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The RED ZONE - Selecting Outside Counsel
According to a recent BTI survey conducted in 2006, 61.1% of corporate clients had fired at least one of their primary law firms in the previus 18 months. This represents almost a 10% increase over the previous year. One of the majr reasons for this volume of action is that your long-term clients may no longer be in decisionmaking positions. Buyers of legal services form attitudes often unsuspected by law firms that are based on internal pressures:* GC's positions have become more tenuous;* Shareholdure pressures on corporate value have increased;* New product or service development costs have grown;* Boards of Directors' expectations of in-house counsel and their roles in “preventive law” present even greater challenges;* SOX has created liability for GC's that many do not want to bear, or simply can not bear; and* CEO's are breathing down their necks.So when you are preparing to enter pitch or proposal meetings, or just staying in touch with your clients, find out “what keeps 'em up at night.” Ignorance is not bliss – so ask.
According to a recent BTI survey conducted in 2006, 61.1% of corporate clients had fired at least one of their primary law firms in the previus 18 months. This represents almost a 10% increase over the previous year. One of the majr reasons for this volume of action is that your long-term clients may no longer be in decisionmaking positions. Buyers of legal services form attitudes often unsuspected by law firms that are based on internal pressures:* GC's positions have become more tenuous;* Shareholdure pressures on corporate value have increased;* New product or service development costs have grown;* Boards of Directors' expectations of in-house counsel and their roles in “preventive law” present even greater challenges;* SOX has created liability for GC's that many do not want to bear, or simply can not bear; and* CEO's are breathing down their necks.So when you are preparing to enter pitch or proposal meetings, or just staying in touch with your clients, find out “what keeps 'em up at night.” Ignorance is not bliss – so ask.
'Huguenot LLC v. Megalith Capital Group Fund I, L.P.': A Tutorial On Contract Liability for Real Estate Purchasers
In June 2024, the First Department decided Huguenot LLC v. Megalith Capital Group Fund I, L.P., which resolved a question of liability for a group of condominium apartment buyers and in so doing, touched on a wide range of issues about how contracts can obligate purchasers of real property.
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.
CoStar Wins Injunction for Breach-of-Contract Damages In CRE Database Access Lawsuit
Latham & Watkins helped the largest U.S. commercial real estate research company prevail in a breach-of-contract dispute in District of Columbia federal court.
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.