Latitude Legal’s Post

Navigating a Business Deal: Patience and Avoiding Pressure This conversation provides valuable insights on how to navigate a business deal when the contract is being reviewed by an attorney. The key takeaways are to maintain a patient and understanding approach, avoid putting pressure on the other party, and focus on moving the process forward in a constructive manner. #BusinessDeal #ContractReview #PatientApproach #AvoidingPressure

"Will associates engage with resource management software?", "Will they provide updates on their forecasted commitments on a regular basis, when sometimes we even find it difficult to get them all to do their time recording?" I wanted to share a great example I heard last week when a client mentioned that they had surveyed their associates on use of BigHand Resource Management a year on from introducing it. One of the results that really stood out for me was on the questions “how long does it take you to complete your forecast information”. There are of course outliers, however, the results showed on average that associates are finding it to be a 5 minute, weekly task. Perfect! There’s so much we can do with that data, alongside the other intelligence in the system, to promote better outcomes for people, for clients, and for profitability. If you’re interested in some of our Return on Investment stories please do get in touch. We’ve worked very hard to provide the functionality and interface to make this a task that is as easy and light touch as possible, as well as giving everything you need to track, promote, and take action on usage and compliance. We're also there to help with all elements of getting the process right and in managing the change. It's not easy but it is awsome! Vanessa Jerrom Alexandra Trodd Deenah Parmar Dave Cook

Contracts are the backbone of any business relationship. A poorly drafted contract can expose your business to risks and disputes. At Martin Vermaak Attorneys, we ensure that every contract is tailored to protect your interests and prevent potential liabilities. Need advice on drafting or reviewing your business contracts? Contact us today for a consultation. #CommercialLaw #BusinessContracts #LegalAdvice

Top 4 challenges of legal work allocation for partners and associates and how to overcome them. #resourcemanagemet #workallocation #profitability

Ensuring clear communication is key in contract negotiations. How do you achieve clarity in your contracts to avoid misunderstandings? Share your methods for drafting unambiguous terms and ensuring all parties are on the same page. Want to streamline the process? Get a free demo to see how it can help you create clear, concise, and effective contracts. https://lnkd.in/eN47auSH #ContractNegotiation #ClearCommunication #LegalBestPractices #CorporateLaw #InHouseCounsel #LegalProfessionals #ContractManagement #LawPractice #LegalStrategy #LegalTech

In the world of contracts, every single word holds great significance. A well-crafted contract can be instrumental in preventing potential litigation and ensuring smooth business operations. It isn't about drafting an 'ironclad' contract—it is about setting clear expectations, defining terms precisely, and leaving no room for misinterpretation. Investing time in crafting a solid contract now could save you from significant headaches down the line! #CommercialLitigation #LegalSuccess #BusinessLaw

A joint appraisal occurs when parties involved in litigation or a business transaction agree to hire a single expert together. This approach can be advantageous in various scenarios, but can also come with potential drawbacks – it all depends on your situation. Find out whether a joint appraisal is the right choice for you. https://lnkd.in/e6cXHhfC #businesstransaction #businessappraisal #litigationtransaction

GC's #1 strategy for cost-control in 2024? Efficient processes! The Thomson Reuters 2024 State of the US Legal Market report tells us that before they think about bringing the work in-house, asking for discounts, or moving to a lower-cost firm, they are first looking for efficient processes. Mid-size and boutique firms that are focusing on operations and client experience so they can deliver more efficient processes are likely to keep business that may otherwise be lost either to another firm or to in-house hiring. Partners viewing their firm through an entrepreneurial lens know that contract attorney hiring can be a great tool to deliver niche expertise on-demand without raising overhead. #mlaglobal #hireanesquire #midsizelawfirms

If you run a business, consider creating a Business Lasting Power of Attorney. This allows you to appoint someone to make business-related decisions on your behalf if you're unable to do so. Ensure the smooth operation of your business with a designated decision-maker. #HelenLord #WillWriting #BusinessLPA #BusinessContinuity

By tapping into specialized expertise and innovative solutions, your firm can streamline operations, cut costs, and enhance client service. Embrace the future of legal practice with strategic outsourcing and unlock new levels of productivity and success. Ready to make 2025 your most impactful year yet? #LegalOutsourcing #FutureOfLaw #GlocalLPO #LawFirmSuccess #2025AndBeyond #LegalInnovation