By

Baer Reed
Law-Firm-Outsourcing-How-to-Use-It-Effectively
The idea of outsourcing legal services to a third party initially brought a level of hesitation and uncertainty to law firms, even if they needed the additional support. The ability to work more efficiently with qualified legal professionals, especially those who have been vetted and work in a secure setting, has brought about a change...
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Common Misconceptions about Legal Research Outsourcing
Conducting legal research can be a time-consuming exercise for many attorneys and law firms, especially for firms and corporations with a backlog of work, or organizations dealing with an influx of projects or cases. Legal research outsourcing can free up tasks for attorneys to focus on high-value work. For organizations considering using an LPO, here...
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Joint Defense Privilege Benefits and Risks
Attorneys representing different parties sometimes need to collaborate and share information to further the representation of their clients. When that information would otherwise be protected by the the work-product doctrine or attorney-client privilege, the benefits and potential risks associated with joint defense privilege (also called the common interest doctrine) should be considered. The Potential Advantages...
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Misconceptions Business Due Diligence Outsourcing
Conducting thorough business due diligence can help companies avoid encountering costly surprises after a deal has been finalized. For organizations without dedicated resources to vet potential business deals effectively and efficiently, due diligence can be overwhelming and resource-draining when tackled wholly in-house. If you have not previously considered outsourcing due diligence services, or are apprehensive...
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Mortgage-Compliance-Program-A-Strategic-Function
In the finance industry today, a comprehensive mortgage compliance program is essential, but it is often a challenge operationally. Effective mortgage compliance has many layers within an organization. It is managed daily at the senior management level and integrated throughout the company’s day-to-day activities as a strategic function of the company. The Code of Federal...
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Timeline Legal Aspects of Mergers and Acquisitions
A successful merger or acquisition can be a lengthy process; it is the result of months and sometimes years of careful analysis and planning. While the specific circumstances surrounding each transaction drive the required tasks and the timeline, there are some common legal aspects of mergers and acquisitions that are generally applicable across transactions. Structuring...
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Benefits of Outsourcing Legal Contract Management
Legal contracts and agreements form the basis for business relationships with clients, third-party vendors, business partners, and service providers. Managing legal contracts throughout their lifecycle, rather than simply executing them and filing them away, can help ensure contractual obligations and deadlines are fully met. However, managing contracts can be labor-intensive and time-consuming for legal departments. Outsourcing...
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How To Ensure Legal Document Review Process Comprehensive
The legal document review process can be labor-intensive and needs to be comprehensive in order to comply fully with the requirements of the discovery process. In order to address these needs, a team of contract attorneys is established, or the process is outsourced to an experienced vendor. The document review process is generally carried out...
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streamline-response-legal-issues-in-mergers-and-acquisitions
A streamlined response to a corporate merger or acquisition can benefit all parties. However, in the course of conducting due diligence for the transaction, legal issues in mergers and acquisitions can arise. How the acquiring and target companies respond to those issues can set the stage for a smooth transaction, or a stressful one. These...
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Due Diligence for Commercial Real Estate
Before purchasing any piece of commercial real estate, organizations should be confident that the target property will meet their project and/or transaction objectives, and that they truly understand the precise details of what they are purchasing. Conducting broad and thorough due diligence for commercial real estate transactions is a best practice for several reasons. It can:...
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