Raising the Bridge v. Lowering the Water: Expense Management and Its Relation to Cost Recovery
What many firms fail to take advantage of is the fact that, by focusing on the recovery of costs where applicable, they can accomplish more to help their bottom line than most cost reduction exercises.
Features
Digital Music Provider Can Operate During Court Dispute
Like most 'legit' digital music services, MediaNet has yet to make a cent in profit. In fact, MediaNet offers a fascinating example of the recording industry's struggles to adapt to the digital age.
Features
Will Your Firm Pass a Stress Test?
An annual stress test can evaluate the critical areas of firm governance, financial reporting, risk management, fiduciary practices and financial health. Monitoring these factors can help a law firm prepare to weather both internal and external threats.
Courts in NY, TN Rule on Impact of Federal Copyright Law on Pre-1972 Recordings
How federal copyright law may affect state common law copyrights in sound recordings has long been a priority concern for record labels. Two courts recently rendered decisions on this issue.
Tax Developments for Film Companies
For the last several years, the largest source of "soft money" for film financing has been U.S. state tax credits, but within the past year the Internal Revenue Service issued a Chief Counsel Advice that threatened the viability of this vital source of financing by holding that the receipt of the proceeds from the sale of state tax credits is immediately taxable.
Features
PDF Proficiency at Your Law Firm
This article hopes to shed some more light on how law firms of all sizes and complexities can make better use of this Adobe technology they probably already have.
Technology Assisted Review: Much More Than Predictive Coding
in the context of today's advanced technological world, TAR is about using a combination of technology and people to speed, improve and sometimes automate elements of the legal review process in a way that reduces costs and improves quality.
Taking on the Costs of Legal Research
Although many cost reducers have entered the arena in recent years to beat down the monthly cost of renting information, several challenges remain to the firm. One is to understand which features and contract terms are the real drivers of costs; the other is to evaluate and then select alternatives. Both of these require analysis that takes knowledge and time. This article and others to follow will help IT management learn what to look for.
Features
Components of a Truthful Complaint
If you've represented companies for any length of time, you've received internal complaints about a variety of workplace wrongdoings. How can you tell if the complaints are true?
Corporate Internal Investigations
Part one of this three-part series discusses the initial decision of whether to conduct an internal investigation and immediate steps that must be taken to preserve evidence and create an independent investigation.
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- Use of Deferred Prosecution Agreements In White Collar InvestigationsThis article discusses the practical and policy reasons for the use of DPAs and NPAs in white-collar criminal investigations, and considers the NDAA's new reporting provision and its relationship with other efforts to enhance transparency in DOJ decision-making.Read More ›
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- When Efficiency Meets the Duty to Verify: Reflections on The Verification-Value ParadoxThe Verification-Value Paradox states that increases in efficiency from AI use “will be met by a correspondingly greater imperative to manually verify” the outputs. The result is that the net value of AI in many legal contexts may be negligible once verification is honestly accounted for. For low-stakes tasks, verification costs are light. For core legal work, verification costs are heavy. That’s the tension.Read More ›
