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The IT Utility for Law Firms
Over the past five years, the concept of an IT Utility for law firms has evolved from an interesting concept to an attractive business strategy. Growth of the IT Utility (off-premise IT services such as Co-location and Managed Services) is fueled by the confluence of increased interest by law firms in outsourcing routine administrative functions with rapidly maturing enabling technology such as security tools and services, affordable high bandwidth data communications, and management tools for large scale data centers. The IT Utility is part of a new model for managing technology infrastructure at law firms.
Here is a typical situation: The ABC law firm has enjoyed significant growth, adding attorneys and support staff. Office space is becoming a scarce commodity. Anticipated growth in the next year or so will put them over the edge and may mean relocation. Technology infrastructure has also expanded to keep up with firm growth. The data center now consumes nearly an entire floor of office space. To compound problems, power requirements for additional equipment in the data center will exceed the building's capacity and requires a significant upgrade to the building's electrical capacity. The firm now faces a decision to: 1) scale back expansion plans; 2) move to new offices, or 3) find a new home for the data center. Option # 3 has become very interesting.
Law Firms are Reducing Redundant Real Estate by Bringing Support Services Back to the Office
A trend analysis of the benefits and challenges of bringing back administrative, word processing and billing services to law offices.
Bit Parts
Summary Judgment Denied Defendant in Declaratory Action by Producer of To Kill a Mockingbird Broadway Play Seeking Amateur Theatrical Rights
Risks of “Baseball Arbitration” in Resolving Real Estate Disputes
“Baseball arbitration” refers to the process used in Major League Baseball in which if an eligible player's representative and the club ownership cannot reach a compensation agreement through negotiation, each party enters a final submission and during a formal hearing each side — player and management — presents its case and then the designated panel of arbitrators chooses one of the salary bids with no other result being allowed. This method has become increasingly popular even beyond the sport of baseball.
Disconnect Between In-House and Outside Counsel
'Disconnect Between In-House and Outside Counsel is a continuation of the discussion of client expectations and the disconnect that often occurs. And although the outside attorneys should be pursuing how inside-counsel actually think, inside counsel should make an effort to impart this information without waiting to be asked.
Bankruptcy Sales: Finding a Diamond In the Rough
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.