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When most law firms sent their lawyers and legal professionals home in March of 2020, they did not expect that more than a year later, many, if not all, would still be working remotely. Litigators also did not anticipate the lengthy court closures and delays in driving their matters forward. As they embraced each new paradigm, from video engagement to remote depositions, and reimagined how to collaborate, train and thrive, they have balanced uncertainty with progress at each stage.
American LegalNet engaged Ari Kaplan Advisors to speak with a cross-section of law firm leaders to understand how the pandemic has impacted litigation in the short- and long-term. "ALN is always interested in understanding the perspectives of law firm leaders and this research captures insights that provide a collective vision for the trajectory of litigation and risk management," noted American LegalNet CEO, Erez Bustan.
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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.
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