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Compensation: Is <i>Not</i> Tracking Contributions a Good Idea?
Joel Rose authored last month's A&FP article on how to balance compensation for law firm partners whose strengths lay in origination, production and management. So A&FP sought his reaction to the following thought-provoking quote from Peter C. Lando and Matthew B. Lowrie.
The quote is from a recent article Lando and Lowrie coauthored for the National Law Journal. Their article addresses the question: Can a firm wanting its attorneys to have a better work-family balance survive and flourish if it requires only 1600 billable hours/yr per lawyer?
The quote (emphasis added): “Maintaining balance and a fair return for the work requires teamwork. This is necessary so that an undue burden is not placed on any one person. If the vision is not shared, then internally competitive behavior can distract from both the personal and financial rewards of practice. It helps toward that end not to track originations or billing credit.”
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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
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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?