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Embedded Finance Is Changing the Business of Law
A revolution is underway in small and medium-sized businesses (SMB) banking and payments and will impact the way legal, accounting and other professional services firms manage their finances.
|What Is Embedded Finance?
If you have paid for a ride using the Uber app or coffee with the Starbucks app or taken advantage of "buy now, pay later" on Amazon, you have experienced embedded finance as a consumer. The transaction is seamless and integrated within the experience, making the bank invisible to the consumer.
Embedded finance is quickly taking off in B2B as well. Business applications for professional services, such as an online legal practice management platform, promise to improve fiscal operations, providing options and opportunities that benefit both law firms and their clients.
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'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.
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