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Last year, the global firm Baker McKenzie launched a new initiative called “Whitespace Legal Collab.” On the 27th floor of their Toronto office on Bay Street, the global firm opened their doors to clients and leaders in business, government, academia and non-profit organizations to “address complex global challenges at the intersection of business, law and technology” according to their website. “Our Whitespace Legal Collab is part of our firm’s wider effort to cultivate a new type of thinking when helping our clients develop solutions to complex challenges,” says Paul Rawlinson, the global chair of the firm.
By Marcus Dyer
As law firms endeavor to survive in an increasingly competitive world, one strategy picking up steam is the law firm merger. In this article, we recap law firm merger activity in 2018 and consider the economic outlook for law firm mergers for 2019.
By Lawrence L. Bell
Planning for executive benefits for top hat employees at non-profit organizations has undergone a frenzy of regulatory roadmap changes. Nonprofit NonQualified Benefits are largely directed and controlled by IRC §457.
By Kevin Harris
Prebilling, the process of generating invoice drafts and circulating them for annotation/adjustment, is one of the most important monthly tasks a law firm conducts. Since prebilling involves bringing money into the firm, the more efficient the process becomes, the better off the law firm is financially.
By Stephen Cole
Information governance and the protection of corporate data are top concerns for law firms. To ensure standards are met, some clients are now tying payment to compliance with Outside Counsel Guidelines (OCG). OCG have moved from guidelines to actual contracts that provide for indemnification of the client for cyber breach and violation of privacy laws.