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By understanding legal operations approach, law firms can gain a better appreciation of client needs, share the client’s vision and contribute to client satisfaction, while creating a competitive advantage for the firm.
Legal operations as a discipline within corporate legal departments is receiving more attention, funding and staffing over the last few years. Efforts by groups such as CLOC (Corporate Legal Operations Consortium) are driving change in the legal industry through the creation of structured legal operations framework, and the provision of education on best practices and business benefits.
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Experts share their experience and insight around workplace trends and the value of technology tools to drive productivity and engagement in a roundtable discussion.
By John Drum and Melissa Rutzen
This article examines challenges facing accountants due to economic and financial stress increasing at the same time that oversight may be relaxing, provides insight into the question of whether we should expect a rise in accounting manipulations, and concludes with comments on mitigating hindsight bias.
By Jacob Weichholz, Daniel Mayo and Chris DeMayo
A summary of information on the various Small Business Association (SBA) loans that are available under the new federal economic stimulus package. Continually updated; last update July 29.
By Ryan Drimalla and Karl Dorwart
The London Interbank Offered Rate has long been the global basis for agreements that include a variable interest rate component. However, LIBOR would be replaced by other benchmarks by the end of 2021. Key to assessing risk of exposure, quantifying the financial impact, developing remediation plans and communicating material information to stakeholders will be the identification, analysis and remediation of LIBOR-based contracts.