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Technology Investments for Law Firms Moving Forward Post-COVID
Our forced experiment in change and technology adoption we are all, for better and worse, participating in can pay dividends: lawyers like their new, flexible work from home capabilities. In fact, most (67%) report they would like their job to stay remote once it's safe to return to the office, even if it's only a few days a week. (See, "Loeb Leadership COVID Survey Findings Report.")
A substantial benefit to a revisioned workforce is real estate reduction. Firms spend approximately 6% – 8% of gross revenue on real estate costs in major metropolitan areas. The new Cushman & Wakefield study on the ripple effects of COVID posits that law firms might be looking at a long term 40% reduction in 'in-office' personnel — which means real estate. (See, Cushman & Wakefield Bright Insight 2020.) This "right sizing" of the legal sector, that currently occupies two to three times the square footage per employee than other industries, is a sector correction that is long overdue. Ibid.
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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.
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?
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.
Supreme Court Rules Rejection of Trademark License Does Not Rescind Rights of Licensee
Mission Product Holdings, Inc. v. Tempnology, LLC The question is whether a debtor's rejection of its agreement granting a license "terminates rights of the licensee that would survive the licensor's breach under applicable nonbankruptcy law."