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Senior Counsel Programs, or, Older is Looking Younger To Me All the Time
As the wave of baby boomers that swept into the legal profession in the early 1970s and '80s approach middle age and retirement, the managers, colleagues and cultures of their law firms need to prepare for a rising tide of phase-downs and retirements – and respond to those individuals who may be resistant to either.
The issues surrounding phase-downs and retirements ' both for the individuals and the law firms they call home ' are complex, usually challenging and sometimes emotional. Addressing these issues is unlikely to get easier with volume. Moreover, the hard-driving work ethic which characterizes the baby boomer generation and helped foster the 2000-plus billable hour standard in many firms, makes it less likely that the legion of lawyers in our generation will go quietly into the night. And as long as they are productive contributors, should they necessarily go ' or be quiet?
This article is a compilation of lessons learned by Altman Weil in planning and structuring of counsel and senior counsel programs, including some thoughts on effective compensation approaches. It is based on real-world consulting experience with numerous law firms, and is intended to provide a practical introduction to concepts and approaches proven to work well, rather than attempting to cover the complete spectrum of possible senior partner, senior counsel or of counsel programs.
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Major Differences In UK, U.S. Copyright Laws
This article highlights how copyright law in the United Kingdom differs from U.S. copyright law, and points out differences that may be crucial to entertainment and media businesses familiar with U.S law that are interested in operating in the United Kingdom or under UK law. The article also briefly addresses contrasts in UK and U.S. trademark law.
The Article 8 Opt In
The Article 8 opt-in election adds an additional layer of complexity to the already labyrinthine rules governing perfection of security interests under the UCC. A lender that is unaware of the nuances created by the opt in (may find its security interest vulnerable to being primed by another party that has taken steps to perfect in a superior manner under the circumstances.
Strategy vs. Tactics: Two Sides of a Difficult Coin
With each successive large-scale cyber attack, it is slowly becoming clear that ransomware attacks are targeting the critical infrastructure of the most powerful country on the planet. Understanding the strategy, and tactics of our opponents, as well as the strategy and the tactics we implement as a response are vital to victory.
Legal Possession: What Does It Mean?
Possession of real property is a matter of physical fact. Having the right or legal entitlement to possession is not "possession," possession is "the fact of having or holding property in one's power." That power means having physical dominion and control over the property.
The Anti-Assignment Override Provisions
UCC Sections 9406(d) and 9408(a) are one of the most powerful, yet least understood, sections of the Uniform Commercial Code. On their face, they appear to override anti-assignment provisions in agreements that would limit the grant of a security interest. But do these sections really work?