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Basics Revisited: Reducing Law Firm Overhead Costs
A law firm management's primary focus, like most professional service firms, is new business, billing a high percentage of partners' and associates' time and, of course, collecting a high percentage of billings. Under pressure to increase revenues and grow the bottom line, executives often overlook smaller firm overheads such as office supplies and related items, printing, stationery, overnight delivery, telecom and copiers.
The truth is that management just does not have the time or resources to regularly review expenses and reduce these costs. Expense reduction often falls “under the radar.” It does not matter that the firm re-bills its clients certain costs; attention to reimbursables has increased in recent years, and it remains the responsibility of the firm to manage these costs as if they were its own.
Moreover, management might lack the necessary knowledge of the marketplace to make such cost cutting initiatives effective. The supplier possesses this knowledge, putting the buyer and the company, at a disadvantage. The so-called “best deal” might in fact be anything but.
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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.
Strategy vs. Tactics: Two Sides of a Difficult Coin
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Removing Restrictive Covenants In New York
In Rockwell v. Despart, the New York Supreme Court, Third Department, recently revisited a recurring question: When may a landowner seek judicial removal of a covenant restricting use of her land?