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Last month's installment addressed working capital issues including client costs advanced and the capital drain of a growing business. The conclusion of this series discusses retirement and risk tolerance.

Hang Together, or Be Hung Separately: The Collective Compensation Dynamic

This article discusses the integrated approach that is necessary between law firm fees, collection, and lawyer compensation.

Want to Assure Your Firm's Future? Plan for Disaster

The U.S. Department of Labor says most companies that experience a major disaster are out of business within five years, because only 25% of companies have a disaster plan. This article provides guidance as to how your law firm can plan for disaster.

Strategies for Coping with Recession

This article describes several strategies that a managing partner should consider when developing a plan to survive a recession.

Zebra Selects CT TyMetrix 360 for Billing

Zebra Technologies Corporation's legal department has five attorneys, a director of patents and technology, a director of international trade compliance and three administrative assistants. In addition to the matters handled exclusively in-house, Zebra has more than 1,350 matters open at this time. We work with approximately 25 law firms that generate approximately 200 invoices per month. To assist in the management of these documents, we selected CT TyMetrix T360' to help us organize, manage and pay invoices.

January issue in PDF format

Working Capital Issues for the Law Firm

This article explores issues pertaining to cash flow and cash needs of law firms.

Managing Advanced Client Costs and Complying with IRS Rules

If your firm is not treating advanced client costs as loans or assets, then you should form a plan to come into compliance with IRS guidelines.

Reporting on the State of the Firm

This article discusses preparation of a 'State of the Firm' report, which provides owners with an appraisal of the firm's prior years and planning for the coming period.

Addressing Tax Issues Throughout the Year: There Is No Better Time to Start Than Now

Even though 2007 has come and gone, it is not too late ' it is never too late ' to think about tax planning and tax issues affecting your law firm. What still can be addressed now in 2008 that can impact your tax return for 2007? What tax issues can be addressed that can impact 2008? This article provides a list of items to review internally with your financial team and externally with your tax adviser.

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When Is a Repair Structural or Nonstructural Under a Commercial Lease?
A common question that commercial landlords and tenants face is which of them is responsible for a repair to the subject premises. These disputes often center on whether the repair is "structural" or "nonstructural."
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Beach Boys Songs Written Decades Ago Triggered Current Quarrel With Lawyers
There's current litigation in the ongoing Beach Boys litigation saga. A lawsuit filed in 2019 against Nevada residents Mike Love and his wife Jacquelyne in the U.S. District Court for the District of Nevada that alleges inaccurate payment by the Loves under the retainer agreement and seeks $84.5 million in damages.
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Artist Challenges Copyright Office Refusal to Register Award-Winning AI-Assisted Work
Copyright law has long struggled to keep pace with advances in technology, and the debate around the copyrightability of AI-assisted works is no exception. At issue is the human authorship requirement: the principle that a work must have a human author to be eligible for copyright protection. While the Copyright Office has previously cited this "bedrock requirement of copyright" to reject registrations, recent decisions have focused on the role of human authorship in the context of AI.
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Supreme Court Rules Rejection of Trademark License Does Not Rescind Rights of Licensee
Mission Product Holdings, Inc. v. Tempnology, LLC The question is whether a debtor's rejection of its agreement granting a license "terminates rights of the licensee that would survive the licensor's breach under applicable nonbankruptcy law."
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Recently Introduced Bill Would Limit ITC 'Domestic Industry by Subpoena'
Patent infringement disputes in the United States are not only heard in district courts. The U.S. International Trade Commission (ITC) also decides high-stakes intellectual property disputes — with the remedy for the IP rights holder not being damages, but rather an exclusion order that can block a competitor's importation of infringing articles into the U.S. That remedy can be incredibly powerful for companies engaged in stiff competition in the U.S. market.
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