Creating Opportunity From Change
September 02, 2014
The cost of doing business is increasing and the market is showing less stability. These factors are shifting the equipment finance market and changing how we do business. Systems investment is necessary to reduce operating cost, saving time and effort through automation.
Future Proofing Your Back Office Operation For the Next Five to 10 Years
September 02, 2014
In this continued age of economic uncertainty and transition for law firms, the back office and support services functions have become an increased target of opportunity. Firms are thinking more strategically about how to reduce and recover back office costs, increase efficiency, and implement newer technologies, all while maintaining or increasing services to the end users.
Valuation of a Law Firm and a Law Practice
September 02, 2014
Part One, last month, discussed the current state of law firm valuation, how to determine what it is that is being transferred, and a few of the methods used for valuing a law firm. Part Two will examine a possible solution to the differing valuation methods and look at issues that arise in an external transfer when someone outside of the firm is interested in buying it.
Vendors, Keep Your Promises
September 02, 2014
A recent decision by the Minnesota Supreme Court addressed the enforceability of a provision commonly found in vendor program agreements ' that a transaction presented by the vendor to the lessor/financier is valid and enforceable.
Collecting Social Security Numbers
September 02, 2014
This article suggests a framework for ensuring compliance with the majority (albeit not all) of the applicable state laws and avoiding the financial, legal and reputational damage that can occur when SSNs are improperly collected, used or disclosed.
Valuation of a Law Firm and a Law Practice
August 02, 2014
Lawyers leaving a law practice have an economic interest in monetizing their career-long investment in building a client portfolio and a referral network. How each lawyer has accomplished this depends on his or her particular practice, market and style. But while the means may vary, the results are the same ' access to clients who have legal needs. And this is the value the acquirers wish to capture.
Commercial Alternative Lending
August 02, 2014
An impressive amount of attention and money have been foisted upon the relatively nascent alternative finance market. Is it good or bad?
The Scope and Limits of Article 9
August 02, 2014
A discussion of the three major categories of personal property liens excluded from Article 9, in whole or in part.
How a Lessor of Cows Can Ensure a 'True Lease'
August 02, 2014
Most lawyers in the equipment financing business in urban areas have never handled a deal involving animals, such as livestock. So this article is dedicated to those equipment leasing specialists ' and their attorneys ' who represent dairy producers, ranchers, or those who plan to retire to a farm or dude ranch.
The Anti-Assignment Override Provisions
July 02, 2014
UCC Sections 9406(d) and 9408(a) are one of the most powerful, yet least understood, sections of the Uniform Commercial Code. On their face, they appear to override anti-assignment provisions in agreements that would limit the grant of a security interest. But do these sections really work?
