Whenever I tell a client that discounts are the biggest expense at their firm, they invariably defend the reasons why they give discounts. “Discounts are good, because they bring us more business,” they say. Or “Every firm offers a discount, and we have to be competitive.” And “The banks force us to give their clients a discount.” It’s hard to argue with this logic, because there is some truth in all of those statements. Unfortunately for law firms, discounts are a necessary evil. Having said that, there is necessary discounting, and then there is unnecessary discounting. It is the latter that we are concerned about.
Now that all is said and done and the water bio-sand filter is filtering away successfully, I thought it would be a good thing to share the things I would do differently next time – a real bonus for any of you starting out, as it means you can get it right first time!
It goes without saying, that paper based transactions are declining and communication via email are increasing at a rapid rate. The majority, if not all documents, are created digitally. Taking into account current news headlines, a number of in-house legal teams as well as legal firms will be inundated with enquiries regarding their documentation, including the ESI (Electronically Sourced Information).
The KwaZulu-Natal Law Society announces that after noting that Mrs Claudette Sigamoney who resides in Durban, was not registered as an attorney with the society, launched application to the High Court of South Africa, Pietermaritzburg on 24 April 2017 to prevent her from holding herself out to be an attorney.
Two years ago, Joshua Browder launched his DoNotPay chatbot as “the world’s first robot lawyer” to help people fight parking tickets. He later expanded it to provide free legal aid to the homeless, then expanded it again to help refugees seeking asylum in the U.S. and Canada, and earlier this week he announced a massive expansion into another 1,000 legal areas.Today, Browder took it a step further, opening up his platform so that anyone can create a legal bot for free, with no technical knowledge.
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A farmer was sitting in the neighborhood bar getting drunk. A man came in and asked the farmer, "Hey, why are you sitting here on this beautiful day, getting drunk?" The farmer shook his head and replied, "Some things you just can't explain."
The rise of the FinTech industry may herald a significant upheaval to the financial services industry, and significant opportunities (and risks) await those who wish to participate. Novel data processing techniques are a key aspect of many FinTech businesses and with such a rapid pace of innovation, there is a concomitant rise in the risk of data breaches. It is vital for FinTech companies to be aware of their obligations in the event of a data breach.
I used a 44 gallon drum, dark blue, which originally housed glucose syrup for a sweet factory. The darker the container the better, it helps slow down the growth of fungi.