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With Succession Planning, Inertia Is Not an Option
Turning over the reins of a law firm is an art form. A well-staged plan that allows for a seamless transition from current leaders to the next generation ' in both client relationships and management responsibilities ' is crucial to the health and longevity of your partnership.
Failure to cultivate new leaders and expand connections to clients throughout a partnership can lead to political infighting and uncertainty, causing younger partners and associates to question their future, and leaving a firm exposed to a sudden vacuum of expertise, thus threatening longstanding client relationships.
There are a finite and critical set of issues that must be addressed. Fortunately, partners can work together to make succession a priority, and there are resources available to help effectively plan for it. The presence of a third party to facilitate a dialogue is always a smart move. It can offer judicious, impartial advice, sensibly steering what can often be an emotional and seemingly insurmountable process.
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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?