Law.com Subscribers SAVE 30%
Call 855-808-4530 or email [email protected] to receive your discount on a new subscription.
The Anatomy of a Cyberattack: Step-by-Step
Consider this scenario: You're a law firm accountant. Early one morning while reviewing emails, you see a message from the firm's real estate agent stating that the landlord has agreed to your latest counteroffer and is ready to move forward on the rental of your new office space. You continue discussions to finalize the deal, work on signing the paperwork and are ready to send over your deposit. A new email from the agent at the last-minute mentions changing banks and encloses updated wiring instructions. The email has a sense of urgency to send the information quickly or the deal may fall through. Looking at the email, it appears legitimate, and you've done two other deals with this agent in the past, so you feel comfortable with the request. You reply to the message confirming the change, the response says to move forward. And all appears well.
Human interactions on the Internet are often not what you think they are. Whether it's misinformation or a spear-fishing attack that directly targets you with the purpose of stealing money or your identity, it's important that you understand that fostering an information security mindset is critical.
Without additional thought and with the stress of the moving deadline looming over you, you initiate the wire transfer. A day later, when you haven't heard confirmation from your agent, you become suspicious and call them. The agent's assistant answers the phone and informs you the agent has been on vacation for the last two days and hasn't been checking email. You panic, thinking, "Who sent the message?" You get on the phone with your bank, but the funds have already been transferred. You report the transaction to the bank's fraud department, and you have an impending sense of dread. Thousands of dollars are gone.
This premium content is locked for Entertainment Law & Finance subscribers only
ENJOY UNLIMITED ACCESS TO THE SINGLE SOURCE OF OBJECTIVE LEGAL ANALYSIS, PRACTICAL INSIGHTS, AND NEWS IN ENTERTAINMENT LAW.
- Stay current on the latest information, rulings, regulations, and trends
- Includes practical, must-have information on copyrights, royalties, AI, and more
- Tap into expert guidance from top entertainment lawyers and experts
Already a have an account? Sign In Now Log In Now
For enterprise-wide or corporate acess, please contact Customer Service at [email protected] or 877-256-2473
Top 5 Strategies for Managing the End-of-Year Collections Frenzy
End of year collections are crucial for law firms because they allow them to maximize their revenue for the year, impacting profitability, partner distributions and bonus calculations by ensuring outstanding invoices are paid before the year closes, which is especially important for meeting financial targets and managing cash flow throughout the firm.
The Self-Service Buyer Is On the Rise
Law firms and companies in the professional services space must recognize that clients are conducting extensive online research before making contact. Prospective buyers are no longer waiting for meetings with partners or business development professionals to understand the firm's offerings. Instead, they are seeking out information on their own, and they want to do it quickly and efficiently.
Should Large Law Firms Penalize RTO Rebels or Explore Alternatives?
Through a balanced approach that combines incentives with accountability, firms can navigate the complexities of returning to the office while maintaining productivity and morale.
Sink or Swim: The Evolving State of Law Firm Administrative Support
The paradigm of legal administrative support within law firms has undergone a remarkable transformation over the last decade. But this begs the question: are the changes to administrative support successful, and do law firms feel they are sufficiently prepared to meet future business needs?
Tax Treatment of Judgments and Settlements
Counsel should include in its analysis of a case the taxability of the anticipated and sought after damages as the tax effect could be substantial.