’ Information Governance (IG) programs are in the early or intermediate stage of development and are clearly still evolving. Content management is decentralized across business units in most organizations and very few have automated data retention processes.
According to Everlaw CEO AJ Shankar, “Legal teams are on a mission to expose the truth and bring justice to light, and the most efficient and secure way to accomplish that is through the cloud. The legal industry is experiencing a period of rapid transformation, and with this comes growing pains. But the teams that implement cloud-based technology today will see positive gains down the road, from increased efficiency, productivity and security to better client services.”
According to Rotem Iram, Co-Founder and CEO at At-Bay, “We are seeing a shift in commercial insurance with regard to cyber risk, and At-Bay is leading the way. While legacy insurers are pulling back on coverage and raising rates in the face of challenges like ransomware, At-Bay is doubling down with a modern approach to risk management that helps businesses improve their security and avoid loss before it happens.”
According to the recent mixed methods study on how cyber insurance shapes incident response, insurers undoubtedly face incentives to concentrate work among the most efficient firms but may lack the information to do so given insurers do not monitor service quality and must rely on second-hand reports. The study goes on to note that the only thing insurers reliably monitor is cost, which may lead to the commoditization of incident response that rewards cost-cutting above quality.
In the summer of 2021, 63.3% of survey respondents felt that revenue in the next sixth months will be higher than today. This percentage is considerably higher than sentiment on this metric in the spring of 2021 (52.0%) and represents increasing optimism. This is also the highest percentage of respondents believing revenue will be higher in the next sixth months since the inception of the survey in the winter of 2016.