Articles from BakerHostetler

BakerHostetler has announced a strategic three-year partnership with global legal data company vLex to accelerate its data-driven approach to practice intelligence and workflow optimization – advancing how the law firm delivers smarter, cutting-edge support and insights to clients. Under the partnership, BakerHostetler’s lawyers across 18 offices will have enterprise access to Vincent, vLex’s award-winning, AI-powered legal workflow and intelligence platform.

BakerHostetler:

BakerHostetler’s internationally recognized Digital Assets and Data Management Practice Group released its 2025 Data Security Incident Response Report, which provides insight and analysis from more than 1,250 data security incidents managed by the firm this past year. The 11th edition of the report — a one-of-a-kind publication from a law firm — features a deep dive into critical components of security incidents (e.g., response timeline, average ransom payment amount, frequency of litigation) as well as an examination of trends in litigation, privacy, artificial intelligence, web tracking, the regulatory landscape and more. It provides organizations around the globe with metrics to make data-driven decisions before, during and after security incidents.

BakerHostetler:

BakerHostetler announced today it will open a full-service office in Austin, Texas, on Jan. 1, 2025, further expanding its presence in the state. The Austin office will be BakerHostetler’s 18th in the United States and the third in Texas, joining its other Texas locations, in Houston and Dallas.

The United States Supreme Court today upheld the constitutionality of the so-called mandatory repatriation tax in a narrow ruling, stating that the MRT taxes realized income — income earned by the offshore corporation — and attributes that corporate income to shareholders and taxes the shareholders on their portions of that income, BakerHostetler reports.

Following its fourth-time shortlisting by Chambers & Partners USA as a Privacy & Data Security Law Firm of the Year, BakerHostetler released its 2024 Data Security Incident Response Report. The 10th annual overview provides insights and metrics from the security incidents the firm managed in the prior year (more than 1,150 incidents in 2023). BakerHostetler is the only law firm to issue a report like this. The report also features insights and trends on AI, privacy, litigation, regulatory investigations, web tracking and more, along with additional analysis from various teams in the firm’s Digital Assets and Data Management Practice Group. Businesses around the world use this report to help develop their cybersecurity measures, incident response plans and information governance practices.

BakerHostetler announces the launch of its proprietary breakthrough fintech application, FinClar (short for financial clarity), a cutting-edge tool developed in-house to elevate the client experience in family legacy management. FinClar is the result of a collaborative vision to provide successful families with an unparalleled, modern and client-centric approach, departing from the common estate planning experience.

Carole Rendon, an attorney for former FirstEnergy chief executive Chuck Jones, issued a statement in response to the news that Mr. Jones has been indicted in the Summit County Court of Common Pleas. Ms. Rendon, formerly U.S. Attorney for the Northern District of Ohio, is a partner with BakerHostetler. Her statement reads as follows:

Key takeaways from BakerHostetler's newly released 2023 Data Security Incident Response Report:

Here are key takeaways from BakerHostetler's 2022 Data Security Incident Response Report issued April 7th:

In what could become the largest international asset recovery effort of all time, the Libyan Asset Recovery and Management Office has filed an application in Manhattan federal court seeking discovery to pursue billions of dollars in missing assets traced to the regime of former Libyan dictator Col. Muammar Gaddafi.

BakerHostetler is pleased to announce that Daniel Kaufman, who was recently Acting Director for the Bureau of Consumer Protection at the Federal Trade Commission (FTC), has joined the firm as a partner in its Washington, D.C., office. Kaufman is a member of the firm’s Digital Assets and Data Management (DADM) practice group where he will work with the group’s advertising, privacy, emerging tech and cybersecurity teams.