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At the beginning of the 19th century, there was an historical event that was the catalyst for developing what has become one of the most commonly used business strategies. The building and expansion of the railroad system forced corporations to have to raise capital to an extent they never had to before. Previously, these large projects were funded by the government. Now with corporations having to have significant capital outlay, the creation of depreciation came into existence and along with it more robust reporting structures. This has evolved from the beginning with real estate, to equipment and then to the application to intellectual property in the 20th century. The use of depreciation and amortization is so second nature that we don’t even think about when it didn’t exist. IRC §1250 and §1245 have been codified to cover depreciation and amortization.
By Debra Gray
Clients expect sophisticated and secure systems to keep their information safe. This obviously makes your IT professional’s job much harder. Additionally, attorneys expect instant performance and near 100% up time. Achieving the delicate balance between accessibility and security is a challenge.
By Lizzy McLellan
What Does Widespread ‘Deleveraging’ Mean for Law Firm Health?
Industry watchers say law firms have become less reliant on bank debt over the past decade, as they explore other funding options. Often, that means raising capital from partners, or turning to other, less common sources.
By Dylan Jackson
Baby boomers control an outsize portion of law firm business. As they inch toward retirement, how are firms preparing for the transition process?
By Debra Baker
Six Pillars of a Successful Bus-Dev Program
For firms wanting to thrive through the next economic downturn and beyond, mastery of business development fundamentals is as essential as mastering legal skills. Yet training and coaching — whether done internally or through outside consultants — requires an investment in time and resources.