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How Small Firms Can Upgrade Hardware While Keeping Costs Down
Small firms may lack the buying power of larger practices, but does that mean they must always fall short when it comes to hardware purchases and upgrades? Technology vendors' "small medium business" (SMB) market is growing, and they're designing products with configurations that focus on networking and productivity, not entertainment and games. David Whelan, director of the Cincinnati Law Library Association, offers six tips to maximize your purchasing power and avoid buying blunders.Create a Conference Center Showplace
A conference center showplace isn't cheap. The investment can reach seven figures or more. But there are options that enable you to substantially lower the cost without sacrificing important functionality. Just make sure you know what's most necessary and what you can do without. From wireless connectivity to the "security bubble," a law firm CIO takes you through the process.Put Your Patents Where Your Pants Are
Burlington Industries, a Greensboro, N.C., textile company, is in bankruptcy, but is pinning its hopes for recovery on a revolutionary new line of "smart" fabrics using nanotechnology. The smartest thing about Burlington's strategy is that it won't be actually making these fabrics. The company is weaving IP deals, not cotton, with the help of John Englar, Burlington's vice president of corporate development and law.Covenant-Lite Loans Rise Again
In their Secured Transactions column, Alan M. Christenfeld, senior counsel at Clifford Chance, and Barbara M. Goodstein, a partner at Mayer Brown, write: Investors' hunger for yield in the post-recession years in U.S. financial markets has led to a number of trends, and as many leveraged lending lawyers can attest, the big one in 2013 has been the proliferation of covenant-lite institutional term loans. It remains to be seen how long this market will remain hot, whether regulators will take steps to reign it in or what effects it could have on the economy if default rates rise in the future.New FTC Blogging Rules Pose Risks for Corporate Advertisers
Shari Claire Lewis, a partner at Rivkin Radler, discusses the FTC's changes to its formal guidance to advertisers as to the steps necessary to keep their endorsement and testimonial ads from running afoul of the Federal Trade Commission Act and its potential consumer protection liabilities. The most significant and practical issue raised by the updated Guidance is the liability risk corporate advertisers now face when relying on or working through social media, such as blogs in word-of-mouth marketing campaigns.Trending Stories
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