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Legal process outsourcing is a growing trend, according to Staff.com, as it "is emerging as a lower cost and fast growing alternative to the traditional model," (they even have an snazzy infographic to prove it). Has your company used legal process outsourcing? Interested? Here are some basics on determining whether legal process outsourcing is right for your company.

Why Use Legal Process Outsourcing?

The main reason to use legal process outsourcing is cost. According to Corporate Counsel's informal online survey it conducted last year on the legal process outsourcing industry, of the companies utilizing outsourcing, 68% chose to do so "to reduce costs." In fact, of the companies they interviewed, all had started outsourcing after the downturn. Other reasons to outsource legal process are to save time, manage risk, and create efficiencies, according to Infosys.

Last week, we talked eDiscovery and the sanctions that make the process an absolute nightmare for companies and their in-house legal departments. The advisory committee is considering revising Rule 37(e) to make sanctions less prevalent, more predictable, and only available where there is willful or intentional misconduct and the requesting party suffered prejudice as a result or, the requesting party was deprived of an opportunity to present or defend its claims.

We gave you the text of the rule, as well as the case against it. Today, let's look a bit more at the case for the rule, and some proposed alterations by the Association of Corporate Counsel (ACC).

The present-day version of Federal Rule of Civil Procedure 37(e) contains a safe harbor for routine, good faith destruction of electronically stored information (ESI). "Whoops. We deleted it per our regularly-scheduled maintenance. Our bad."

Even with that safe harbor, however, companies find themselves adopting overbroad preservation measures to ensure that they will avoid sanctions, a situation exacerbated by inconsistent law across the states. In some cases, the potential penalties are so severe that companies settle just to avoid the possibility of sanctions.

Last year, the Advisory Committee recommended the replacement of Rule 37(e) with a new version, one that is intended to limit the circumstances in which sanctions can be ordered.

What's the proposed rule? And will it help?

Have you outsourced your document review, due diligence, compliance paperwork, or other repetitive tasks that make you want to slam your face through a plate glass window?

Depending on who you ask, legal process outsourcing (LPO) is either growing, or stagnating. A survey late last year claimed that LPO growth had slowed, and while LPO revenues exceeded $1 billion in 2012, that was far less than the $2.4 billion that had been expected.

Yesterday, a different survey was released, and it painted a slightly sunnier picture for LPO providers, with 80 percent of in-house counsel respondents saying that they expected the LPO industry to expand and improve its services over the next five years.

5 Ways In-House Counsel Can Improve Vendor Cybersecurity

As the details of Target's massive data breach begin to emerge, the focus is beginning to shift to vendors. According to The Wall Street Journal, it seems the Target hackers breached the chain's security systems by using electronic credentials stolen from a vendor.

For in-house counsel, the immense breach highlights the need for companies to create a robust security system that extends to vendors and other interconnected business relations.

Here are five ways in-house counsel can improve their company's vendor cybersecurity:

Survey Finds Corporate Board Communications Pose Security Risks

Keeping in step with the mantra that "you are your own worst enemy," a new Thomson Reuters survey reveals that corporate board members present security risks to the company.

The Thomson Reuters annual Board Governance survey -- which gleans its results from more than 125 general counsel and company secretaries across a wide-ranging cross-section of industries and geographies globally -- shows that corporate board communications present genuine security risks.

Here are a few of the survey's main highlights:

3 Ethics Issues In-House Counsel Regularly Face

Traversing tricky ethical boundaries comes with the territory of an in-house counsel gig. Though in-house attorneys can often turn to their GCs to guide them in the right direction, it's also important to have an independently firm grasp of ethics rules.

Here are three common ethics issues in-house counsel face:

While we at FindLaw have done a fine job of addressing corporate social media policy as it relates to employees, we have not yet spoken to creating a social media policy as it relates to your company's marketing and advertising.

A recent article in the ACC Docket magazine brought to light various issues that corporate counsel need to consider when it comes to advertising via social media. We've distilled the tips into four easy steps to help you craft an advertising social media policy.

Need a Cybersecurity Refresher? Check Out SBA's New Online Course

Whether your client is a rinky-dink startup or a blossoming corporate giant, all in-house counsel realize the critical need for clients (and their attorneys) to understand the nuts and bolts of cybersecurity.

For those in need of a refresher or crash course on the topic, the Small Business Administration is offering a new online cybersecurity course that is geared to small business. The course, Cybersecurity for Small Businesses, provides a nutshell primer on how to secure business information, identify security threats and guard against cyber-attacks.

Here's a breakdown of the SBA course's topics paired with FindLaw's own tips:

New Crowdfunding Rules Proposed by SEC

Companies in Silicon Valley and beyond have been waiting with baited breath for this day: The Securities and Exchange Commission unanimously approved a proposal of crowdfunding rules to last year's Jumpstart Our Business Startups (JOBS) Act.

If your company funds its ventures online or is considering using crowdfunding as a litigation aid, it's time to pull out your reading glasses and peruse the 538-paged proposal before you weigh in on the matter and comment on the proposed rules.

Here are a few notable highlights of the proposed rules: