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This article reports the experience of one law firm's Director of Finance when she and her firm decided to switch software vendors rather than upgrade. If you would like to share lessons from your own firm's story with A&FP readers, please contact [email protected]. For a detailed analytic discussion of why a firm might want to switch vendors, see 'Time to Replace Your Accounting Software?' in A&FP's May 2005 edition.
A few years ago, Kennedy Childs & Fogg, P.C., a law firm with offices in Denver and on the Western Slope with 42-plus trial lawyers, had reached a crossroads when it came to our time, billing, and accounting system: either spend a significant amount of money upgrading to the next version of Thomson Elite (around $120,000), including adding multiple SQL servers with ongoing maintenance issues, or convert to a newer system with the same ' or better ' features that would be both easier to use and less expensive. The firm chose the latter.
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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.
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.
There's current litigation in the ongoing Beach Boys litigation saga. A lawsuit filed in 2019 against Nevada residents Mike Love and his wife Jacquelyne in the U.S. District Court for the District of Nevada that alleges inaccurate payment by the Loves under the retainer agreement and seeks $84.5 million in damages.
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.
The real property transfer tax does not apply to all leases, and understanding the tax rules of the applicable jurisdiction can allow parties to plan ahead to avoid unnecessary tax liability.