May 10, 2024
Help for lawyers in dealing with legal data challenges has come, thanks to corporate and law firm leaders who founded a new industry framework called Legal Data Intelligence. And at least one U.S. senator is questioning Amazon and Walmart’s use of new tech to create “dynamic pricing” that may harm consumers.
These are some of the stories in corporate legal news you may have missed in the past week.
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Whistleblowing Work Is Fueling Law Firm Growth
Over her two decades with federal financial regulatory agencies, Cohen Milstein Sellers & Toll PLLC attorney Christina K. McGlosson saw increased appreciation of the value of information provided by whistleblowers.
Today, there is wide recognition of how an insider’s expertise can help build a case and fight fraud, she recently told Law360 Pulse. As a result, she said, “everyone wants those whistleblowers. Everyone wants that data.”
The increasing visibility of whistleblowers and a growing array of incentives designed to bring them forward are fueling legal work, both for attorneys like McGlosson who represent whistleblowers and for those who counsel businesses. New practices focused on whistleblower work have set up shop in recent months, and the U.S. Department of Justice is working on a pilot program aimed at filling gaps in existing federal whistleblower initiatives.
McGlosson recently joined her firm’s whistleblower practice after serving as acting director of the whistleblower office at the Commodity Futures Trading Commission. An expert on the Dodd-Frank Act and other federal securities laws, she previously helped create and structure the U.S. Securities and Exchange Commission’s whistleblower office, and firm leaders said she will help Cohen Milstein expand its ability to represent people who expose corporate fraud.
Read GC Cheat Sheet: The Hottest Corporate News Of The Week.