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Addressing Generational 'Tech Gaps' for More Efficient, Effective Legal Practice
In today's challenging economy, corporate legal departments and law firms face pressure to meet their responsibilities with leaner organizations and fewer staff. For example, a recent study conducted by Corporate Counsel magazine for LexisNexis found that 68% of in-house legal professionals feel pressure to reduce the law department budget, and a majority of them have already experienced actual reductions in total budgets. Law firms feel similar pressures too as corporate cutbacks ripple through the industry and impact bottom lines.
One way legal practices are trying to address these realities is through increased use of technology ' essentially harnessing software and online technology to make employees and operations more efficient while maintaining quality work. Working with IT colleagues, this has proven to be a successful strategy for many lawyers. However, it turns out there are some rather sharp differences in how technology is perceived and used by legal professionals among different generations. These differences, or “generational gaps,” can lead to issues in the workplace between colleagues, as well as less efficient use of time and resources by law firm or company employees. Naturally, each of these concerns is amplified given difficult economic circumstances.
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.
Judge Rules Shaquille O'Neal Will Face Securities Lawsuit for Promotion, Sale of NFTs
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 So Many Great Lawyers Stink at Business Development and What Law Firms Are Doing About It
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?
Blockchain Domains: New Developments for Brand Owners
Blockchain domain names offer decentralized alternatives to traditional DNS-based domain names, promising enhanced security, privacy and censorship resistance. However, these benefits come with significant challenges, particularly for brand owners seeking to protect their trademarks in these new digital spaces.
Coverage Issues Stemming from Dry Cleaner Contamination Suits
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.