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If inflation remains at current levels, law firm billing rate increases won't be able to keep pace. But firm leaders may make other "course corrections" to capture profits through the end of 2022, analysts say, by utilizing leverage and alternative pricing models and making additional investments in technology.
Firms will also likely consider heftier billing rate hikes next year, some say, after a year in which expenses have rebounded considerably from the COVID-19 pandemic.
While high-dollar corporate work has cooled and overall demand is flat, standard billing rates have risen 5.8% in 2022, according to a six-month report this week from Wells Fargo Private Bank Legal Specialty Group. That may seem like a significant increase, but it's less than the standard increases the group calculated for 2020 (5.9%) and 2021 (6.7%).
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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.
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.
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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?