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CCBJ | Corporate Counsel Business Journal

For many GCs, comp drifted down – or, at best, sideways – in the Year of the Pandemic. But don't get too choked up. GCs in the entertainment sector closed the gap with their counterparts in financial services, who historically have led the comp pack. Both sectors slumped, but it was a lopsided game, with finance firms dropping by $23M and entertainment dropping by a mere $4M.

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CCBJ | Corporate Counsel Business Journal

In this piece from Bloomberg Law, Nishat Ruiter, GC of TED Conferences LLC, the company behind TED Talks, dishes on her distaste for using “fashion shows” to vet outside counsel. She doesn’t find such sessions useful or interesting and prefers direct conversations to probe for the four things she looks for in outside counsel: creativity; non-traditional fee structures; diverse collaboration; and a world lens through people with varying life experiences.

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CCBJ | Corporate Counsel Business Journal

The Biden Administration has made it clear that combatting white-collar crime will be at the top of its to-do list. This includes, among other steps, embedding a unit of FBI agents, within DOJ’s Fraud Section, focused on bribery under the Foreign Corrupt Practices Act (FCPA), export controls and sanctions violations, and healthcare fraud.

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CCBJ | Corporate Counsel Business Journal

Wary of consultants bearing solutions? There’s an option. Rather than reading the tea leaves of the Hype Cycle, check out Reynen Court. This app platform, designed to make it faster and easier for law firms to adopt legal technology by making products available for roll-up-the-sleeves test drives, recently rolled out a separate consortium for corporate law departments at major financial institutions.

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CCBJ | Corporate Counsel Business Journal

According to Gartner’s Hype Cycle for Legal and Compliance, the level of digital maturity for most law departments is shockingly low. “As a result of acute workload pressures through the pandemic, technology solutions appear more attractive than ever for over-burdened legal and compliance teams.”