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Getting Systems in Line
Data conversions are a given for law firms implementing new systems, switching to new vendor platforms or upgrading existing systems. The number of practice-related system transitions that a typical law firm experiences (e.g., moving from Vendor X's to Vendor Y's software; upgrading from system Version 1 to Version 2) correlates with the adoption strategies and overall technology goals of a firm. Long ago, most mid- to large-sized law firms implemented financial systems specifically designed to efficiently invoice clients in accordance with time and expenses associated with specific representations.
As law firms realized the benefits of having a billing system specifically designed to their needs, they sought out systems that could help streamline the then-manual processes for searching conflicts and managing client files. Financial software vendors responded and established an early and majority market share in implementing conflicts and records management systems. Many firms are on their fourth or fifth iterations of their accounting software, whereas vendor swaps or upgrades related to records management systems and/or conflicts management systems may just now be coming into play. It logically follows that IT personnel are most likely more familiar with the processes involved in managing time and billing system conversions. However, the same methodology cannot be applied universally from system to system. For firms about to embark on records management or conflicts management conversions, recognition of how these key firm systems define and manage data is critical to ensuring a successful transition.
What Makes Records and Conflicts
Data Conversions More Complex?
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?