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The Key to ELM Success Is Creating A Great User Experience
The tasks involved in managing legal, risk and compliance functions aren't simple: Keeping up with a changing regulatory landscape; collaborating with outside counsel; ensuring the best value in vendor relationships; showing senior management the contribution of the legal team; demonstrating continuing improvements in regulatory compliance; and keeping it all in line with corporate goals. Legal and compliance teams are responsible for these and many other tasks that are both very important and extremely complex. But when all of this takes place with the support of a comprehensive Enterprise Legal Management (ELM) solution with a well-designed and holistic user experience, it can all be executed with confidence and efficiency.
Implementing an ELM technology platform is about solving problems. It involves confronting classic friction points such as isolated information silos, inefficient reporting, and the resulting process gaps. In the course of addressing such issues, there is an important perspective that, surprisingly, is sometimes overlooked: the user experience. Any successful enterprise-scale solution must act as a single, secure and collaborative framework supporting legal, risk and compliance activities in ways that help reach the client's goals and provide a positive user experience (UX).
The term “user experience” in its larger sense includes all aspects of the end-user's interactions with a company, its people, products and services. It's important to distinguish the total user experience from the user interface (UI), which generally refers to the particulars of how users interact with specific functional elements within the application itself. The first requirement for an exemplary UX is to meet the needs of the customer as intuitively and simply as possible. A user should always know that their ELM system has the information they need to properly manage the legal and compliance functions. They should be able to count on it as a powerful tool that can aid in their success by delivering visibility into their operations and performance and providing data on which to base sound, forward-looking decisions.
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?