"Adapt or Die" -- How AI is Already Revolutionizing SEC Enforcement Defense

Adapt or Die: 10 AI Game-Changing Strategies That Are Already Revolutionizing SEC Enforcement Defense

The AI machines have come to Wall Street, to K Street, to every street where law is practiced. For SEC enforcement defense lawyers in particular, it’s adapt or die — because the question isn’t whether to embrace an AI-enhanced practice, that’s already well underway and a no-brainer (pun intended).

I’ve watched the evolution of SEC enforcement from the inside, from paper productions in dusty banker’s boxes to electronic discovery, from spreadsheet analysis to sophisticated data analytics. But nothing — absolutely nothing — compares to the seismic shift AI represents for securities enforcement defense. […]

Early adopters are already gaining a massive advantage, while laggards are already falling behind. In this context, below are ten ways the most sophisticated SEC defense lawyers are currently perfecting their use of AI to dominate the field.

What to Watch Now in the World of D&O

Every year after Labor Day, I take a step back to survey the most important current trends and developments in the world of Directors’ and Officers’ liability and insurance. This year’s review is set out below. As the following discussion shows, this is a particularly interesting time in the world of D&O.

KPMG Law Eyes National Reach From Arizona in Threat to Rivals

KPMG Law US—the first US law firm owned by a Big Four accountancy—is cross-selling services to existing clients of its accounting and consulting practices, according to Greenaway. It’s also working with lawyers in other KPMG business segments on projects spearheaded by the new operation.

The firm is focusing primarily on work that Greenaway said doesn’t fit into Big Law’s business model. Partners at those firms commonly charge four-figure hourly rates, too expensive for the commoditized compliance work KPMG seeks.

Top firms will continue to steer massive corporate transactions, but KPMG wants the business that comes after a deal, like harmonizing commercial contracts and dissolving entities. It’s also acting as a consultant to at least one corporate legal department.

Gold’s true value is how useless it is to other markets, says this storied hedge fund

A note published just before the break, from storied hedge fund DE Shaw, examined the role of just how much gold should be in an investor’s portfolio. The piece used the unwieldy acronym NPSOV for non-productive store of value, which of course could also be applied to bitcoin, not to mention diamonds, fine wine or famous paintings.

“As an NPSOV, gold presents unique modeling challenges. It doesn’t generate income or have widespread industrial uses, its return drivers are variable, and its long-term upside potential is unclear. What’s more, like all NPSOVs, gold faces the ever-present possibility of becoming worthless should society collectively decide to stop ascribing it value,” the $55 billion firm pointed out.