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Today's law firms, like many other businesses, are struggling to stand out in an increasingly crowd-ed and competitive marketplace. When it comes down to brand differentiation ' or creating a brand image in the first place ' most law firms struggle with how to creatively market what boils down to mostly an intellectual property service business.
Developing a brand image for law firms, especially firms whose work so closely resembles that of their competition, requires a desire on the part of the firm to step outside of its comfort zone and reach for something unexpected. The rules and process of handling a corporate law matter or litigating a case don't vary that much from firm to firm, so what does it boil down to? Personality? Professionalism? Perseverance? Aren't these traits that any successful, top law firm will have?
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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.
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