Legal Funding Journal’s Post

Welcome back, Legal Professionals! As we embark on the new year, there is much to anticipate. Our commitment to product innovation remains steadfast, and we have some thrilling new content and releases on the horizon. We have compiled a summary of our 2023 Legal Industry Research to provide you with insights, tips, and tools that you can leverage in the new year to exceed your clients’ expectations! Get our FREE Report now to unlock insights into: ✅ Crafting your professional image in the legal market ✅ The impact of technology on client relationships ✅ Servicing, Pricing and the Pandemic key insights ✅ Going forward, what does the future hold? The research results were gathered from over 420 respondents who had recently used legal services, and segmented across different client groups: Business, Personal, Potential clients, and In-house counsel's clients. Download the FREE Report Today by clicking the link below: https://loom.ly/UDU_cK8 #LexisNexisNZ #Legal #Research #RuleOfLaw #Law #LexisNexis

Thanks again to our clients and kudos to the whole team for achieving again top ratings for "EU and Competition" even in Legal 500 (again both at the firm and individual levels). Great results for Skils law firm and my colleagues also in other areas! #competition #antitrust #rankings #legal500 ##lawfirms

Embracing Backward Integration: A Strategic Move for Modern Law Firms In the rapidly evolving landscape of legal services, backward integration emerges as a strategic approach for law firms aiming to innovate and streamline their operations. This concept, although more common in manufacturing and product-focused industries, is finding its relevance in the legal sector, particularly as firms seek to enhance efficiency and client service. Backward Integration: Definition and Application in Legal Services Backward integration refers to a business strategy where a company expands its role to fulfill tasks traditionally done by businesses up the supply chain. In the context of law firms, this translates to incorporating processes or services that were previously outsourced or handled by separate entities. This approach is about law firms taking control of all or part of the services that would typically be provided by alternative legal service providers (ALSPs) or other third-party vendors. The rationale behind law firms adopting backward integration lies in the desire to offer more comprehensive services to clients, red... #BusinessStrategy #competitiveadvantage #efficiency #embracingbackwardintegration #integration #lawpractice #legalindustry #modernlawfirms #strategicmove

SYROTA DZIS MELNYK & PARTNERS is recognized in the international ranking THE LEGAL 500 EMEA 2024 🔔 The well-known English guide of the best law firms The Legal 500 has presented the results of its research in 2024. In the updated list, our law firm is recognized in nine nominations. Among the practices recognized by the ranking:   International trade  📌  “Real estate and construction”  📌 “Banking, finance and capital markets”  📌 “Commercial and corporate law and M&A”  📌 “Employment”  📌 “Intellectual property”  📌 “Private client”  📌 “Taxation”  📌 “White-collar crime” Dmytro Syrota and Serhiy Dzis, as practice heads, were recognized in these categories. 📍 Results of the research THE LEGAL 500 EMEA 2024: 👉 http://surl.li/sfayo. It should be noted that Syrota, Dzis, Melnyk & Partners provides a full range of legal services in all regions of Ukraine, as well as abroad through partnerships with leading local firms. The firm's clients include many leading international and local businesses. THE LEGAL 500 EMEA, which presents the eminent ranking, conducts its analytical research of the legal services market every year. Traditionally, they also consider the Ukrainian market. The main mission of THE LEGAL 500 is to help lawyers and legal teams find qualified advisors in various areas of expertise. The website of the ranking publishes legal materials that are free and open to everyone. The ratings, which are published annually, are based on the feedback of more than 300 thousand professionals. In addition, the rankings take into account the achievements in the legal field. This means winning cases and achievements of lawyers in their respective practices and industries. 🙌 We are grateful to our colleagues, partners and clients for their trust and effective joint work, the results of which are recognized in international rankings.

Commercial Law: Key Legal Principles and Applications for Businesses Commercial law encompasses the legal principles that govern business transactions and commercial activities. It provides the framework within which businesses operate, ensuring that transactions are conducted fairly and legally. Understanding these principles is crucial for businesses to navigate the legal landscape effectively and avoid potential disputes. The Foundations of Commercial Law Commercial law, also known as business law, covers a broad range of legal topics that impact businesses. These include contracts, sales, agency, and commercial paper. The primary goal of commercial law is to facilitate business transactions and provide a legal framework that promotes fair dealing and competition. 1. Contracts: Contracts are the cornerstone of commercial law. They are legally binding agreements between parties that outline the terms and conditions of a business transaction. Understanding contract law is essential for businesses to create, negotiate, an... #businesscompliance #businesslaw #businessregulations #commercialcontracts #commerciallaw #commerciallegalapplications #commerciallitigation #commercialtransactions #corporatelaw #legaladviceforbusinesses #legalframeworksforbusinesses #LegalPrinciples

Launching a business is an adventure, and like any good adventure, preparation is key. Make sure you're legally set from the start—It makes all the difference! #LongIslandLawyer #LawyersofLongIsland #LongIslandBusinessAttorneys

Read about the key legal developments that occurred in December 2023 in our latest DSK Legal 𝗠𝗼𝗻𝘁𝗵𝗹𝘆 𝗡𝗲𝘄𝘀𝗹𝗲𝘁𝘁𝗲𝗿. Please click on the link to read :- https://lnkd.in/gaX59Jsh #knowledgemanagement #knowledgesharing #legalupdates #legalnews #newsalert #newsletter #lawfirm #dsklegal

Small and medium law firms in Australia and New Zealand are facing a perfect storm of resource constraints. From financial pressures to technological gaps, these firms are balancing resource constraints to keep pace with industry changes. But there's hope! Legal Process Outsourcing (LPO) is emerging as a game-changer, offering solutions to tackle financial, tech, talent, and time challenges. By embracing LPO, firms can access cutting-edge tech, reduce costs, and focus on high-value work. It's time for Law firms to think outside the box and ride the wave of innovation. Are you ready to navigate the storm? #LegalInnovation #LegalProcessOutsourcing #SME #LawFirms #legaltechau #FutureOfLaw #lawchallenges #legaldisruption https://lnkd.in/gaUdCgFR

Unlocking the Power of Exclusion Clauses: Navigating the Legal Battlefield It is not unusual for contractual parties to include exclusion clauses in contracts to manage risks and responsibilities for their businesses. However, do you ever wonder whether such a clause will be valid when it is brought to court? Today, let's dive in to discuss its enforceability, particularly in light of recent judgments made by Malaysian courts. Malaysian courts, in their pursuit of fairness and justice, tend to carefully consider clauses, particularly when one party holds more power. For a clause to be enforceable, it must be unambiguous, clear, and effectively communicated. This requires the use of clear and explicit language, especially when one party seeks to limit its liability and negligence. Ambiguity in the clause can restrict who benefits from it and may lead to its interpretation against the party relying on it. Nevertheless, despite having a well-drafted clause, there is no guaranty of its validity. A party cannot indemnify itself against liability for its own fraud or where the clause goes beyond the rule against penalties as by imposing a substantial penalty for a breach of a minor occurrence. Parties, too, are not allowed to contract on terms that lead to contracts losing their legal features or that contradicts the public policy. What is the landmark case law? 👉 CIMB Bank Bhd v Anthony Lawrence Bourke & Anor [2019] 2 MLJ 1, the Federal Court held that an absolute exclusion clause that completely restricts a party from enforcing any rights under the contract would be invalid. Such a clause infringes Section 29 of the Contracts Act 1950 that prohibits parties to enforce rights through legal proceedings. According to the court, it was an ouster of the court’s jurisdiction and was against public policy. 👉 Nevertheless, the latest instance where there was a striking difference is in TNT Express Worldwide (M) Sdn Bhd v Mega Security Devices (M) Sdn Bhd [2023] 7 MLJ 284. Unlike the CIMB Bank case, the exclusion clause did not totally bar them from seeking court remedies. Instead, the parties only agree to restrict liability to a certain amount of money per kilogram of the consignment. In this case, the High Court acknowledged that an exclusion clause could be valid if the agreed term is agreed upon by the parties and lawful. In conclusion, the recent judicial rulings by Malaysian courts exposed a growing need for fair and transparent practices in drafting exclusion clauses. It's crucial for both the public and companies to seek legal advice in this process. Experienced legal professionals can help ensure that these clauses are enforceable while also balancing risk management with legal compliance and fairness. Feel free to reach out to us if you have any questions. p/s: Thank you, Min Han P. for the research. RDS Partnership

Understanding and Amending Legal Documents: A Comprehensive Guide Legal documents form the backbone of all regulatory, personal, and business activities. Knowing how to amend legal documents efficiently and correctly is crucial for compliance, accuracy, and the protection of rights and interests. Case Studies or Examples One vivid example of the need for amending legal documents can be seen in corporate mergers. When two companies combine, numerous contracts, from vendor agreements to leases, require updates. These amendments ensure that all terms reflect the new corporate entity's structure and obligations. For instance, if Company A merges with Company B, all contracts listing Company A as a party need revisions to include or replace it with the new corporate identity. Another example is in family law, where post-divorce modifications to child custody agreements are often necessary. Changes in circumstances such as relocation, income changes, or health issues can all necessitate document amendments to serve the child's best interests. ... #complianceupdates #contractamendment #corporatemergers #documentmanagementsoftware #electronicsignatures #familylawmodifications #GDPRcompliance #legaldisputes #legaldocuments #notarization #privacypolicyamendment #shareholderapproval