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De-mystifying Internal Administration for Solos and Small Firms
Large law firms usually have in-house administrators ensuring their systems operate as they should. Small firms and solo practitioners, on the other hand, often lack this luxury and consequently are not as efficiently organized as their larger counterparts. The need for administrative support within small firms becomes apparent when one realizes that most attorneys dread administrative tasks. They rightly determine that the best use of their time is through the performance of billable client services.
Vicious Cycles
Since administration erodes billable time, attorneys delegate administrative duties to their often-overworked secretaries, who in turn add it to their own to-do lists. These duties are then postponed until “free time” is available, resulting in outdated, unreliable, and possibly meaningless work-in-process, accounts receivable, cash and general ledger balances. Factor in the use of unrelated software applications, and the office could be in a state of workable disorganization. The direct costs associated with this disorganization ' lost time, inefficient billings or collections, and additional administrative personnel needed to perform redundant tasks – can easily accumulate into tens of thousands of dollars per year. A quick calculation of one lost billable hour per week (at an average billable rate of $150/hr), alone yields over $7500 of lost income per year.
Major Differences In UK, U.S. Copyright Laws
This article highlights how copyright law in the United Kingdom differs from U.S. copyright law, and points out differences that may be crucial to entertainment and media businesses familiar with U.S law that are interested in operating in the United Kingdom or under UK law. The article also briefly addresses contrasts in UK and U.S. trademark law.
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.
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.
Legal Possession: What Does It Mean?
Possession of real property is a matter of physical fact. Having the right or legal entitlement to possession is not "possession," possession is "the fact of having or holding property in one's power." That power means having physical dominion and control over the property.
The Anti-Assignment Override Provisions
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?