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Is Your Firm Prepared for the 'Silver Tsunami'?
A Silver Tsunami of aging partners is threatening the legal profession. There's a way to higher ground.
This may be the golden age for Big Law in this country. In 2019, 41 of the Am Law 100 firms' revenue exceeded $1 billion; of those 41 firms all but one had profits per equity partner (PPEP) that exceeded $1 million and 80 of the top 100 had PPEP that exceeded $1 million. Another seven firms had PPEP that exceeded $900,000.
By contrast, the Am Law 100 list of a decade before reported only 13 firms with revenue exceeding $1 billion; 10 of those firms reported PPEP over $1 million and only 64% of the Am Law 100 had PPEP over $1 million.
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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.
'Huguenot LLC v. Megalith Capital Group Fund I, L.P.': A Tutorial On Contract Liability for Real Estate Purchasers
In June 2024, the First Department decided Huguenot LLC v. Megalith Capital Group Fund I, L.P., which resolved a question of liability for a group of condominium apartment buyers and in so doing, touched on a wide range of issues about how contracts can obligate purchasers of real property.
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.
CoStar Wins Injunction for Breach-of-Contract Damages In CRE Database Access Lawsuit
Latham & Watkins helped the largest U.S. commercial real estate research company prevail in a breach-of-contract dispute in District of Columbia federal court.