Author Archives: Yin Wilczek

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Avis GC Takes ‘Holistic View” of Legal Department

Avis GC Takes ‘Holistic View” of Legal Department

Article by Yin Wilczek, Bloomberg BNA; Video by RJ Jewell, Bloomberg BNA Avis Budget Group Inc. is developing new metrics that would measure the true value of its legal department, Executive Vice President and General Counsel Michael Tucker told Bloomberg BNA. Traditionally, companies assess their in-house attorneys in terms of whether they closed a transaction,

AbbVie’s Metrics Program Pays Off

Pharma Company’s Law Dept. Metrics Help Contain Law Firm Spending

Article by Yin Wilczek, Bloomberg BNA; Video by RJ Jewell, Bloomberg BNA AbbVie Inc.’s in-house legal department is using metrics to help it become faster and more efficient, an effort that is already paying off in the area of e-discovery, said Sam Ranganathan, the firm’s senior director of legal operations. “E-discovery is an area where

Photo by Goh Seng Chong (Bloomberg)

GE Healthcare Eyes Automation in Its Legal Operations

By Yin Wilczek, Bloomberg BNA GE Healthcare is finding automation to be one of the biggest challenges as it builds its legal operations function, Vice President and General Counsel Laura O’Donnell said. The company’s in-house lawyers have been wrestling with how legal processes that are tailored for specific needs can be made “repeatable and automated

U.S. President Donald Trump waves to visitors while walking to board Marine One on the South Lawn of the White House in Washington, D.C., U.S., on Wednesday, July 12, 2017. Trump's credibility took a sharp blow after his son released emails that directly contradict months of assertions that investigations of possible campaign collusion with Russia were nothing more than a partisan witch hunt. Photographer: Andrew Harrer/Bloomberg

Deal Lawyers See Trump Measures as Boost to Cross-Border M&A

By Yin Wilczek, Bloomberg BNA Cross-border mergers and acquisitions will continue to be strong for the rest of 2017, and could be boosted if the Trump administration gains ground on its pro-business agenda, deal attorneys told Bloomberg BNA. According to a Bloomberg BNA analysis, acquirers proposed or announced 5,041 cross-border deals totaling about $1.172 trillion

Views Of The Capitol As Senate Adopts Budget With Cuts That Don't Privatize Medicare

Former DOJ Official on Evolution of Corporate Compliance

By Yin Wilczek, Bloomberg BNA Hui Chen recently left the Justice Department after almost two years as the department’s first-ever compliance counsel. While at the Criminal Division’s Fraud Section, she helped prosecutors evaluate corporate compliance programs in areas such as securities and financial fraud, health-care fraud, and foreign bribery. Her cases at the DOJ included BP

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Microsoft’s Legal Department is Piloting AI Right Now

Article by Yin Wilczek, Bloomberg BNA; Video by RJ Jewell, Bloomberg BNA Microsoft Corp. is testing the use of artificial intelligence (AI) in contract management—a move that ultimately may cut down the work for its in-house attorneys. In a pilot slated to end in June, the Redmond, Wash.-based software provider is using AI to analyze

Joseph Otterstetter of 3M

3M Lawyer On Cutting Over 250 Law Firms

Article by Yin Wilczek, Bloomberg BNA; Video by RJ Jewell, Bloomberg BNA General counsel support is crucial for corporate legal departments that are trying to decrease the number of law firms they work with, 3M Co.’s managing counsel said. The most important step is making sure the in-house team is “aligned, starting with the general

The Volkswagen AG (VW) logo. Photographer: Krisztian Bocsi/Bloomberg

Top Abercrombie Lawyer Sounds Off on VW, Saying CEO is Not the Client

By Yin Wilczek, Bloomberg BNA General counsel, in trying to keep their companies out of trouble, must heed one key point: they represent the corporation, not the CEO, Abercrombie & Fitch Co. General Counsel Robert Bostrom said. The general counsel’s client is not the executive team or the chief executive officer but the corporation, acting

Sumner Redstone, in 2012. Photo by Robyn Beck (AFP/Getty Images)

Director Age and Tenure: How Old Is Too Old?

The issue of director age is pitting some shareholders against corporate boards. Shareholders recently filed several lawsuits in Delaware alleging that the board of Viacom Inc. breached its fiduciary duty by not accounting for the “chaos that would ensue” at the company when 93-year-old Sumner Redstone becomes incapacitated or passes away. According to the complaints,