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A Value Proposition Aided by Technology
While technology, data and the resulting “insights” are at the core of any successful client-law firm relationship, perhaps the real underlying factors for success are communication, collaboration and trust. The question for many legal professionals remains which comes first, the technology or the trust? The technology provides the necessary infrastructure and establishes a common data set for both client and firm. Although the client might be using the data for budgeting and forecasting, the law firm might be using the same intelligence for performance metrics and cost-per-case. Nevertheless, the two entities are sharing a common point of reference. But it is what you do with that common point of reference that truly defines a successful relationship between client and firm.
A relationship based on open communication, collaboration, sharing, common access to data and intelligence, and a compensation model of shared risk might seem unattainable, but it's become a reality for Tucker Ellis LLP and Rockwell Automation. Industrial automation giant Rockwell Automation managed to establish a unique, trusted and transparent partnership with its outside national counsel, Tucker Ellis LLP.
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.
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.
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?
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.