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4 Pitfalls To Avoid In Legal Operations (and How to Deal With Them)
For legal stakeholders seeking to take their existing legal operations programs to the next level or start new programs from scratch, there are a few all-too-easy traps that can stunt growth, cost political capital and cause headaches. Having a strategic plan, budget and critical executive buy-in is not enough to avoid these four common issues:
1. Thinking Too Narrowly About Sourcing the Right Labor In the Right Place At the Right Price
It takes an ecosystem of skills to have a successful legal function, which ideally includes operational experts, technical specialists, data analysts, project managers and, of course, lawyers. Unbundling legal business services from the practice of law is now a standard practice for running a law department, so matching resources with the appropriate work is now table stakes for avoiding overspending on legal services; using a mix of internal employees, alternative legal service providers, law firms and other providers, domestically and offshore, is central to getting this right. Legal operations teams, including leadership, should have multidisciplinary backgrounds and leadership experience outside of legal departments in order to bring new perspectives, scrutiny into current practices and fresh ideas about alternative ways of delivering results.
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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?
A Lawyer's System for Active Reading
Active reading comprises many daily tasks lawyers engage in, including highlighting, annotating, note taking, comparing and searching texts. It demands more than flipping or turning pages.
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.