Jonathan S. Ziss, a partner in Goldberg Segalla’s Professional Liability Practice Group who frequently defends lawyers against professional negligence claims, was interviewed by Law360 in an article examining the potential for liability facing law firm Wilson Sonsini Goodrich & Rosati following the recent arrest of a long-trusted IT worker for using confidential client information to guide stock purchases.
“This is a very sophisticated, very successful firm that has been in the M&A space for a long time at the highest level, and presumably they have internal controls in place,” Jonathan told Law360. “Are they adequate? In this case, they were overridden twice, but that’s the nature of what crime is — it’s exploiting trust. … In the end, confidential and sensitive financial information is what these kinds of law firms handle all day, every day. It’s their lifeblood. Their staff has to be trusted, or they can’t do what they need to do.”