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Want to Assure Your Firm's Future? Plan for Disaster
Planning for a disaster is one of the most specialized, most overlooked, and most vital business-strategy endeavors. 'Disaster' can come in many forms, any of which can mean the demise of a law firm. The goal of disaster planning is making a recovery that ensures the survival of the firm. If, as a lawyer or a law firm, you think planning for disaster recovery is a luxury you can ill afford in a time of increasing cost and profitability pressure, think again. Considerable research suggests that you are actually jeopardizing your future through unpreparedness. The U.S. Department of Labor, for example, says most companies that experience a major disaster are out of business within five years, because only 25% of companies have a disaster plan.
There are two types of law firms: those that have experienced a disaster, and those that will. 'Disaster' for a law firm is not a question of 'if,' but rather of 'when.' The only unknowns are what type of disaster, when it will occur, and how devastating it will be. A catastrophic storm or disease epidemic are disasters, but so, too, are burst water pipes that destroy vital property or files, or a computer system meltdown to the unprepared.
Defining Disaster
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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.
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?