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Future Proofing Your Back Office Operation For the Next Five to 10 Years Image

Future Proofing Your Back Office Operation For the Next Five to 10 Years

Rob Mattern

In this continued age of economic uncertainty and transition for law firms, the back office and support services functions have become an increased target of opportunity. Firms are thinking more strategically about how to reduce and recover back office costs, increase efficiency, and implement newer technologies, all while maintaining or increasing services to the end users.

Features

Finding a Chief Strategy Officer Image

Finding a Chief Strategy Officer

Amanda K. Brady

Just as chief marketing and business development officers came to the fore following the recession, "chief strategy officers" are making their way to the managing partner's cabinet.

Valuation of a Law Firm and a Law Practice Image

Valuation of a Law Firm and a Law Practice

James D. Cotterman

Part One, last month, discussed the current state of law firm valuation, how to determine what it is that is being transferred, and a few of the methods used for valuing a law firm. Part Two will examine a possible solution to the differing valuation methods and look at issues that arise in an external transfer when someone outside of the firm is interested in buying it.

ABA Adopts Cybersecurity Policy Image

ABA Adopts Cybersecurity Policy

Mark Gerlach

The American Bar Association adopted a policy on cybersecurity last month at the 2014 ABA Annual Meeting in Boston.

Features

Word 2013: Better by Design Image

Word 2013: Better by Design

Jeffrey Roach

Hey, wanna know the one rule for a flat stomach? How about the secret $5 wrinkle buster? Spoiler: There is no one rule or $5 secret. But it must be part of the human condition to seek out quick solutions to thorny problems because people keep clicking these ads. This trickles into my little corner of the "teaching Office 2013" world through a seemingly harmless question: Should I turn that off?

Features

Quick Tips for Rankings Success Image

Quick Tips for Rankings Success

Sherry Karabin

Being singled out by one of the research-based legal rankings or directories can be a big client booster, whether it's a practice area or individual lawyers that are recognized. Here's how to achieve those rankings.

Features

Data Breaches and Insurance Coverage Image

Data Breaches and Insurance Coverage

Ellen Farrell & Kathryn Linsky

With the modern technology that allows businesses to do more things on computers and on other electronic devices, efficiencies can be achieved, but unintended negative consequences can also result. When a breach of the data on these devices occurs and confidential information is accessed by unauthorized persons, the financial consequences to the business entity may be substantial.

Features

Settling Matrimonial Cases Image

Settling Matrimonial Cases

Lynne Strober, Gerard Giannetti & Michael K. Diamond

Almost every matrimonial case gets settled ' more than 99%. But remember that one of the trademarks of a good settlement is that both parties are relatively equal in their reaction to it.

Features

The Continuing Evolution of the Basis for Equitable Subordination Image

The Continuing Evolution of the Basis for Equitable Subordination

Grant T. Stein

In June, the Bankruptcy Court for the Southern District of New York issued a 168-page post-trial opinion determining that it would equitably subordinate the claims of SP Special Opportunities LLC against LightSquared. The court reserved for later determination the amount to be equitably subordinated.

Features

Digital Signatures In the Legal Market Image

Digital Signatures In the Legal Market

Eliya Fishman

Automated signing solutions are all around us: at the supermarket checkout; when we receive a package; at the doctor's office. Despite this, paper-based signing still finds its way into our regular operations, and too often remains there unquestioned. Isn't it strange how everyday (aka, convenient) ways of doing things linger despite there being more efficient, faster and cheaper alternatives?

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MOST POPULAR STORIES

  • Risks of “Baseball Arbitration” in Resolving Real Estate Disputes
    “Baseball arbitration” refers to the process used in Major League Baseball in which if an eligible player's representative and the club ownership cannot reach a compensation agreement through negotiation, each party enters a final submission and during a formal hearing each side — player and management — presents its case and then the designated panel of arbitrators chooses one of the salary bids with no other result being allowed. This method has become increasingly popular even beyond the sport of baseball.
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  • Private Equity Valuation: A Significant Decision
    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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    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.
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