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Methodology of an Auditing Firm
Judy Brompster of Accountability Services (New York) says that some auditing firms are too prescriptive in their approach. “How can an auditing firm say that a deposition should take 40 minutes?” she asks. “Some take more, and some take less.”
Accountability Services lets the attorneys be the legal experts, but it focuses on making sure that they follow through on their commitment. “We expect legal counsel to do what it says it is going to do,” Brompster said. “Thus, if you tell your client that the deposition took an hour, we want to see evidence that it was an honest hour.”
Firms should be able to document who is meeting and why. “In an age when a top law firm might charge $500/hour or even $700/hour for a partner's time, if there's a meeting of three partners, that's $1500 to $2100 per hour,” she said. “An insurer would like to know why that meeting was necessary.”
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 Stranger to the Deed Rule
In 1987, a unanimous Court of Appeals reaffirmed the vitality of the "stranger to the deed" rule, which holds that if a grantor executes a deed to a grantee purporting to create an easement in a third party, the easement is invalid. Daniello v. Wagner, decided by the Second Department on November 29th, makes it clear that not all grantors (or their lawyers) have received the Court of Appeals' message, suggesting that the rule needs re-examination.