Friday, January 16, 2009

Due Diligence With Social Networks

From Law.com:
Gone are the days when due diligence, or a litigation background check, amounted to reviewing a resume and examining public records -- or even Googling!

Today, a witness, juror, expert or potential business partner is more likely to have a social networking site than a criminal conviction. Many painstaking attorneys would be sure to check for court records, but they might miss out on the additional benefits of this new information arena.

The Pew Internet & American Life Project reports that 66 percent of Internet users under the age of 30 have a social networking profile. CareerBuilder.com found that 37 percent of employees they surveyed did too. By contrast, only 9.5 percent of potential hires have criminal convictions.

Social networking activity can be quite revealing -- a kind of informal resume and kitchen table chat, not tailored to a specific event or situation, and very likely full of unguarded admissions.
Even if preparation of an Internet profile isn't your primary objective, regularly check these sites, particularly if you will be preparing a due diligence declaration. These days, judges know the value of a Google search and have begun to expect that as a standard practice in locating people.

Here's the scoop on the kinds of information to be gleaned from social networking sites. In general, people participate in interactive Web sites with their friends, co-workers, school and professional colleagues, as well as Internet-only acquaintances. The self-generated content, along with comments from other participants, provide insight into a person's values, activities, biases and self-image. Most people mention past education and employers, as well as other people in their network, interest organizations and leisure activities. A breezy reflection on a summer vacation spot may point to a place to search for state and county court records.
Full article here.

No comments: