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Creating a Competitive Situation Image

Creating a Competitive Situation

Rob Mattern

When it comes to the business processes that legal organizations should be improving immediately for long term success, back office support and the recovery of those costs tops the list. With the pressure on rates and cost recovery not abating, it is critical that firms develop a strategic plan to decrease and control their support costs and recover them in a fair and transparent manner. This will help firms maintain competitive rates as well as operate more efficiently and profitably.

Advanced Payments Denied Priority Image

Advanced Payments Denied Priority

Michael Riccardi

Advancement claims of executives are not entitled to priority over other claims against an entity in receivership, the Delaware Court of Chancery has ruled in a case of first impression.

Building a Vendor Management Program Image

Building a Vendor Management Program

Tim Strong

Last month, we reviewed vendor selection and management, vendor score cards, and attorney involvement, particularly in-house counsel. We conclude this month with a discussion on development metrics and processes, and how to get started.

Features

Uniting Legal, IT and Records Management Image

Uniting Legal, IT and Records Management

Doug Yarabinetz

When organizations discuss ESI, it almost always revolves around three core groups: legal and/or compliance; records management; and, of course, IT. Despite the fact that they all are responsible for important business functions associated with this data, they are seldom on the same page.

Searches Without Frontiers Image

Searches Without Frontiers

Jonathan B. New & David M. McMillan

The first half of 2015 has seen vigorous debate over U.S. law enforcement's authority to seize data evidence stored overseas. MLATs are agreements between two or more countries that facilitate cross-governmental collaboration in criminal investigations and prosecutions. But the MLAT process is complicated, time-consuming and ill-equipped to handle 21st-century data storage and privacy issues.

Features

<b><i> In Re Fairfield Sentry Limited</i></b> Image

<b><i> In Re Fairfield Sentry Limited</i></b>

Daniel J. Saval

<I>In re Fairfield Sentry Ltd.</I> is the first federal circuit court decision to address the application of Section 363 in a Chapter 15 bankruptcy case. Bankruptcy Code applicable as to matters within the United States. This article provides an in-depth analysis of what this means to bankruptcy practitioners.

<b><i>Marketing Tech:</i></b> Cultivating a Culture of Awareness Image

<b><i>Marketing Tech:</i></b> Cultivating a Culture of Awareness

Peter Ozolin

Law firm marketing professionals and attorneys often find themselves at a standoff. The attorneys look at marketing and ask (though perhaps in not so many words), "Why aren't you going out and getting us business?" The marketers reply, "You're the experts in field A, B or C, why don't you come to us with opportunities that we can act upon?"

Features

Archiving's Role Within e-Discovery 2.0 and What's Expected for the Future Image

Archiving's Role Within e-Discovery 2.0 and What's Expected for the Future

Mike Pagani

When responding to e-discovery events such as audits or potential litigation, the cost of persisting with older, traditional methods for key parts of the process can nearly bankrupt a company. Modern archiving technologies that consolidate and proactively store content in a single "search-ready" repository are now playing a crucial role within next generation 2.0 e-discovery processes.

Features

Gray Plant Mooty Fast-Tracks Investigations with Recommind's Technology Image

Gray Plant Mooty Fast-Tracks Investigations with Recommind's Technology

Brian Dillon

The practice of law is constantly evolving, thanks to emerging technologies on which businesses now rely. Fortunately, technology to support the legal profession has stepped up to this challenge, bringing automation to tedious processes.

Features

<b><i>Business of Branding:</i></b> Creating a Client-Centric Brand' Image

<b><i>Business of Branding:</i></b> Creating a Client-Centric Brand'

Cindy Sharp

Professional legal marketers are by and large responsible for the creative and labor-intensive effort involved in developing a strong law firm brand. After all, a brand does not develop by chance, but rather is strategically planned, crafted and 'communicated.

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    Insiders (and others) in the private equity business are accustomed to seeing a good deal of discussion ' academic and trade ' on the question of the appropriate methods of valuing private equity positions and securities which are otherwise illiquid. An interesting recent decision in the Southern District has been brought to our attention. The case is <i>In Re Allied Capital Corp.</i>, CCH Fed. SEC L. Rep. 92411 (US DC, S.D.N.Y., Apr. 25, 2003). Judge Lynch's decision is well written, the Judge reviewing a motion to dismiss by a business development company, Allied Capital, against a strike suit claiming that Allied's method of valuing its portfolio failed adequately to account for i) conditions at the companies themselves and ii) market conditions. The complaint appears to be, as is often the case, slap dash, content to point out that Allied revalued some of its positions, marking them down for a variety of reasons, and the stock price went down - all this, in the view of plaintiff's counsel, amounting to violations of Rule 10b-5.
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