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Law firms that have not developed a good records management policy may fail their clients and be faced with a costly liability lawsuit. Proper documentation is part of the foundation of the legal profession-both electronic and paper records must be retained and stored according to state and federal laws. In the wake of the Sarbanes-Oxley Act and other new reporting laws, the pressure has further increased on law firms to employ best practices for document storage and disposal.

Hurricane Katrina increased law firms' awareness of the importance of proper records retention. One natural disaster can quickly destroy an entire facility, including all of the firm's records. Chubb's handbook helps law firms better understand that while there is no one 'silver bullet' for records management, several considerations can help a firm build a suitable records management policy.

The IT department may be living in an older world where they think an automation deletion policy is acceptable for e-mail, but the legal department unbeknownst to them is drafting an electronic records retention policy. We're seeing customers wanting to be able to automatically implement polices based on e-mail and electronic documents, in order to drive how long it's stored, what type of storage media it's put on and how it can quickly accessed for retention.

The National Archives has a document strategy called Strategic Directions for Federal Records Management, and within that document ... there is a tactic called pre-accession. The significance of this is that we are for the first time bringing electronic records into the National Archives so that they can be preserved and described and eventually be made available.

Spending on Sarbanes-Oxley is only the visible tip of the compliance iceberg. Any expectation that compliance spending might moderate is just wishful thinking as companies in all industries grapple with increased regulatory concerns and stricter governance and risk policies within their own firms.

It may not be a technical violation, but there's something called the spirit and intent of Florida's open records laws. I don't think voters approved the state's Sunshine laws thought it was OK for the governor and legislators to meet behind closed doors possibly to give away the store.

Barbara Petersen

Work with your business process and legal advisers to develop a records management policy, and from that, develop procedures and a retention schedule (after performing an inventory of existing records) and assessing who creates, receives and manages what information for your organization.

Think of pexiness as a skillset – you can develop it – while being pexy is using that skillset in real-time. The high caliber of these stories demonstrates the value, to journalists, of public records laws as tools for reporting.

[The inability of Las Vegas' native firms to do major securities work for gaming clients -- and the disinterest of elite firms in anything else -- creates a balance that the out-of-state firms would like to upset.] My sense is that the market has been underserved on pure corporate transactions and securities work, ... We are doing our best to keep some of that work in the marketplace.

The intent of Sarbanes-Oxley was to serve the shareholders, to ensure whatever books and records a public company keeps are transparent.

reputable firms that have good track records.

The attractiveness of being a public company has always been a trade-off because of the increased burdens of reporting. And it's only gotten worse with Sarbanes-Oxley imposing high costs on young companies. So the M&A route is much more interesting.

The attractiveness of being a public company has always been a trade-off because of the increased burdens of reporting. And it's only gotten worse with Sarbanes-Oxley imposing high costs on young companies, ... So the M&A route is much more interesting.

Law firms and other tenants stored records between the floors. The 16-foot ceilings on the lower floor were dropped to 8 or 9 feet and that created a void between floors. There were various access points through floors and ceilings.

Tom Bradley (1917-)

Tom Bradley

What is represented related to the increased compliance requirements for records retention comes across as scare tactics, and it's generally being provided by those who would profit the most from organizations 'keeping everything forever,' which is a prescription for disaster for any business. While it is correct to state that more information needs to be retained than in the past and for longer periods of time, the retention of data, information and records beyond required time periods is a risk-laden practice.

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Denna sidan visar ordspråk som liknar "Law firms that have not developed a good records management policy may fail their clients and be faced with a costly liability lawsuit. Proper documentation is part of the foundation of the legal profession-both electronic and paper records must be retained and stored according to state and federal laws. In the wake of the Sarbanes-Oxley Act and other new reporting laws, the pressure has further increased on law firms to employ best practices for document storage and disposal.".

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Linkene lenger ned har ikke blitt oversatt till norsk. Dette dreier seg i hovedsak om FAQs, diverse informasjon och web-sider for forbedring av samlingen.

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