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This article reports the experience of one law firm's Director of Finance when she and her firm decided to switch software vendors rather than upgrade. If you would like to share lessons from your own firm's story with A&FP readers, please contact [email protected]. For a detailed analytic discussion of why a firm might want to switch vendors, see 'Time to Replace Your Accounting Software?' in A&FP's May 2005 edition.
A few years ago, Kennedy Childs & Fogg, P.C., a law firm with offices in Denver and on the Western Slope with 42-plus trial lawyers, had reached a crossroads when it came to our time, billing, and accounting system: either spend a significant amount of money upgrading to the next version of Thomson Elite (around $120,000), including adding multiple SQL servers with ongoing maintenance issues, or convert to a newer system with the same ' or better ' features that would be both easier to use and less expensive. The firm chose the latter.
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There is no efficient market for the sale of bankruptcy assets. Inefficient markets yield a transactional drag, potentially dampening the ability of debtors and trustees to maximize value for creditors. This article identifies ways in which investors may more easily discover bankruptcy asset sales.
A federal district court in Miami, FL, has ruled that former National Basketball Association star Shaquille O'Neal will have to face a lawsuit over his promotion of unregistered securities in the form of cryptocurrency tokens and that he was a "seller" of these unregistered securities.
Why is it that those who are best skilled at advocating for others are ill-equipped at advocating for their own skills and what to do about it?
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In recent years, there has been a growing number of dry cleaners claiming to be "organic," "green," or "eco-friendly." While that may be true with respect to some, many dry cleaners continue to use a cleaning method involving the use of a solvent called perchloroethylene, commonly known as perc. And, there seems to be an increasing number of lawsuits stemming from environmental problems associated with historic dry cleaning operations utilizing this chemical.