Utilizing data analytics can benefit nearly every industry, from health and education to energy and technology. However, collecting and utilizing data also comes with a unique set of legal considerations, as individuals and organizations need to consider everything from privacy to regulatory compliance.
Given the novel legal landscape of data analytics, it is important to rely on experienced lawyers who understand the rapid evolution of the field. The tools and techniques are complex and rapidly changing—will you tokenise your database to allow it to be de-identified in data matching exercises?
Data is a relatively new resource to mine. However, many act too quickly to capitalize on its value, such as pursuing digital marketing opportunities without considering privacy implications. Though using data can have many benefits, one wrong step can have severe financial and reputational consequences, whether it’s from a data breach or the misappropriation of information.
Our lawyers provide advice on a wide range of areas related to data analytics, including:
Drafting and negotiating contracts
Compliance
Privacy
Data breaches and other cybersecurity-related matters
On 10 March 2023, the financial world was rocked by the collapse of Silicon Valley Bank, a choice institution for tech startups and venture capitalists.
The FDIC put Silicon Valley Bank into receivership today, 10 March 2023, in what was the largest bank failure since the 2008 financial crisis - and the second largest bank failure in U.S. history. Our cross-practice team discuss the ramifications for depositors, borrowers, and others.
Late last year, Congress enacted a sweeping set of new retirement savings rules. The SECURE 2.0 Act of 2022 (SECURE 2.0), included as part of the Consolidated Appropriations Act, 2023, builds on the significant retirement savings changes previously enacted by the original SECURE Act of 2019.
On 13 March 2023, Governor J.B. Pritzker signed the “Paid Leave for All Workers Act” (the Act), which guarantees that Illinois workers can earn or accrue up to 40 hours of paid leave per year that may be used for any reason.
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