It is absolutely feasible for foreigners who are not residents in the country to organize companies in Costa Rica, whether they are Stock Companies or Limited Liability Companies.
This article focuses on the different value-based approaches and what it takes to not just make them work, but thrive. It stresses the need for a true partnership to develop between in-house and outside counsel. When a true partnership is formed, waste is eliminated for in-house counsel, while profits are maintained, and sometimes even enhanced, for outside counsel. The article delves into the need to diverge from the "I hire the lawyer, not the firm" mentality and place emphasis on the product that is the practice group instead. Finally, it touches on a few misconceptions concerning alternative fee arrangements and how to best measure the value from those arrangements.
<p/>This ACC Value Challenge resource is part 3 of a 3 part series. To view the other resources in this series, please click here:</p>
<p class=><a id=CP___PAGEID=1365185| href=/legalresources/resource.cfm?show=1365185>ACC Value Challenge: Facing Up to the Challenge - The Case for Change (Part 1)</a></p><p class=><a id=CP___PAGEID =1365193| href=/legalresources/resource.cfm?show=1365193>ACC Value Challenge: Facing Up to the Challenge - Law Firm Metrics (Part 2)</a></p>
This article focuses on a shift in the billable hour paradigm and how law firms and clients must look forward and focus on the outcomes that are desired, rather than looking backwards at the cost of production. The billable hour has diametrically opposed functions for both sides in the relationship: (1) unit of production and (2) basis of profitability. Not until both sides understand that you can't have the same unit serving dual purposes, will they truly understand alternative fees and value-based relationships. This article delves into what is required to establish a new model for law firm economics.
<p/>This ACC Value Challenge resource is part 2 of a 3 part series. To view the other resources in this series, please click here:</p>
<p class=><a id=CP___PAGEID=1365185| href=/legalresources/resource.cfm?show=1365185>ACC Value Challenge: Facing Up to the Challenge - The Case for Change (Part 1)</a></p><p class=><a id=CP___PAGEID =1365213| href=/legalresources/resource.cfm?show=1365213>ACC Value Challenge: Facing Up to the Challenge - The Transition (Part 3)</a></p>
This article focuses on the end goal of implementing alternative fee arrangements ("AFAs"). Statistics show that more and more firms and in-house counsel are moving their work to some type of AFA, but yet not all of them have a firm understanding as to what they're trying to achieve. This article addresses three basic, attainable, targets that general counsel and law firm leaders alike should keep in mind as they implement and improve their AFAs: (1) reducing the client's total legal costs by a significant amount, (2) providing near-complete predictability in cost and process, and (3) significantly improving outcomes.
<p/>This ACC Value Challenge resource is part 1 of a 3 part series. To view the other resources in this series, please click here:</p>
<p class=><a id=CP___PAGEID=1365193| href=/legalresources/resource.cfm?show=1365193>ACC Value Challenge: Facing Up to the Challenge - Law Firm Metrics (Part 2)</a></p><p class=><a id=CP___PAGEID =1365213| href=/legalresources/resource.cfm?show=1365213>ACC Value Challenge: Facing Up to the Challenge - The Transition (Part 3)</a></p>
While international arbitration has become the preferred means of resolving international commercial disputes throughout the world, complaints about delays and costs have become common. Various arbitral institutions have responded to this by offering an option to conduct arbitrations on an expedited or "fast-track" basis.However, while expedited procedures have been taken up with enthusiasm, they are not suitable for every type of dispute, as Ben Giaretta and Michael Weatherley explain.
An article which looks at the impact of the Jackson reforms which came into affect on the 1st of April 2013.
A spotlight on the widening of the UK Bribery Act and the potential impact on Indian companies.
Learn about practical solutions that can help your organization foster responsible content sharing among employees and limit risks of copyright violations by the organization's employees.
Squire Sanders associate Oliver Howley authored an article recently published in Sports Law Administration & Practice. This article explains two landmark judgments on the scope and interpretation of copyright and competition law in the sports industry. This article is reused with the permission of Sports Law Administration & Practice.
"Endeavours" clauses, whether described as "all reasonable endeavours", "best endeavours" or "reasonable endeavours", have resisted a fixed definition in case law: their meanings are derived from the context of the relevant contract, rather than from decisions in previous cases. However, recent case law from Singapore and Australia has provided some general guidance on the interpretation of such clauses. This article examines these decisions and provides some practical tips for drafting such clauses.