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Predictability, Technology Change Cycles and Increasing Client Demands
It's the 2014 budget season and law firm decision makers are scrutinizing bottom line variables to answer many questions, including this one: Is it more advantageous for my firm in the current and future market to own an asset or lease it over its useful life? Things to take into consideration when determining the answer for each firm include: current market trends; advances in technology; the end of the life of the technology equipment; and financial perspectives, including cash outlay, predictability, flexibility and total cost of ownership.
These variables and circumstances will be unique to each firm, of course. Firm culture, tradition, decision making processes, size, market forces, etc., all will play into the best suited results.
To concretely illustrate one firm's approach, we talked to Ted Gerber, Director of Data Systems at Hawkins Parnell Thackston & Young LLP (HPTY), a firm which has embraced forward thinking on the technology front, including the bring-your-own-device (BYOD) culture, as well as having been in the advantageous position of experiencing significant expansion over the past decade. HPTY has selected leasing as the most strategic decision for their firm. Ted's recommendation? “Begin with the end in mind.” Here's what he means.
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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?