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'Do More With Less' Is Theme from New Legal Ops Report
The phrase "do more with less" appears three times in Thomson Reuters Institute's recently released "2023 Legal Department Operations Index," and similar sentiments appear on nearly every page of the 25-page report.
Indeed, the overarching finding of this year's report, which was based on an online survey this summer of 108 legal ops professionals in the United States, is that workloads are increasing but budgets aren't.
Specifically, 70% of respondents said the volume of legal work has increased over the past year, while nearly two-thirds of law departments reported their budgets are flat or decreasing.
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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
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.
CoStar Wins Injunction for Breach-of-Contract Damages In CRE Database Access Lawsuit
Latham & Watkins helped the largest U.S. commercial real estate research company prevail in a breach-of-contract dispute in District of Columbia federal court.
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.