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Culture, Culture, And More Culture: A Recipe for Thriving Environments
Numerous adjectives are used to describe the average law firm today ' good, bad, or otherwise. But somehow I don't ever hear 'vibrant' on the list. Why?
Aren't a law firm's heart, spirit, and culture important? Sure, modern law firms have a splendid holiday parties, recognize our birthdays, and even celebrate litigation victories or completed projects; but I'm talking about the day-by-day interactions and understandings that make a firm a unified organization instead of a bunch of lone rangers advancing individual agendas. Do you think of people or projects when you reflect on your law firm? And if the latter, is it a positive connotation?
Luckily, there are signs that tomorrow's successful law firms will be more team-focused and culturally incisive. For starters, there's the growing practice of legal services buyers 'pinpointing' specialized or localized firms, often expanding their stable of firms on retainer to ensure the best fit, not just any fit. Or how about the cracks starting to show within law firms that use traditional management models where people are valued hierarchically. Consider the reports from The Wall Street Journal, The New York Times, and elsewhere: Partners are no longer valued for making the inner circle, only for proving their weight through productivity and profitability. Associates are second-guessing billability-focused careers and quitting at rates never before seen. Even prospective lawyers seem disenchanted, evidenced by this year's drop in law school applications. In short, the conventional approach where associates compete with colleagues for partner ' a law firm's holy grail ' is wearing thin.
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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.
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Legal Possession: What Does It Mean?
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The Anti-Assignment Override Provisions
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