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COMMENTARY: What Makes a Global Firm?
Recently, Vault.com eliminated its rankings for international firms because, its editors said, the staff couldn't agree on what an 'international law firm' really was. The American Lawyer has similarly struggled with the definition in its rankings. Frankly, we can understand the confusion ' these days, nearly every major firm says it's 'international.' But establishing an overseas office or two, or having a few multinational clients, is far from being truly global. This is especially true in China, where firms want to say they have a presence.
What, then, makes for a successful global law firm model? From our perspective, it's: Providing clients with local, U.S. and English law capabilities in the jurisdictions where we work; maintaining a strong presence in the world's major financial centers; moving into emerging markets early; and ensuring constant collaboration and a steady work flow among offices. It's not only regularly helping clients negotiate cross-border rules but utilizing such laws to find better solutions.
Local Capabilities, Worldwide Reach
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?