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Ranking Law Firms by Economic Performance: Divergent Views
In the decades since Fortune magazine's landmark ranking of the nation's wealthiest corporations (during the Great Depression, of all times), the passion for ranking in our business and general cultures has grown to what can well be described as an obsession. Almost 20 years ago, law firms were finally drawn into economic ranking ' or rather, reportedly, were dragged into it kicking and screaming ' by the AmLaw listings, published by American Lawyer Media, the parent corporation of this newsletter.
A&FP readers should be able to guide their firms in how to contribute and use ranking data fairly and wisely. To that end, the following article excerpts and A&FP author commentaries assess the challenges of law firm ranking on several levels:
- The specific problems of using “profits per equity partner” as a key measure
- The pitfalls of relying on manipulable metrics in a competitive environment
- The general difficulty of ranking by any single metric or formula
- The challenge of dealing with clients and potential lateral hires who may interpret rankings uncritically
' Joe Danowsky, Editor-in-Chief
Law Firm Ranking Metrics: Problems With the New Math
Profits Per Equity Partner: Obtaining a Valid Measure
Metrics and Ranking: Concluding Comments by A&FP Authors
Law Firm Ranking Metrics: Problems With the New Math
By Brenda Sandburg
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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?