Get your magnifying glass out, because this tax overhaul is complicated.
On January 1, the Trump administration’s new tax plan officially became law. Covering nearly 500 pages, the legislation is a behemoth of complexities and minutiae. And since the final version of the bill went from introduction to signing in a breakneck eight days, unravelling the intended—and unintended—ramifications of this new tax code is tricky.
Brace yourself, because the forecast isn't changing anytime soon.
The modern data landscape is trapped in the eye of a raging storm. Private information is being swept away like debris caught in a violent crosswind, and the only options left are to prepare for impact or resign to drowning in the maelstrom.
Let the past fuel your future.
Are your sights set on New Year's resolutions for you law firm? Before you move forward, look back at where you've been. It'll help you understand where you're going.
Go social and go big.
When it first launched, Facebook was written off as a place for young folks to rant and post selfies. It was supposed to come and go in the blink of an eye.
Untangling the mess.
October is a perfect month to frighten a few (um, all) of those problem clients. On All Hallows' Eve, the lawyers of the world (1.3 million of them)1 will make a collective decision to devote their days to yarn bombing around the world. Officials will be confused then overrun with calls to cut through this new red tape. A black market for scissors will quickly develop and rumors will rage that the International Space Station is next. As lawyers perfect their guerilla knitting tactics, clients the world over realize they are really in a tangle now.
Policy and law adapt as new technologies emerge.
Self-driving cars, 3D printing, and the all-encompassing Internet of Things (IoT) are exciting, futuristic frontiers. As with other mass-market technology introduced in the previous century, these advances are fraught with unknowable legal and ethical consequences. It is often left up to the courts and legal professionals to untangle and make sense of this ever-changing landscape.
Hop on the AI wave.
Classic science fiction is full of inaccurate predictions. Humans haven't colonized Venus, families don't own personal rocket ships, and time travel remains a distant dream. But whether we like it or not, machines (like the ones in old sci-fi stories) have taken over millions of human jobs.
Organize, prioritize, and prosper.
Docketing is a critical process for any law firm, from the solo proprietor who only handles real estate closings, to the mega-firm with a broad range of complex areas of practice. The docket function does not produce billable hours; it is invisible to clients. Nevertheless, an incomplete process or failure to follow established protocols can result in claims that harm your firm's reputation and bottom line.
Expand your knowledge. Or just have a quick laugh.
We've combed the news outlets, journals, and professional (and not-so-professional) law blogs to collect the best ideas, news, and hot topics. We've done the legwork so you don’t have to.
Roll with the changes.
The digital landscape is constantly evolving; can your law firm keep up? Check out our infographic for more on the ever-changing world of technology and how it affects the legal profession.