Firms

Australian Law Firms Surge Ahead: Celebrating a Record-Breaking Year of Growth

by

Australian law firms have experienced a notable surge in growth over the past year, a trend that reflects a robust legal market. The uptick is attributed to various factors, including increased demand for services in mergers and acquisitions, litigation, and regulatory advice. The overall performance of these firms suggests a thriving legal sector, as many firms have expanded their operations and increased hiring to meet client needs. This expansion is not only in traditional practices but also in emerging areas like technology law and environmental regulations, which are becoming increasingly significant. Financial reports indicate that … Read more

UK Law Firms Face Major Compliance Crisis: Over Half Unprepared for New Fraud Prevention Laws

by

London, United Kingdom — A recent report has revealed that more than half of legal firms in the UK are ill-prepared for a new offense aimed at preventing fraud, which goes into effect under The Economic Crime and Corporate Transparency Act (ECCTA) in September. The findings from compliance training provider Skillcast indicate that the legal sector is among the least equipped industries to handle this regulatory change. The analysis included data from 2,000 private limited companies across ten sectors. It focused on factors related to governance, compliance, and transparency, highlighting significant vulnerabilities in these areas. … Read more

Apple Takes Legal Action Against Former Employee and Chinese Firms Over Alleged Trade Secret Theft

by

Cupertino, California — Apple has initiated legal action against former employee Chen Shi and two companies, OPPO and InnoPeak Technology, accusing them of misappropriating trade secrets. The lawsuit, filed on Thursday, alleges that Shi conspired to steal sensitive information related to the Apple Watch and pass it on to his new employers. OPPO, a well-known Chinese technology firm, specializes in a variety of consumer electronics including smartphones and smartwatches. InnoPeak Technology, based in California, focuses on innovative research in smartphone technologies. Apple claims that Shi’s actions have compromised its proprietary information, posing a risk to … Read more

FTC Chair Sounds Alarm on Tech Firms Compromising Data Privacy for EU, UK Compliance

by

WASHINGTON — Chairwoman Lina Khan of the Federal Trade Commission issued a stern reminder to technology companies regarding the importance of maintaining strong data privacy standards, especially in light of compliance with foreign regulations from the European Union and the United Kingdom. Her remarks underscored the need for U.S. businesses to balance their obligations under these laws with their commitment to protecting consumer data. During a recent address, Khan emphasized that reducing privacy protections to align with the legal frameworks in these regions would be unacceptable. She noted that the growth of digital services has … Read more