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Origination Tracking: Findings From The A-W Survey
[Editor's Note: As a counterpoint to the September edition's commentary by Joel A. Rose on tracking of partner contributions, here's a statistics-based line of thought from Jim Cotterman; this article expands on his introduction to Altman-Weil's 2003 Survey of Compensation Systems in Private Law Firms. For a broader statement of Cotterman's philosophy of law-firm compensation, see his article "Is Your Compensation Philosophy Fair and Defensible?" in our February 2004 edition. For an in-depth analysis of the concept of origination and the effects on a law firm of different kinds of origination credits, see Cotterman's article in the September 2004 edition of Altman Weil's Report to Legal Management.]
In Altman-Weil's 2003 Survey of Compensation Systems in Private Law Firms, participant firms were asked to rank a list of 17 compensation-related factors, from most important (1) to least important (17). The survey found that the two most important compensation criteria in law firms remain a lawyer's personal productivity, measured by fees collected as a working lawyer, and his or her ability to bring new clients to the firm ' ie, origination.
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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.
Beach Boys Songs Written Decades Ago Triggered Current Quarrel With Lawyers
There's current litigation in the ongoing Beach Boys litigation saga. A lawsuit filed in 2019 against Nevada residents Mike Love and his wife Jacquelyne in the U.S. District Court for the District of Nevada that alleges inaccurate payment by the Loves under the retainer agreement and seeks $84.5 million in damages.
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.
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.
Transfer Tax Implications on Real Property Leases
The real property transfer tax does not apply to all leases, and understanding the tax rules of the applicable jurisdiction can allow parties to plan ahead to avoid unnecessary tax liability.