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The Evolving Role of the Law Firm CFO
Many law firm CFOs still have narrowly defined roles that focus on budgeting, financial modeling, internal controls and tax information reporting despite the dramatic changes the legal profession has experienced over the past three years. Multiple external pressures have combined to create a business climate marked by increased sophistication of clients purchasing legal services, increased fee sensitivity with clients pressing for discounts and decreasing differentiation among competing firms. As a result, many law firms have seen their revenues contract more rapidly than their cost structure.
Many CFOs will have to spread their wings in 2012. The real challenge ' and opportunity ' facing today's law firm CFO is not improving his or her technical expertise, but rather gaining the support of law firm management to implement real, impactful change.
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The Article 8 Opt In
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Major Differences In UK, U.S. Copyright Laws
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Beach Boys Songs Written Decades Ago Triggered Current Quarrel With Lawyers
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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.