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Law Firm Leaders Reflect on 2024 and Look Ahead to 2025
By all measures, Big Law saw more events and trends in 2024 than the legal industry may have seen in years. Despite all the turbulence and uncertainty, some law firms may come away with double-digit increases in revenue and profit, according to recent bank reports.
But was all that change in 2024 welcome, and what are law firm expectations for 2025?
We asked several Big Law leaders to reference one change they viewed as a “positive” in the last year, either with their firm or industry-wide, and one change they noticed this past year may take some getting used to.
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The Article 8 Opt In
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.
Major Differences In UK, U.S. Copyright Laws
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Warehouse Liability: Know Before You Stow!
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Legal Possession: What Does It Mean?
Possession of real property is a matter of physical fact. Having the right or legal entitlement to possession is not "possession," possession is "the fact of having or holding property in one's power." That power means having physical dominion and control over the property.
Strategy vs. Tactics: Two Sides of a Difficult Coin
With each successive large-scale cyber attack, it is slowly becoming clear that ransomware attacks are targeting the critical infrastructure of the most powerful country on the planet. Understanding the strategy, and tactics of our opponents, as well as the strategy and the tactics we implement as a response are vital to victory.