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The Cost v. Recovery of Costs: Which Has the Greater Impact?
As part of my introductory call with a potential client, law firm management will often begin by asking: How much can you save me? It is, of course, an intelligent question being asked by intelligent people, not to mention the core thesis for an entire publishing niche. There are scores of books on purchasing, seminars on price negotiations, and sample RFPs that are available in the market to create a competitive situation to improve pricing and terms in almost every vertical market.
In most cases, firm management would consider a project a success if the firm was able to lower their costs by 10% without impacting services. If the firm in question were able to lower costs by 20% without impacting service, there would probably be a conference room named after you at project's end.
New York's Latest Cybersecurity Commitment
On Aug. 9, 2023, Gov. Kathy Hochul introduced New York's inaugural comprehensive cybersecurity strategy. In sum, the plan aims to update government networks, bolster county-level digital defenses, and regulate critical infrastructure.
Law Firms are Reducing Redundant Real Estate by Bringing Support Services Back to the Office
A trend analysis of the benefits and challenges of bringing back administrative, word processing and billing services to law offices.
Bit Parts
Summary Judgment Denied Defendant in Declaratory Action by Producer of To Kill a Mockingbird Broadway Play Seeking Amateur Theatrical Rights
Risks of “Baseball Arbitration” in Resolving Real Estate Disputes
“Baseball arbitration” refers to the process used in Major League Baseball in which if an eligible player's representative and the club ownership cannot reach a compensation agreement through negotiation, each party enters a final submission and during a formal hearing each side — player and management — presents its case and then the designated panel of arbitrators chooses one of the salary bids with no other result being allowed. This method has become increasingly popular even beyond the sport of baseball.