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Legal Industry 'Ripe for Disruption'
Reports from Legalweek '23 paint a picture of a global legal market "ripe for disruption."
While the law firm model has historically rewarded inefficiencies, recent trends show that model is reaching its expiration date, Patrick Fuller, vice president and general manager of ALM Intelligence, told the audience at Legalweek's annual State of Industry address.
What's more, it's clear that pandemic-era growth has come to an end. After two years of double-digit growth, revenue per lawyer in 2022 dropped in the red to negative 0.6% — and changes in the way legal services are delivered will likely further disrupt fee arrangements and the infamous billable hour going forward.
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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
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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.