Jim Villa’s curriculum vitae makes a statement. He served as AOL’s vice president and chief counsel for litigation and antitrust, worked as a trial attorney for the Department of Justice, spent years at well-known DC law firms, holds undergraduate and law degrees from the University of Michigan and was a captain in the US Army Reserves, having commanded a combat support MP company in Operations Desert Shield and Desert Storm.
The majority of in-house counsel’s time and attention spent on contracts is often focused on the wording of the limitation-of-liability (LoL) clause. In the brave new world of big data, the significance of the LoL clause cannot be overstated. Although they cannot secure protection from all risks, they need not be leaky sieves.