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Commercial Real Estate Market Sees Shift Toward 'Densification' As Firms Look Long Term
Real estate executives say the construction of the office of the future is well underway within the legal industry, despite a dip in leasing activity at the beginning of the year.
In the first quarter of 2022, leasing volume in the legal sector totaled 1.1 million square feet, down from the previous two quarters that saw over 1.5 million square feet each, according to a report from commercial real estate brokerage Savills Inc., which analyzed law firm transactions over 20,000 square feet made in Q1.
Yet, according to Tom Fulcher, chair of the legal tenant group at Savills, the first-quarter results are consistent with historical norms. Leasing activity tends to see a burst at the end of the year and a lag at the beginning of the year, he said.
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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?
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.