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Law Firm Mergers Are Growing, Again!
As you may have read in a recent edition of The AmLawDaily, legal consultancy Altman Weil reported that our industry most likely will surpass the record 70 mergers reached in 2008. There are a variety of reasons driving this activity; however, regardless of which one or ones apply to your firm's influx of laterals, legal marketers can play an integral role in the new attorneys' success.
By contrast, failure to work with firm management at the outset to effect successful integration practices can more often than not result in laterals leaving. Although the statistics vary from study to study, as many as 45% of those new laterals leave the firm between three and five years. And as expected, that turnover statistic supports concern over the integration processes in place after the marriage.
Obviously, there are no guarantees of success, regardless of how thoroughly both sides carry out their due diligence. Yet, we legal marketers can play an important role in the entire process, beginning as early as possible. Ideally, the top business development executive in the firm will be a member of the lateral acquisition/search team (and there are a handful who now have that seat), thereby putting the integration process in gear right from the start. For the majority of legal marketing practitioners, your team and you will learn of the new attorneys after board or management approval and the attorneys' acceptance.
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Major Differences In UK, U.S. Copyright Laws
This article highlights how copyright law in the United Kingdom differs from U.S. copyright law, and points out differences that may be crucial to entertainment and media businesses familiar with U.S law that are interested in operating in the United Kingdom or under UK law. The article also briefly addresses contrasts in UK and U.S. trademark law.
The Article 8 Opt In
The Article 8 opt-in election adds an additional layer of complexity to the already labyrinthine rules governing perfection of security interests under the UCC. A lender that is unaware of the nuances created by the opt in (may find its security interest vulnerable to being primed by another party that has taken steps to perfect in a superior manner under the circumstances.
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.
Legal Possession: What Does It Mean?
Possession of real property is a matter of physical fact. Having the right or legal entitlement to possession is not "possession," possession is "the fact of having or holding property in one's power." That power means having physical dominion and control over the property.
The Stranger to the Deed Rule
In 1987, a unanimous Court of Appeals reaffirmed the vitality of the "stranger to the deed" rule, which holds that if a grantor executes a deed to a grantee purporting to create an easement in a third party, the easement is invalid. Daniello v. Wagner, decided by the Second Department on November 29th, makes it clear that not all grantors (or their lawyers) have received the Court of Appeals' message, suggesting that the rule needs re-examination.