<i>Commentary:</i> Favored-Nation Clauses: Live Nation's Expansion Into 360-Degree Deals with Artists
I think the 10-year deal that concert-industry giant Live Nation just closed with Jay-Z is brilliant. It builds on Live Nation's groundbreaking deal with Madonna and reinforces its unique position to make these deals profitable.
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Client Attrition: More Tools to Stem the Trickle of Lost Work
The billable hours lost each month to attrition stand to impact a firm's bottom line unless firm managers counteract this trickle with affirmative measures.
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Case Briefs
Highlights of the latest insurance cases from around the country.
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Joint-and-Several Allocation and Policy Provisions Governing the Stacking of Limits
The Pennsylvania Supreme Court has adopted a 'multiple trigger' approach, whereby, under primary insurance policies obligating the insurer to 'pay on behalf of the Insured all sums which the Insured shall become legally obligated to pay,' all stages of the disease process, from initial exposure through incapacitation, are deemed to be 'bodily injury' triggering coverage under all primary policies on the risk during the entire period in which the disease evolved.
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Damages Beyond the Policy Limits
The New York Court of Appeals recently rendered two important insurance coverage decisions that are certain to have a dramatic effect on the relationship between New York policyholders and their insurers.
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Subprime Mortgages and D&O Coverage: Will Insurers Pay and for What?
Part One of this article addressed the roots of the subprime crisis and resulting litigation, and provided an overview of D&O coverage. This month's installment focuses on specific D&O coverage issues.
Is Your Conflicts Technology in Conflict with Business Practices?
Systems that facilitate a firm's new business review and inception processes, such as client intake and conflicts management software, are major technology investments. It's important for you to be aware of what's coming down the road so that you can properly plan for and support the initiatives coming out of your firm's new business intake and conflicts departments.
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Effectively Mitigating The Cost of Data Back-Up
As any business grows, so does the volume of data that its IT staff must back-up and store. Storing back-up data off-site is critical and becomes particularly important when a crisis occurs and access to on-site data back-up is impossible. There is no benefit to creating a back-up file of valuable data if this information is not transferred via a secure method and stored in an off-site data storage center with foolproof protection. And with the increase in data that requires storage, off-site storage facilities are in even more demand.
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- Coverage Issues Stemming from Dry Cleaner Contamination SuitsIn recent years, there has been a growing number of dry cleaners claiming to be "organic," "green," or "eco-friendly." While that may be true with respect to some, many dry cleaners continue to use a cleaning method involving the use of a solvent called perchloroethylene, commonly known as perc. And, there seems to be an increasing number of lawsuits stemming from environmental problems associated with historic dry cleaning operations utilizing this chemical.Read More ›
- 'Insurable Interest' and the Scope of First-Party CoverageThis article reviews the fundamental underpinnings of the concept of insurable interest, and certain recent cases that have grappled with the scope of insurable interest and have articulated a more meaningful application of the concept to claims under first-party property policies.Read More ›
- The Flight to Quality and Workplace ExperienceThat the pace of change is "accelerating" is surely an understatement. What seemed almost a near certainty a year ago — that law firms would fully and permanently embrace work-from-home — is experiencing a seeming reversal. While many firms have, in fact, embraced hybrid operations, the meaning of hybrid has evolved from "office optional," to an average required 2 days a week, to now many firms coming out with four-day work week mandates — this time, with teeth.Read More ›
- AI or Not To AI: Observations from Legalweek NY 2023This year at Legalweek, there was little doubt on what the annual takeaway topic would be. As much as I tried to avoid it for fear of beating the proverbial dead horse, it was impossible not to talk about generative AI, ChatGPT, and all that goes with it. Some fascinating discussions were had and many aspects of AI were uncovered.Read More ›
- The Powerful Impact of The Non-Foreclosure Notice of PendencyRPAPL ' 1331 and RPAPL ' 1403 Notices of Pendency are requisite elements for foreclosing a mortgage. <i>See, Chiarelli v. Kotsifos</i>, 5 A.D.3d 345 (a notice of pendency is a prerequisite to obtaining a judgment in a mortgage foreclosure action); <i>Campbell v. Smith</i>, 309 A.D.2d 581, 582 (a notice of pendency is required in a foreclosure action under RPAPL Article 13). In contrast, an ex parte CPLR Article 65 Notice of Pendency (the "Notice") is not required but it is a significant tool in an action claiming title to, or an interest in or the use or enjoyment of, another's land. The filer does not have to make a meritorious showing or post a bond. Article 65 provides mechanisms for the defendant-owner to vacate the Notice that caused an unilaterally imposed restraint on its realty. But, recent case law establishes the near futility of such efforts if the plaintiff has satisfied the minimal statutory requisites for filing the Notice.Read More ›