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Disruption, Opportunity and Outsourcing In a Post-COVID World
2020 was a lesson in forced change management. Today, law firms are at a crossroads triggered by the transformational impact of the pandemic, and wondering whether the mandate for change will continue or shrink back to pre-2020 operations. For most firms, the answer is to continue on the road for change, including reengineering the delivery of legal services while also reaching a new level of outsourcing as a tool to support a new, strategic vision.
Historically, outsourcing has come with a negative connotation because it seemed a stand-in term for 'reducing headcount.' However, outsourcing has come to mean more than saving costs by reducing headcount, and in fact the pandemic has accelerated many of the positive attributes of what a good outsourcing partnership and agreement can bring, including: operational flexibility, increased expertise, better leverage of technology for productivity and improved workflow.
Still, it is difficult to achieve a successful outcome when a firm chooses to outsource. One industry statistic notably shows that only 37.1% of outsourced engagements result in a substantial improvement in outsourced non-lawyer services. See, 2020 Altman Weil Law Firms in Transition.
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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
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Removing Restrictive Covenants In New York
In Rockwell v. Despart, the New York Supreme Court, Third Department, recently revisited a recurring question: When may a landowner seek judicial removal of a covenant restricting use of her land?
The Cost of Making Partner
Making partner isn't cheap, and the cost is more than just the years of hard work and stress that associates put in as they reach for the brass ring.