# Practus, LLP > A Law Firm With a New Perspective ## Pages - [FAQ](https://practus.com/join-us/faq/) - [Join Us Test](https://practus.com/join-us-test/) - [Community and Culture](https://practus.com/community-and-culture/): Practus Playlist Tune in to our very own Practus Playlist made up of favorite songs and artists from our team!... - [The Guide to Practicing Law Virtually](https://practus.com/the-guide-to-practicing-law-virtually/): Get the 10 Step Guide to Start Practicing Law Virtually The 10 step guide will give you the information needed... - [Disclaimer](https://practus.com/disclaimer/): ADVERTISING DISCLAIMER Legal Notice Practus, LLP operates as a Delaware limited liability partnership. Practus, LLP’s U. S. state law practice... - [Our Story](https://practus.com/our-story/) - [Locations](https://practus.com/locations/) - [Join Us](https://practus.com/join-us/) - [News](https://practus.com/news/): Get Practus News direct to your inbox! - [Industries](https://practus.com/industries/) - [Practice Areas](https://practus.com/practice-areas/) - [Attorneys](https://practus.com/attorneys/) - [Contact Us](https://practus.com/contact-us/): Questions About Practus Marketing? Check out our Advertising Disclaimer here. - [Team](https://practus.com/team/) - [About](https://practus.com/about/) - [Homepage](https://practus.com/) - [Privacy Policy](https://practus.com/privacy-policy/): PRACTUS PRIVACY POLICY Practus LLP operates this website and has created this Privacy Policy to inform you of Our collection, use and... ## Posts - [Could Zara’s “Death Trousers” Walk Into Legal Trouble?](https://practus.com/could-zaras-death-trousers-walk-into-legal-trouble/): Zara’s wide-leg pants may be trending for all the wrong reasons — but could a viral fashion mishap become a... - [Practus Earns National Chambers USA Ranking for Registered Funds](https://practus.com/practus-earns-national-chambers-usa-ranking-for-registered-funds/): Firm recognized in Chambers USA 2026 guide for its Registered Funds practice (New York, NY) – Practus LLP earned a... - [FINRA's Enforcement Review: Procedural Reforms Ahead, Rule 8210 Obligations Unchanged](https://practus.com/finra-enforcement-review-rule-8210-obligations/): FINRA’s June 30, 2026 report does not amend any rule. It does, however, identify process points that broker-dealers, associated persons,... - [Cross-border Medical Practice Sale Closes Despite Global Disruptions and Government Shutdowns](https://practus.com/cross-border-medical-practice-sale-closes/): Creative deal structuring, strategic problem-solving, and patient cross-border coordination helped bridge language, cultural, and Japan–U. S. time-zone gaps to bring... - [Beyond the Pitch: Behind-the-Scenes Legal News of the World Cup ](https://practus.com/beyond-the-pitch-behind-the-scenes-legal-news-of-the-world-cup/): The 2026 FIFA World Cup is already in the elimination stages in North America, with matches taking over stadiums across the US,... - [Steve Young Awarded Highest Peer Review Rating](https://practus.com/steve-young-awarded-highest-peer-review-rating/): Practus Litigation Chair, Steve Young has been named an AV Preeminent Lawyer. This is the highest possible Martindale-Hubbell Peer Review... - [FINRA Enforcement After Smith v. SEC: What the Sixth Circuit’s Jarkesy Roadmap Means for Broker-Dealers ](https://practus.com/finra-enforcement-smith-sec-jarkesy-constitutional-challenges/): Preserving Seventh Amendment and Article III Challenges in FINRA Disciplinary Proceedings How Smith v. SEC fits with SEC v. Jarkesy,... - [Michael Greene Helps Broker-Dealer Navigate FINRA Enforcement Action](https://practus.com/finra-enforcement-broker-dealer-supervisory-deficiencies-client-win/): I recently represented a broker-dealer in connection with a FINRA enforcement action involving deficiencies in the firm’s supervisory processes for... - [Timothy Spangler and Steven Young Published in California’s Daily Journal](https://practus.com/timothy-spangler-and-steven-young-published-in-californias-daily-journal/): California’s premier legal news publication, the Daily Journal, featured an article by Practus partners Timothy Spangler and Steven E. Young... - [How Intentional Collaboration Redefines Holistic Legal Services at Modern Law Firms ](https://practus.com/how-intentional-collaboration-redefines-holistic-legal-services-at-modern-law-firms/): For many businesses, legal services are viewed as a “break-fix” expense: a reactive cost or an operational barrier you only engage... - [Six Minutes with... John Grady](https://practus.com/six-minutes-with-john-grady/): 1. How do you define your legal practice and typical clients? Bottom line, I am an investment management lawyer. My practice is focused... - [Elliot Belilos Named to Arlington Senior Babe Ruth Board of Directors](https://practus.com/elliot-belilos-named-to-arlington-senior-babe-ruth-board-of-directors/): ARLINGTON, Va. — From shortstop to second base to coaching, Practus attorney Elliot Belilos has had a mitt in baseball... - [SEC Risk Alert Puts Adviser Economic Conflicts Front and Center](https://practus.com/sec-risk-alert-adviser-economic-conflicts-cash-sweeps-fee-billing/): The Security and Exchange Commission’s (SEC) Division of Examinations issued a Risk Alert June 9, 2026. It’s titled Examination Observations... - [What the SEC’s DiPaola Opinion Means for FINRA Rule 8210 Requests ](https://practus.com/what-the-secs-dipaola-opinion-means-for-finra-rule-8210-requests/): Executive Summary: What the SEC’s DiPaola Opinion Means for FINRA Rule 8210 Requests In its May 28, 2026 opinion in... - [SpaceX and the SPV Effect - What Investors Need to Know](https://practus.com/spacex-and-the-spv-effect-what-investors-need-to-know/): SpaceX debuts on the Nasdaq Friday, June 12 and its $75B raise is expected to be the largest IPO on... - [Financial Times Quotes Timothy Spangler on Digital Investor Access to U.S. Tech IPOs](https://practus.com/financial-times-quotes-timothy-spangler-on-digital-investor-access-to-u-s-tech-ipos/): Practus partner Timothy Spangler was quoted in Financial Times for its June 10 article, “Chinese Investors Turn to Digital Bets... - [Tokenization Is Moving Into the Mainstream—What Fund Boards Need to Know Now](https://practus.com/tokenization-is-moving-into-the-mainstream-what-fund-boards-need-to-know-now/): Practus Partner Timothy Spangler joins ISS Corporate’s Joe Frelix to break down where tokenization stands today—and why “wait and see”... - [FINRA Expands Rapid Remediation Program: What Broker-Dealers and Compliance Officers Need to Know](https://practus.com/finra-expands-rapid-remediation-program-what-broker-dealers-and-compliance-officers-need-to-know/): On May 11, 2026, FINRA announced an expansion of its Rapid Remediation program, reinforcing its focus on identifying and addressing... - [From Course to Compass: Eight Years of Practus ](https://practus.com/from-course-to-compass-eight-years-of-practus/): Eight years ago, we set out with a clear destination in mind: to build a modern law firm that stripped away the... - [SEC No-Deny Policy Rescinded: What It Means for Enforcement Settlements](https://practus.com/sec-no-deny-policy-rescinded-what-it-means-for-enforcement-settlements/): How the SEC’s no-deny policy change affects enforcement actions, settlements, litigation, and reputational risk On May 18, 2026, the Securities... - [Practus Congratulates Themes on Launch of Eleven New ETFs](https://practus.com/practus-congratulates-themes-on-launch-of-eleven-new-etfs/): Longtime Practus client Themes ETFs reached another milestone with the launch of eleven exchange-traded funds (ETFs). To mark the occasion,... - [Built to Navigate: The Practus Approach to Modern Legal Service ](https://practus.com/built-to-navigate-the-practus-approach-to-modern-legal-service/): In maritime navigation, precision instruments are necessary for a successful voyage. A crew might have the best intentions, but without... - [Tim Billick to Speak at Creators’ Conference in Seattle](https://practus.com/tim-billick-to-speak-at-creators-conference-in-seattle/): Cre8te Summit 2026 will take place in Seattle on May 14–15. This two-day conference is designed to help creators, founders,... - [Changing Tides: What’s Reshaping the Legal Industry ](https://practus.com/changing-tides-whats-reshaping-the-legal-industry/): In the maritime world, the most dangerous conditions aren’t necessarily the visible storms. The changing tides, created by powerful underwater shifts, can pull a vessel off course... - [Setting the Course: How Practus Was Built Differently ](https://practus.com/setting-the-course-how-practus-was-built-differently/): For eight years, Practus LLP has helped attorneys and clients navigate an evolving legal landscape: one shaped by shifting expectations, rapid technological... - [Beyond Legal Advice: Why ETF Sponsors Need Strategic Counsel, Not Just Outside Counsel ](https://practus.com/beyond-legal-advice-why-etf-sponsors-need-strategic-counsel-not-just-outside-counsel/): Series: This is the third installment in our ETF innovation series. Read the earlier posts: From First-to-Market to First-to-Scale: What... - [Practus and Harneys to Host Webinar on Latest Private Fund Trends in Cayman and BVI ](https://practus.com/practus-and-harneys-to-host-webinar-on-latest-private-fund-trends-in-cayman-and-bvi/): Private Funds in Cayman and BVI – Latest Trends for U. S. Fund Managers | May 27 | 11:30 a. m.... - [Six Minutes with... Maxi Lyons](https://practus.com/six-minutes-with-maxi-lyons/): 1. How do you define your legal practice and typical clients? I focus on building, protecting, and optimizing businesses —... - [The New ETF Frontier: Digital Assets, Tokenization, and the Regulatory Tightrope](https://practus.com/the-new-etf-frontier-digital-assets-tokenization-and-the-regulatory-tightrope/): Innovation is Easy. Approval is Not Digital assets are having a moment. But for ETF sponsors, in addition to the... - [Practus LLP to Participate in Ultimus Client Summit, Sharing Operational Insights on Retail Alternatives](https://practus.com/practus-llp-to-participate-in-ultimus-client-summit-sharing-operational-insights-on-retail-alternatives/): Grapevine, TX — Practus LLP will participate in the Ultimus Client Summit, hosted by Ultimus Fund Solutions, April 22–24, 2026.... - [From First-to-Market to First-to-Scale: What It Really Takes to Launch Innovative ETFs Today](https://practus.com/from-first-to-market-to-first-to-scale-what-it-really-takes-to-launch-innovative-etfs-today/): The ETF Market Rewards Speed—But Punishes Missteps Being first-to-market matters in the ETF environment. But being first with the wrong... - [Tim Billick Tackles Copyright Law in the Age of AI ](https://practus.com/tim-billick-tackles-copyright-law-in-the-age-of-ai/): Seattle, WA — When it comes to content creation, courts are scrambling to keep up with the impact Generative AI is having and answer the... - [Jess Collen for Forbes: The Supreme Court Decision Every Trademark Owner and Influencer Needs to Know About ](https://practus.com/jess-collen-for-forbes-the-supreme-court-decision-every-trademark-owner-and-influencer-needs-to-know-about/): The U. S. Supreme Court’s unanimous decision in Cox v. Sony could reshape liability for influencers and online promoters. The High Court... - [Steven Young Nabs Top-Rated Lawyer Rating](https://practus.com/steven-young-nabs-top-rated-lawyer-rating/): Practus Litigation Chair Steven Young has earned the Martindale-AVVO 2026 Superb Attorney Rating. A “Superb” lawyer rating means Young scored... - [Women in Law: The Leaders Behind the Business of Practus ](https://practus.com/women-in-law-the-leaders-behind-the-business-of-practus/): March is Women’s History Month, which provides a moment for industries across the world to reflect on the evolving opportunities for professional women. It’s a time to celebrate progress and contributions... - [Six Minutes with... Tanya Foreman](https://practus.com/six-minutes-with-tanya-foreman/): 1. How do you define your legal practice and typical clients? I serve as outside general counsel to new and... - [Why Having ChatGPT Write Your Contracts or Downloading Them From the Internet Won’t Save You Money](https://practus.com/why-having-chatgpt-write-your-contracts-or-downloading-them-from-the-internet-wont-save-you-money/): I encounter this a lot in my practice: clients who pull a contract from the internet (or have ChatGPT create... - [Four Takeaways from the 2026 NALSC Annual Conference in New Orleans](https://practus.com/four-takeaways-from-the-2026-nalsc-annual-conference-in-new-orleans/): The 2026 National Association of Legal Search Consultants (NALSC) just held their annual conference in New Orleans. We love to... - [Tanya Foreman Speaks to University of North Florida Business Students](https://practus.com/tanya-foreman-speaks-to-university-of-north-florida-business-students/): (Jacksonville, FL) Practus attorney Tanya Foreman brought her business expertise to the University of North Florida, March 5. Professor John... - [SCOTUS Ruling Opens Possibility for Import Tariff Refunds ](https://practus.com/scotus-ruling-opens-possibility-for-import-tariff-refunds/): If you’re a company who paid tariffs, you might be eligible for tariff refunds. But we won’t know for sure... - [The Quiet Rewiring of the Legal Market: What Recruiters and Lateral Partners Should Be Watching in 2026 ](https://practus.com/legal-recruiting-trends-2026-pricing-leverage-technology/): If you look only at the headline numbers, the legal industry appears untouchable. Demand remains elevated across both transactional and... - [When the Best Offense is a Fantastic Defense - Tim Billick's Client Win](https://practus.com/when-the-best-offense-is-a-fantastic-defense-tim-billicks-client-win/): Tim Billick was not the first attorney his client sought out, but he was the last. A competitor sent his... - [Practus’ Valerie Spengler: Future of Legal Tech at 2026 NALSC](https://practus.com/practus-valerie-spengler-future-of-legal-tech-at-2026-nalsc/): Chief Innovation & Strategy Officer, Valerie Spengler will speak at the 2026 NALSC: National Association of Legal Search Consultants Annual... - [Six Minutes with... Andrew Vining](https://practus.com/six-minutes-with-andrew-vining/): 1. How do you define your legal practice and typical clients? I define my practice as a partnership between myself... - [Huddle Up: Considerations When referring to the “Super Bowl” ](https://practus.com/huddle-up-considerations-when-referring-to-the-super-bowl/): I’m sure Google is overrun with the query: “Can I say the words ‘Super Bowl’ in my ad without getting... - [Two Trends in ETFs Ray Holst expects in 2026 ](https://practus.com/two-trends-in-etfs-ray-holst-expects-in-2026/): It’s no secret that 2025 set records for U. S. ETFs, pulling in more than $1T in fund inflows. Record inflows at a... - [Timothy Spangler Quoted in Sondhelm Partners’ Hedge Fund Marketing Guide](https://practus.com/timothy-spangler-quoted-in-sondhelm-partners-hedge-fund-marketing-guide/): Hedge funds can use marketing to educate investors – as long as they play within the rules. Sondhelm Partners is... - [Practus Client, Yorkville America, LLC, Rings Opening Bell at NYSE](https://practus.com/practus-client-yorkville-america-llc-rings-opening-bell-at-nyse/): (New York, NY) Yorkville America Equities, LLP, a client of Practus, celebrated its recent listing of five new Truth Social Funds (NYSE Arca: Truth Social American Security... - [Timothy Spangler Interviews ISS-Corporate’s Melissa Noon on Why 15(c) Boards Need Data](https://practus.com/timothy-spangler-interviews-iss-corporates-melissa-noon-on-why-15c-boards-need-data/): In my years of advising fund managers, and fund boards, I’ve seen that often, what separates great decisions from sub-optimal decisions, is having context and being able... - [Six Minutes with... Valerie Spengler](https://practus.com/six-minutes-with-valerie-spengler/): We want to introduce you to Valerie, who has changed roles at Practus. She is trading her V. P. of... - [Why was NASCAR sued? Steve Young explains Antitrust Lawsuit ](https://practus.com/why-was-nascar-sued-steve-young-explains-antitrust-lawsuit/): What is Michael Jordan’s Lawsuit against NASCAR about? In 2024, a NASCAR race team owned by basketball great Michael Jordan,... - [Andrew Vining to Speak on What Businesses Need to Know about ICE raids](https://practus.com/andrew-vining-to-speak-on-what-businesses-need-to-know-about-ice-raids/): Practus partner, Andrew Vining, will be part of a panel for an upcoming joint CLE presentation: “Navigating Enforcement Crises: What... - [New Legal Team from Washington State Joins Practus](https://practus.com/new-legal-team-from-washington-state-joins-practus/): We are starting 2026 with a bang here at Practus with the addition of our new legal team from Washington... - [Scalability Solved: Why Your Law Firm’s Technology Is a Competitive Advantage ](https://practus.com/scalability-solved-why-your-law-firms-technology-is-a-competitive-advantage/): Entrepreneurial attorneys have always driven innovation in the legal industry, but their ability to scale was historically constrained by law firm technology... - [Jess Collen for Forbes: Will AI make Decision on Sony v. Cox Outdated Before it Even Issues?](https://practus.com/jess-collen-for-forbes-will-ai-make-decision-on-sony-v-cox-outdated-before-it-even-issues/): Sony accuses Cox Communications of helping infringers pirate some of the most popular musical works of our time by allowing... - [Introduction to Purchase Transactions Part III: The What and Why of Representations and Warranties Insurance](https://practus.com/introduction-to-purchase-transactions-part-iii-the-what-and-why-of-representations-and-warranties-insurance/): Seller’s R&Ws In nearly every purchase transaction, each party makes representations and warranties (R&Ws) to their counterparty. Common examples of... - [Six Minutes with... Christopher Lange](https://practus.com/six-minutes-with-christopher-lange/): 1. How do you define your legal practice and typical clients? I tend to work with founder led companies but... - [Introduction to Purchase Transactions Part II: Top 5 Considerations When Drafting an Indemnification Clause in an Acquisition Agreement](https://practus.com/introduction-to-purchase-transactions-part-ii-top-5-considerations-when-drafting-an-indemnification-clause-in-an-acquisition-agreement/): The indemnification clause is one of the most critical—and often most negotiated—provisions in an acquisition agreement. Its principal purpose is... - [Dramatic Growth at Practus Spurs Leadership Change ](https://practus.com/dramatic-growth-at-practus-spurs-leadership-change/): Christopher Lange Named Deputy Managing Partner Acting General Counsel, Christopher Lange is taking on a larger role at Practus LLP,... - [Introduction to Purchase Transactions Part I: Five Most Common R&Ws in Purchase Agreements](https://practus.com/introduction-to-purchase-transactions-part-i-five-most-common-rws-in-purchase-agreements/): In a purchase agreement, a representation is an assertion of fact made by one party to another as an inducement... - [Kevin Kercher Hands Out High Tech Deals Award](https://practus.com/kevin-kercher-hands-out-high-tech-deals-award/): (St. Louis, MO. ) Practus IP Attorney, Kevin Kercher, attended the Licensing Executives Society’s Annual Business Meeting. As the High-Tech... - [Six Minutes with... Dan Barham](https://practus.com/six-minutes-with-dan-barham/): 1. How do you define your legal practice and typical clients? My practice is threefold. First, I have a history... - [JPMorgan’s Charlie Javice Problem & 5 Things that Would’ve Prevented it ](https://practus.com/jpmorgans-charlie-javice-problem-5-things-that-wouldve-prevented-it/): Summary: Charlie Javice & Frank Charlie Javice was considered a wunderkind in 2017. That’s the year she founded Frank –... - [Six Minutes with... Chad Kaffer](https://practus.com/six-minutes-with-chad-kaffer/): 1. How do you define your legal practice and typical clients? My practice generally involves anything you can do with... - [Practus: Best Law Firms 2026](https://practus.com/practus-best-law-firms-2026/): Practus is pleased to announce it ranked in Best Law Firms ® of 2026. This distinction recognizes Practus’ excellence and client-centric approach to practicing... - [Practus Doubles Intellectual Property Practice](https://practus.com/practus-doubles-intellectual-property-practice/): Practus LLP is doubling the size of its Intellectual Property practice and significantly expanding its trademark prosecution capabilities, with the... - [Building Your Workday Gameplan: A Playbook for Attorneys in the Modern Law Firm Model ](https://practus.com/building-your-workday-gameplan-a-playbook-for-attorneys-in-the-modern-law-firm-model/): Every great team walks onto the field with a gameplan, and that includes legal teams. For attorneys at modern law... - [Andrew Vining to Speak to Small Businesses at HIIVE Program ](https://practus.com/andrew-vining-to-speak-to-small-businesses-at-hiive-program/): (Charlotte, NC) Andrew Vining will bring his business and legal expertise to a group of entrepreneurs participating in Charlotte Center... - [Six Minutes with... Bernard Hooper](https://practus.com/six-minutes-with-bernard-hooper/): Editor’s note: Full confession; this may take you longer than six minutes to read. But when you have a story... - [What Bernard Hooper Wishes You Knew About Hiring a Lawyer ](https://practus.com/what-bernard-hooper-wishes-you-knew-about-hiring-a-lawyer/): Law is Specialized and Lawyers have Specialties Legal services are specialized in much the same way that medical services are... - [Is Trader Joe's Ready for This Jelly? Smucker's sues TJ's for Trademark Infringement in Ohio](https://practus.com/is-trader-joes-ready-for-this-jelly-smuckers-sues-tjs-for-trademark-infringement-in-ohio/): As an avid PBJ aficionado, every single algorithm stuffed me with this story. I. Legal Framework In the 6th Circuit,... - [Robert Elwood to Speak at Symposium on Retaining Women Lawyers](https://practus.com/robert-elwood-to-speak-at-symposium-on-retaining-women-lawyers/): (New Haven, CT) Robert Elwood will participate in an upcoming symposium hosted by the Connecticut Bar Foundation that will delve... - [Karen Aspinall Quoted In Chief Investment Officer About AI Use](https://practus.com/karen-aspinall-quoted-in-chief-investment-officer-about-ai-use/): Karen Aspinall, the financial services practice area chair at Practus LLP, was interviewed along with several other industry experts about... - [Practus LLP Attorney Advises Polen Capital on Launch of $100 Million ETF](https://practus.com/practus-llp-attorney-advises-polen-capital-on-launch-of-100-million-etf/): NEW YORK (Oct. 3, 2025) — Practus LLP partner and tax attorney Raymond Holst (Polen Capital Management, LLC in the... - [Six Minutes with... Scott Lloyd](https://practus.com/six-minutes-with-scott-lloyd/): 1. How do you define your legal practice and typical clients? My legal practice is that of an outside general... - [Ray Holst Represents Strive Asset Management in Deal to Form First Publicly Traded Bitcoin Treasury Company ](https://practus.com/deal-to-form-first-publicly-traded-bitcoin-treasury-company/): NEW YORK, NY (Sep. 15, 2025) — Strive Enterprises, Inc. , and Asset Entities Inc. (NASDAQ: ASST) recently completed a merger... - [From the Brink of Litigation to Transaction: Mark Belongia, William Firth and Maxi Lyons’ Win-Win-Win](https://practus.com/from-the-brink-of-litigation-to-transaction-mark-belongia-william-firth-and-maxi-lyons-win-win-win/): (Chicago, IL) When the CEO of a long-time Chicago business first engaged Practus, it is because he thought he needed... - [When Cuteness Clashes with Commerce: Inside Pop Mart’s IP Lawsuit Against 7-Eleven](https://practus.com/when-cuteness-clashes-with-commerce-inside-pop-marts-ip-lawsuit-against-7-eleven/): Every generation has some nightmare-inducing cuddly critter. (See, e. g. , Tickle-Me-Elmo, Furby, Furreal, etc. ). This year? Pop Mart’s... - [The Rise of the Entrepreneurial Attorney: Building a Personal Practice in a Modern Law Firm ](https://practus.com/the-rise-of-the-entrepreneurial-attorney-building-a-personal-practice-in-a-modern-law-firm/): Attorneys today aren’t just practitioners. They’re brands, strategists, and business owners. They’re building personal practices within larger ecosystems, shaping the... - [Practus client Themes ETFs Hits Big Milestone](https://practus.com/practus-client-themes-etfs-hits-big-milestone/): Our client, Themes ETFs, has reached a significant achievement, crossing the $500M threshold of assets under management (AUM). This is... - [Congratulations to the Practus Attorneys included in Best Lawyers®  2026](https://practus.com/congratulations-to-the-practus-attorneys-included-in-best-lawyers-2026/): Eight Practus attorneys received the Best Lawyers award from a leading peer-review publication, The Best Lawyers in America. ® To... - [Andrea Shaw To Speak At Compliance & Risk Conference](https://practus.com/andrea-shaw-to-speak-at-compliance-risk-conference/): (Portland, ME) Practus Partner Andrea Shaw will speak at M&M Consulting’s 16th Annual Compliance and Risk Conference, September 8-9, 2025.... - [Robert Moreiro Earns Prestigious IACCP® Certification](https://practus.com/robert-moreiro-earns-prestigious-iaccp-certification/): August 6, 2025 – Practus Attorney Robert Moreiro has earned the Investment Adviser Certified Compliance Professional® (IACCP®) designation. This is... - [Six Minutes with... Andrew Heger](https://practus.com/six-minutes-with-andrew-heger/): 1. How do you define your legal practice and typical clients? Increasingly, my legal practice focuses on estate planning, estate... - [Six Minutes with... Steven Young](https://practus.com/six-minutes-with-steven-young/): 1. How do you define your legal practice and typical? Broad scope of business and commercial litigation, including “soft” intellectual... - [Practus ETF Team Helps Wealth Adviser Bring Billionaire Tax Trick to Millionaires](https://practus.com/practus-etf-team-helps-wealth-adviser-bring-billionaire-tax-trick-to-millionaires/): Bloomberg News profiles Practus Client Alpha Architect Alpha Architect, long-time Practus client, is disrupting the registered fund industry again and... - [Steven Young Peer Rated Highest Level](https://practus.com/steven-young-peer-rated-highest-level/): Martindale-Hubbell, a global attorney rating network has given Steven Young its highest rating, AV Preeminent, in legal ability and ethical... - [What Law Firm Partners Really Want: 5 Things They Say Behind Closed Doors Before Making a Lateral Transition ](https://practus.com/what-law-firm-partners-really-want-5-things-they-say-behind-closed-doors-before-making-a-lateral-transition/): Not just better hours. Not just more money. Here’s what attorneys really talk about when they’re ready to seek new... - [Ask Her Anything: Karen Aspinall Speaking at MFDF Webinar](https://practus.com/ask-her-anything-karen-aspinall-speaking-at-mfdf-webinar/): (Washington, D. C. ) Practus partner Karen Aspinall will bring her extensive experience in regulatory compliance matters to field questions... - [2025 Chambers Ranking For Ryan Cuthbertson](https://practus.com/2025-chambers-ranking-for-ryan-cuthbertson/): Ranks as a Top Boston Healthcare Lawyer (Boston, MA) Chambers and Partners, a leading legal research firm, has ranked Practus... - [Molly Aspan Earns 2025 Chambers Ranking](https://practus.com/molly-aspan-earns-2025-chambers-ranking/): Seven Years and Counting (Tulsa, OK) For the seventh year in a Row, Chambers and Partners has ranked Practus attorney... - [Practus ETF Transactions Featured in Bloomberg](https://practus.com/practus-etf-transactions-featured-in-bloomberg/): (New York City, NY) Bloomberg News published an article about the significant benefits of deferred capital gains when assets flow... - [Timothy Spangler Going Back to the Future at Asset Management Webinar ](https://practus.com/timothy-spangler-going-back-to-the-future-at-asset-management-webinar/): Practus Partner Timothy Spangler will serve as a panelist for a July 10 webinar put on by Investment Company Institute... - [Compliance Deadlines for Small Business Lending Rule Extended ](https://practus.com/compliance-deadlines-for-small-business-lending-rule-extended/): CFPB Issues Final Rule to Implement Section 1071 of Dodd-Frank Act On June 18, 2025, the Consumer Financial Protection Bureau... - [Oops! Behringer Tweaks Klon-Clone Pedal to Triage Trademark Liability Exposure ](https://practus.com/oops-behringer-tweaks-klon-clone-pedal-to-triage-trademark-liability-exposure/): Quick Context Recently I wrote about the trademark and false endorsement case filed by Mr. Bill Finnegan against Behringer. (TL;DR... - [Lululemon Stretches IP Portfolio Against Costco in Lawsuit Asserting Trademark, Trade Dress, and Design Patent Infringement ](https://practus.com/lululemon-stretches-ip-portfolio-against-costco-in-lawsuit-asserting-trademark-trade-dress-and-design-patent-infringement/): If you’ve walked through a Costco recently, you might have done a double-take. Tucked between the giant bags of coffee... - [The Klon Wars (pt.1): Behringer Taunts Guitar Pedal Icon Bill Finnegan, Who Responds with Trade Dress Lawsuit](https://practus.com/the-klon-wars-pt-1-behringer-taunts-guitar-pedal-icon-bill-finnegan-who-responds-with-trade-dress-lawsuit/): My Hot Take: Time for Behringer to Step Up and Settle Behringer needs to settle this case or be okay... - [Six Minutes with... Patrick Clendenen](https://practus.com/six-minutes-with-patrick-clendenen/): 1. How do you define your legal practice and typical clients? I really don’t have a typical client. I’ve represented... - [Approval of Investment Advisory Agreements – Legal Requirements and Best Practices ](https://practus.com/approval-of-investment-advisory-agreements-legal-requirements-and-best-practices/): Practus is proud to team with ISS-Corporate, a leading provider of 15(c) services to boards, for an upcoming webinar: Approval... - [Flexibility Fatigue in Attorneys: When Remote Work Isn’t Enough  ](https://practus.com/flexibility-fatigue-in-attorneys-when-remote-work-isnt-enough/): Remote work is no longer a perk – it’s the expectation. According to recent industry reports, 82% of law firms... - [Pat Clendenen –  2025 Super Lawyer](https://practus.com/pat-clendenen-2025-super-lawyer/): Commercial litigator, Patrick Clendenen has been selected to the 2025 Connecticut Super Lawyers list. Only 5% of attorneys receive this... ## Attorneys - [John Grady](https://practus.com/attorney/john-grady/) - [Stephen Gianelli](https://practus.com/attorney/stephen-gianelli/) - [Andres Idarraga](https://practus.com/attorney/andres-idarraga/) - [Michael Greene](https://practus.com/attorney/michael-greene/) - [Sara D. Longley](https://practus.com/attorney/sara-d-longley/) - [Justin C. Jones](https://practus.com/attorney/justin-c-jones/) - [Mark Rubin](https://practus.com/attorney/mark-rubin/) - [Jawwad Aleem Khan](https://practus.com/attorney/jawwad-aleem-khan/) - [Kevin M. Brown ](https://practus.com/attorney/kevin-m-brown/) - [Jane F. Collen](https://practus.com/attorney/jane-f-collen/) - [Jess Collen](https://practus.com/attorney/jess-collen/) - [James R. Hastings ](https://practus.com/attorney/james-r-hastings/) - [Jeffrey Lindenbaum](https://practus.com/attorney/jeffrey-lindenbaum/) - [Andrew L. Vining](https://practus.com/attorney/andrew-l-vining/) - [Chad R. Kaffer](https://practus.com/attorney/chad-r-kaffer/) - [Bernard K. Hooper](https://practus.com/attorney/bernard-k-hooper/) - [Matthew McFarlane](https://practus.com/attorney/matthew-mcfarlane/) - [Dan Barham](https://practus.com/attorney/dan-barham/) - [Dmitry Kunitsa](https://practus.com/attorney/dmitry-kunitsa/) - [Maxi C. Lyons](https://practus.com/attorney/maxi-c-lyons/) - [Kevin M. Kercher](https://practus.com/attorney/kevin-m-kercher/) - [Lisa A. Bell](https://practus.com/attorney/lisa-a-bell/) - [Tanya G. Foreman](https://practus.com/attorney/tanya-g-foreman/) - [Scott Lloyd](https://practus.com/attorney/scott-lloyd/) - [David Thompson](https://practus.com/attorney/david-thompson/) - [Perri Melnick](https://practus.com/attorney/perri-melnick/) - [Tim J. Billick ](https://practus.com/attorney/tim-j-billick/) - [William R. Firth](https://practus.com/attorney/william-r-firth-iii/) - [Timothy A. Spangler ](https://practus.com/attorney/timothy-a-spangler/) - [Chris Colvin](https://practus.com/attorney/chris-colvin/) - [John Cardinal Parks](https://practus.com/attorney/john-cardinal-parks/) - [Mark D. Belongia](https://practus.com/attorney/mark-d-belongia/) - [Robert J. Rhatigan](https://practus.com/attorney/robert-j-rhatigan/) - [John G. Lubitz](https://practus.com/attorney/john-g-lubitz/) - [Ryan J. Cuthbertson](https://practus.com/attorney/ryan-j-cuthbertson/) - [Deb Matties](https://practus.com/attorney/deb-matties/) - [Chris P. Hayes](https://practus.com/attorney/chris-p-hayes/) - [Brian W. Grimm](https://practus.com/attorney/brian-w-grimm/) - [Patrick T. Clendenen](https://practus.com/attorney/patrick-clendenen/) - [Raymond Holst](https://practus.com/attorney/ray-holst/) - [Gregg A. Kinney](https://practus.com/attorney/gregg-a-kinney/) - [Adam Sultan](https://practus.com/attorney/adam-sultan/) - [Randy Legg](https://practus.com/attorney/randy-legg/) - [Sana Swe](https://practus.com/attorney/sana-swe/) - [Tiffany Christianson](https://practus.com/attorney/tiffany-christianson/) - [Thomas G. Sheehan](https://practus.com/attorney/thomas-g-sheehan/) - [Leslie R. Katz](https://practus.com/attorney/leslie-katz/) - [Andrew Heger](https://practus.com/attorney/andrew-heger/) - [Robert Hebron](https://practus.com/attorney/robert-hebron/) - [J. Stephen King](https://practus.com/attorney/stephen-j-king-jr/) - [Soledad Lamas](https://practus.com/attorney/soledad-lamas/) - [Christopher J. Lange](https://practus.com/attorney/christopher-j-lange/) - [Duane H. Mathiowetz](https://practus.com/attorney/duane-h-mathiowetz/) - [Diane B. Melnick](https://practus.com/attorney/diane-b-melnick/) - [Steven E. Young](https://practus.com/attorney/steven-e-young/) - [Andrea J. Shaw](https://practus.com/attorney/andrea-j-shaw/) - [Richard Pasquier](https://practus.com/attorney/richard-pasquier/) - [John C. Swhear](https://practus.com/attorney/john-c-swhear/) - [John F. Ramirez](https://practus.com/attorney/john-f-ramirez/) - [Jorge O'Reilly](https://practus.com/attorney/jorge-oreilly/) - [Robert Moreiro](https://practus.com/attorney/robert-moreiro/) - [Kirk A. Montgomery](https://practus.com/attorney/kirk-a-montgomery/) - [Robert Fried](https://practus.com/attorney/robert-fried/) - [Robert Elwood](https://practus.com/attorney/robert-elwood/) - [Steven G. Cravath](https://practus.com/attorney/steven-g-cravath/) - [Jesse J. Camacho](https://practus.com/attorney/jesse-j-camacho/) - [Wade Bridge](https://practus.com/attorney/wade-bridge/) - [Janet V. Hallahan](https://practus.com/attorney/janet-v-hallahan/) - [John H. Lively](https://practus.com/attorney/john-h-lively/) - [Molly Aspan](https://practus.com/attorney/molly-aspan/) - [Tina H. Bloom](https://practus.com/attorney/tina-h-bloom/) - [Elliot Belilos](https://practus.com/attorney/elliot-belilos/) - [Karen A. Aspinall](https://practus.com/attorney/karen-aspinall/) ## Practice Areas - [Exchange-Traded Funds (ETFs)](https://practus.com/practice-areas/exchange-traded-funds-etfs/) - [Trademark & Copyright](https://practus.com/practice-areas/trademark-and-copyright/) - [Investment Management & Advisory Services](https://practus.com/practice-areas/investment-management-advisory/) - [Blockchain](https://practus.com/practice-areas/blockchain/) - [Broker-Dealer](https://practus.com/practice-areas/broker-dealer/) - [Patent Litigation](https://practus.com/practice-areas/patent-litigation/) - [Patent Prosecution](https://practus.com/practice-areas/patent-prosecution/) - [Regulatory Law & Government Contracts](https://practus.com/practice-areas/regulatory-law-government-contracts/) - [Securities Enforcement & Regulation](https://practus.com/practice-areas/securities-enforcement-regulation/) - [Intellectual Property Litigation](https://practus.com/practice-areas/intellectual-property-litigation/) - [Litigation](https://practus.com/practice-areas/litigation/) - [Executive Compensation](https://practus.com/practice-areas/executive-compensation/) - [Delaware Law](https://practus.com/practice-areas/delaware-law/) - [U.S. Food and Drug (FDA)](https://practus.com/practice-areas/u-s-food-and-drug-fda/) - [Emerging Technologies](https://practus.com/practice-areas/emerging-technologies/) - [Mergers & Acquisitions](https://practus.com/practice-areas/mergers-acquisitions/) - [Bankruptcy and Creditor's Rights](https://practus.com/practice-areas/bankruptcy-and-creditors-rights/) - [Complex Litigation & Class Actions](https://practus.com/practice-areas/complex-litigation-class-actions/) - [Intellectual Property Law](https://practus.com/practice-areas/intellectual-property/) - [Healthcare Law](https://practus.com/practice-areas/healthcare/) - [Appellate Law](https://practus.com/practice-areas/appellate-law/) - [Commercial & Complex Litigation](https://practus.com/practice-areas/commercial-litigation/) - [Consumer Product Safety & Risk Management](https://practus.com/practice-areas/consumer-product-safety-risk-management/) - [Construction Litigation](https://practus.com/practice-areas/construction-litigation/) - [Corporate Services Law](https://practus.com/practice-areas/corporate-services/): Practus provides comprehensive and integrated corporate counsel and advice to businesses of all sizes and at all stages. Our diverse... - [Entertainment Law](https://practus.com/practice-areas/entertainment-law/) - [Financial Services](https://practus.com/practice-areas/financial-services/) - [Government Liability & Civil Rights](https://practus.com/practice-areas/government-liability-civil-rights/) - [Alternate Dispute Resolution](https://practus.com/practice-areas/alternate-dispute-resolution/) - [Insurance Law](https://practus.com/practice-areas/insurance/) - [Labor & Employment](https://practus.com/practice-areas/labor-employment/) - [Outsourced General Counsel](https://practus.com/practice-areas/outsourced-general-counsel/) - [Privacy & Cybersecurity Law](https://practus.com/practice-areas/privacy-cybersecurity/) - [Real Estate Law](https://practus.com/practice-areas/real-estate-law/) - [Tax Law](https://practus.com/practice-areas/tax/) - [Technology & Commercial Transactions Law](https://practus.com/practice-areas/technology-and-commercial-transactions/) - [Trusts & Estates](https://practus.com/practice-areas/trusts-estates/) ## Industries - [Banking & Financial Management](https://practus.com/industries/banking-financial-management/) - [Consumer Goods & Commerce](https://practus.com/industries/consumer-goods-commerce/) - [Energy & Natural Resources](https://practus.com/industries/energy-natural-resources/) - [Healthcare & Life Sciences](https://practus.com/industries/healthcare-life-sciences/) - [Industrial Manufacturing](https://practus.com/industries/industrial-manufacturing/) - [Media & Entertainment](https://practus.com/industries/media-entertainment/) - [Startups & Emerging Companies](https://practus.com/industries/startups-emerging-companies/) - [Technology Industry](https://practus.com/industries/technology-industry/) # # Detailed Content ## Pages - Published: 2022-03-22 - Modified: 2025-05-05 - URL: https://practus.com/community-and-culture/ Practus Playlist https://open. spotify. com/playlist/1fWcQpZhzVIX5oLkrz5kYl? go=1&sp_cid=21e068a70e62c6a82c7b2c07d8796d1b&nd=1 Tune in to our very own Practus Playlist made up of favorite songs and artists from our team! You may have noticed we list our favorite songs in our bio pages, so clearly music is important to us. And what better way to get to know someone, than to listen to the music that’s important to them. Our partners and team members are encouraged to share songs to our “Practus Playlist” listed on Spotify. You can start listening right now! - Published: 2021-11-15 - Modified: 2024-02-12 - URL: https://practus.com/the-guide-to-practicing-law-virtually/ Get the 10 Step Guide to Start Practicing Law Virtually The 10 step guide will give you the information needed to launch your career as a virtual lawyer. Fill out the form to get the checklist today. hbspt. forms. create({ region: "na1", portalId: "4961937", formId: "b07d7056-e051-4389-9339-9684a9868abb" }); - Published: 2021-11-14 - Modified: 2024-02-12 - URL: https://practus.com/disclaimer/ ADVERTISING DISCLAIMER Legal Notice Practus, LLP operates as a Delaware limited liability partnership. Practus, LLP’s U. S. state law practice is limited to the states in which Practus lawyers are members of the state bars. The jurisdictions in which each of our attorneys is licensed to practice are indicated in the individual attorney biographies on this website. The ability of any attorney to engage in any activities on behalf of a client outside that attorney’s states of licensure is subject to state statutes, professional codes, and court rules. Practus, LLP does not seek, and this website is not intended to solicit, legal employment outside our attorneys’ states of licensure that would constitute the unauthorized practice of law. All text, graphics, photographs, trademarks, logos, artwork and computer code (collectively, “Content”), including but not limited to the design, structure, selection, coordination, expression, “look and feel” and arrangement of such Content, contained on this site is owned, controlled or licensed by or to Practus, LLP and is protected by trade dress, copyright, patent and trademark laws, and various other intellectual property rights. Information on Website Not Legal Advice The materials on the Practus, LLP website are for informational purposes only and may not reflect the most current legal developments. They are not intended to provide legal advice for a specific situation or create an attorney-client relationship. The content of any Internet e-mail sent to Practus, LLP or any of its lawyers at the e-mail addresses set forth on this website will not create... - Published: 2021-11-01 - Modified: 2026-04-14 - URL: https://practus.com/our-story/ Our Story | Practus, LLP About Attorneys Practice Areas Industries Team Locations News Join Us About Attorneys Practice Areas Industries Team Locations News Join Us OUR STORY Practus’s virtual model emphasizes flexibility and autonomy which provides our attorneys a better way to practice law and work with clients. Get to Know Us Our Roots Our Values Our Team Join Us Practus Roots Practus, LLP is the brainchild of Founder John Lively and Co-Founder Robert “Bob” Elwood, with the seed of this idea dating back to 2009.  It started from their experiences in the BigLaw environment where working hours are long, commutes are time consuming and weekends with family are a rarity for attorneys. They also found it frustrating to navigate through things like typical office politics, a growing emphasis on billable hours and inflated costs passed onto clients.  Ultimately, John saw that BigLaw was toxic and focused on the wrong things which was something he didn’t want his family, colleagues and clients to continue to endure. He connected with his former colleague, Bob about “the concept” of Practus, launching the predecessor to the firm in 2010. And so began the journey of creating a law firm with a new perspective.  Their goal was to create an environment that fosters work/life balance and helps attorneys reconnect to doing what they love (practicing law!) and loving what they do (without all the bureaucracy!). The result? A law firm that empowers their attorneys with the technology they need to help them do their... - Published: 2021-09-04 - Modified: 2024-02-12 - URL: https://practus.com/news/ Get Practus News direct to your inbox! var gform;gform||(document. addEventListener("gform_main_scripts_loaded",function{gform. scriptsLoaded=! 0}),document. addEventListener("gform/theme/scripts_loaded",function{gform. themeScriptsLoaded=! 0}),window. addEventListener("DOMContentLoaded",function{gform. domLoaded=! 0}),gform={domLoaded:! 1,scriptsLoaded:! 1,themeScriptsLoaded:! 1,isFormEditor:=>"function"==typeof InitializeEditor,callIfLoaded:function(o){return! (! gform. domLoaded||! gform. scriptsLoaded||! gform. themeScriptsLoaded&&! gform. isFormEditor||(gform. isFormEditor&&console. warn("The use of gform. initializeOnLoaded is deprecated in the form editor context and will be removed in Gravity Forms 3. 1. "),o,0))},initializeOnLoaded:function(o){gform. callIfLoaded(o)||(document. addEventListener("gform_main_scripts_loaded",=>{gform. scriptsLoaded=! 0,gform. callIfLoaded(o)}),document. addEventListener("gform/theme/scripts_loaded",=>{gform. themeScriptsLoaded=! 0,gform. callIfLoaded(o)}),window. addEventListener("DOMContentLoaded",=>{gform. domLoaded=! 0,gform. callIfLoaded(o)}))},hooks:{action:{},filter:{}},addAction:function(o,r,e,t){gform. addHook("action",o,r,e,t)},addFilter:function(o,r,e,t){gform. addHook("filter",o,r,e,t)},doAction:function(o){gform. doHook("action",o,arguments)},applyFilters:function(o){return gform. doHook("filter",o,arguments)},removeAction:function(o,r){gform. removeHook("action",o,r)},removeFilter:function(o,r,e){gform. removeHook("filter",o,r,e)},addHook:function(o,r,e,t,n){null==gform. hooks&&(gform. hooks=);var d=gform. hooks;null==n&&(n=r+"_"+d. length),gform. hooks. push({tag:n,callable:e,priority:t=null==t? 10:t})},doHook:function(r,o,e){var t;if(e=Array. prototype. slice. call(e,1),null! =gform. hooks&&((o=gform. hooks). sort(function(o,r){return o. priority-r. priority}),o. forEach(function(o){"function"! =typeof(t=o. callable)&&(t=window),"action"==r? t. apply(null,e):e=t. apply(null,e)})),"filter"==r)return e},removeHook:function(o,r,t,n){var e;null! =gform. hooks&&(e=(e=gform. hooks). filter(function(o,r,e){return! ! (null! =n&&n! =o. tag||null! =t&&t! =o. priority)}),gform. hooks=e)}}); Name(Required) First Last Email(Required) gform. initializeOnLoaded( function {gformInitSpinner( 5, 'https://practus. com/wp-content/plugins/gravityforms/images/spinner. svg', true );jQuery('#gform_ajax_frame_5'). on('load',function{var contents = jQuery(this). contents. find('*'). html;var is_postback = contents. indexOf('GF_AJAX_POSTBACK') >= 0;if(! is_postback){return;}var form_content = jQuery(this). contents. find('#gform_wrapper_5');var is_confirmation = jQuery(this). contents. find('#gform_confirmation_wrapper_5'). length > 0;var is_redirect = contents. indexOf('gformRedirect{') >= 0;var is_form = form_content. length > 0 && ! is_redirect && ! is_confirmation;var mt = parseInt(jQuery('html'). css('margin-top'), 10) + parseInt(jQuery('body'). css('margin-top'), 10) + 100;if(is_form){jQuery('#gform_wrapper_5'). html(form_content. html);if(form_content. hasClass('gform_validation_error')){jQuery('#gform_wrapper_5'). addClass('gform_validation_error');} else {jQuery('#gform_wrapper_5'). removeClass('gform_validation_error');}setTimeout( function { /* delay the scroll by 50 milliseconds to fix a bug in chrome */ jQuery(document). scrollTop(jQuery('#gform_wrapper_5'). offset. top - mt); }, 50 );if(window) {gformInitDatepicker;}if(window) {gformInitPriceFields;}var current_page = jQuery('#gform_source_page_number_5'). val;gformInitSpinner( 5, 'https://practus. com/wp-content/plugins/gravityforms/images/spinner. svg', true );jQuery(document). trigger('gform_page_loaded', );window = false;}else if(! is_redirect){var confirmation_content = jQuery(this). contents. find('. GF_AJAX_POSTBACK'). html;if(! confirmation_content){confirmation_content = contents;}jQuery('#gform_wrapper_5'). replaceWith(confirmation_content);jQuery(document). scrollTop(jQuery('#gf_5'). offset. top - mt);jQuery(document).... - Published: 2021-09-03 - Modified: 2024-02-12 - URL: https://practus.com/contact-us/ Questions About Practus Marketing? Check out our Advertising Disclaimer here. - Published: 2021-06-09 - Modified: 2024-02-12 - URL: https://practus.com/privacy-policy/ PRACTUS PRIVACY POLICY Practus LLP operates this website and has created this Privacy Policy to inform you of Our collection, use and sharing practices for information that we collect from you through Our Services. This privacy policy has been compiled to better serve those who are concerned with how their ‘Personally Identifiable Information’ (PII) is being used online. PII, as described in US privacy law and information security, is information that can be used on its own or with other information to identify, contact, or locate a single person, or to identify an individual in context. Please read our privacy policy carefully to get a clear understanding of how we collect, use, protect or otherwise handle your Personally Identifiable Information in accordance with our website. What personal information do we collect from the people that visit our website? When wanted to contact us, you may be asked to enter your name, email address, mailing address, phone number or other details to help you us connect with you. When do we collect information? We collect information from you when you enter the information by filling out a form or enter information on our site. How do we use your information? We may use the information we collect from you when you register, sign up for our newsletter, respond to a survey or marketing communication, surf the website, or use certain other site features in the following ways: To personalize your experience and to allow us to deliver the type of content in which... ## Posts - Published: 2026-07-15 - Modified: 2026-07-14 - URL: https://practus.com/could-zaras-death-trousers-walk-into-legal-trouble/ Zara’s wide-leg pants may be trending for all the wrong reasons — but could a viral fashion mishap become a legal issue? People are tripping (literally) over Zara’s “death trousers. ” Can lawyers be far behind? As two smarty pants – litigation attorneys – at Practus, we offer our hot take on the reported dangers of summer’s hottest pants and get to the bell bottom of the legal issues that could be in play. Zara’s wide-leg trousers proved an instant hit with shoppers. The lightweight fabric and high fashion look paired with a comparatively low price under $50. Jean-ius! Women were falling over themselves to grab these pants, which was great – until they actually started falling over. The Pants that Launched a Thousand Trips A viral phenomenon emerged on TikTok of women sharing videos of the injuries they received after tripping in the pants. Posts with the hashtag “Zara death trousers” spread everywhere as owners complained the pants’ flowy hems easily catch under shoes on stairs or slick surfaces. We’re guessing escalators posed dangers too. TikTok became a patchwork of scrapes, bruises, and even broken bones. Could Zara Be Caught With Its Pants Down? This begs the legal question. Is there a duty to warn potential customers, “Caution, wearing these pants may be hazardous to your health? ” Plaintiffs lawyers have been known to pull creative arguments out of their back pockets. Defense lawyers, meanwhile, can be just as creative with warnings that help insulate manufacturers from liability. A duty... - Published: 2026-07-13 - Modified: 2026-07-13 - URL: https://practus.com/practus-earns-national-chambers-usa-ranking-for-registered-funds/ Firm recognized in Chambers USA 2026 guide for its Registered Funds practice (New York, NY) – Practus LLP earned a national ranking in the Chambers USA 2026 guide, with the firm recognized in Band 4 for Registered Funds: USA – Nationwide. Chambers notes that Practus specializes in launching, registering and reorganizing exchange-traded funds (ETFs) and frequently advises on matters involving ETFs and other investment products. The recognition reflects the continued growth and national visibility of the firm’s work in this area, as well as its ability to provide sophisticated, business-focused legal counsel through an innovative law firm model. “This ranking is a meaningful recognition of the depth and quality of our Registered Funds practice,” said John Lively, Managing Partner of Practus. “In such a highly regulated environment, it reinforces the trust our clients place in us to deliver practical, strategic guidance. ” Practus attorneys advise clients across a wide range of fund formation, registration, reorganization, governance, compliance, and regulatory issues, including matters involving the Investment Company Act of 1940. Chambers USA bases its rankings on independent research, including client and peer feedback. Additional Chambers USA Recognitions Chambers USA also recognized two Practus attorneys in their respective practice areas: Ryan Cuthbertson, ranked in Massachusetts for Healthcare, and Molly Aspan, ranked in Oklahoma for Labor & Employment. Their individual recognitions further underscore the strength of Practus’ national platform and the firm’s ability to deliver respected counsel across practice areas. About Practus LLP Practus, LLP is a full-scale virtual law firm with a... - Published: 2026-07-13 - Modified: 2026-07-13 - URL: https://practus.com/finra-enforcement-review-rule-8210-obligations/ FINRA's June 30, 2026 report does not amend any rule. It does, however, identify process points that broker-dealers, associated persons, compliance officers, and defense counsel should preserve now. FINRA’s June 30, 2026 external review of its Enforcement program signals potential procedural reforms affecting broker-dealers, registered representatives, compliance officers, and defense counsel. Although the report does not amend FINRA rules or change compulsory Rule 8210 obligations, it creates a practical framework for addressing information requests, Wells submissions, settlement discussions, cooperation credit, remediation, and enforcement-process advocacy. FINRA’s Enforcement review does not change Rule 8210 or create a new right to refuse FINRA information requests. Its immediate value is procedural: firms and associated persons can use the report to support reasonable requests for clearer scope, realistic response deadlines, access to relevant materials, and more transparent consideration of remediation, cooperation credit, sanctions, and settlement language. Quick Takeaways FINRA’s Enforcement report is not a rule change and does not alter Rule 8210 obligations. Broker-dealers and associated persons should continue to respond timely to valid FINRA requests. The report may support requests for clearer scope, realistic deadlines, better access to the record, and more transparent sanctions analysis. Firms should document burden, privilege concerns, remediation, cooperation, and settlement-related issues contemporaneously. Wells submissions and settlement strategy may become more important as FINRA considers procedural reforms. Executive Summary: What Matters Now On June 30, 2026, FINRA published the results of an external review of its Enforcement program. FINRA's announcement and report are available on FINRA's website. The report is... - Published: 2026-07-10 - Modified: 2026-07-13 - URL: https://practus.com/cross-border-medical-practice-sale-closes/ Creative deal structuring, strategic problem-solving, and patient cross-border coordination helped bridge language, cultural, and Japan–U. S. time-zone gaps to bring the transaction to a successful close. Practus client Dale Mosley is a serial entrepreneur who has seen plenty of complexity, but selling a medical practice to a foreign buyer during a pandemic — and later closing the transaction amid government shutdowns — created an unusually difficult mix of timing, operational, and deal-structure challenges. The Challenge Practus attorney Maxi Lyons says the transaction required persistence and creativity from the start. “There were significant language and cultural challenges — including a major time variance with Japan — not to mention that the buyer had little to no understanding of doing business in the U. S. It took a good deal of creativity to get this done. ” Additional Obstacles Beyond the cross-border dynamics, the transaction encountered two separate external disruptions. Pandemic-related constraints affected negotiations and slowed operational coordination. Later, government shutdowns during the closing phase delayed critical approvals and added uncertainty to the final timeline. The Approach To move the transaction forward and protect the seller’s value, Maxi negotiated a split purchase-price structure, retained collateral protections with clawback provisions, developed a tailored valuation approach, and arranged partial seller financing with interest. “The goal,” Lyons says, “was to meet the buyer’s needs without a loss of value to the seller — my client. ” Client Perspective Mosley adds, “Maxi was outstanding throughout the process. She was incredibly patient and understanding as we navigated... - Published: 2026-07-09 - Modified: 2026-07-09 - URL: https://practus.com/beyond-the-pitch-behind-the-scenes-legal-news-of-the-world-cup/ The 2026 FIFA World Cup is already in the elimination stages in North America, with matches taking over stadiums across the US, Canada, and Mexico. Throughout the month, millions of fans are glued to their screens, completely caught up in the drama of who will claim the ultimate title in global football (ahem, soccer for those of US fans). Most are enjoying for entertainment and love of country, but this article takes a look at that lesser-known side of the World Cup: the legalities of it all. While the world watches the wins, losses, and amazing acting of footballers catapulting across the field after tripping on a blade of grass, another high-stakes game is playing out entirely out of view. Behind the scenes, attorneys have been working around the clock to tackle massive legal operational challenges that don’t usually make the sports highlights.   From intellectual property ambushes and structural real estate standoffs to multi-million-dollar insurance safety nets, here are three legal realities making this summer's World Cup possible.   1.  Ambush Marketing (And How to Avoid a Red Card)  In the high-stakes world of global sports, official tournament sponsors pay hundreds of millions of dollars for a single right: exclusivity. Ambush marketing is a tactical maneuver where non-sponsoring businesses try to capitalize on the massive audience and "goodwill" of the World Cup without paying the massive entry fee.   When a business creates a false association with the tournament, it risks running straight into a trademark infringement lawsuit based on a "likelihood of confusion. " Much like the standard Sleekcraft factors used in trademark disputes, courts will... - Published: 2026-07-07 - Modified: 2026-07-13 - URL: https://practus.com/steve-young-awarded-highest-peer-review-rating/ Practus Litigation Chair, Steve Young has been named an AV Preeminent Lawyer. This is the highest possible Martindale-Hubbell Peer Review Rating. AV Preeminent is awarded exclusively based on confidential, impartial evaluations by other judges and fellow attorneys. Says Steve, “I am deeply honored to be receiving this recognition again this year and I’ll continue to strive to be worthy of this distinction and honor. ” AV Preeminent specifically recognizes an attorney’s peak legal ability and strict ethical standards. Approximately 10 percent of all attorneys hold an AV Preeminent Rating, making this a pretty elite group. Congratulations to Steve! More about Steven Young - Published: 2026-07-01 - Modified: 2026-07-01 - URL: https://practus.com/finra-enforcement-smith-sec-jarkesy-constitutional-challenges/ Preserving Seventh Amendment and Article III Challenges in FINRA Disciplinary Proceedings How Smith v. SEC fits with SEC v. Jarkesy, Axon, Cochran, and Alpine Securities v. FINRA—and why issue preservation now matters in FINRA enforcement defense. Key Takeaways for FINRA Respondents and Broker-Dealers In Smith v. SEC, No. 24-3907 (6th Cir. Mar. 27, 2026), the Sixth Circuit denied a broker-dealer principal’s petition for review and upheld FINRA sanctions affirmed by the SEC, but the decision turned on issue exhaustion rather than the merits of the constitutional challenge. The court refused to reach the petitioner’s Seventh Amendment and Article III arguments because he had not raised them before the SEC, holding that Exchange Act Section 25(c)(1), 15 U. S. C. § 78y(c)(1), barred judicial review. In detailed dicta, the majority suggested that a properly preserved FINRA constitutional challenge may have force under SEC v. Jarkesy, 603 U. S. 109 (2024), especially where the enforcement action seeks legal remedies tied to securities-fraud claims. A concurrence identified the unconstitutional-conditions doctrine as a likely next battleground: whether Congress may require access to the brokerage business to depend on surrendering jury-trial and Article III protections. Read together with the Supreme Court’s 2025 denial of certiorari in Alpine Securities Corp. v. FINRA, Smith shows that challenges to FINRA’s enforcement structure remain active—but only for firms and associated persons that preserve those arguments at every stage. Overview: Why Smith v. SEC Matters for FINRA Enforcement Defense On March 27, 2026, the U. S. Court of Appeals for... - Published: 2026-06-30 - Modified: 2026-07-01 - URL: https://practus.com/finra-enforcement-broker-dealer-supervisory-deficiencies-client-win/ I recently represented a broker-dealer in connection with a FINRA enforcement action involving deficiencies in the firm's supervisory processes for monitoring outside securities transactions executed by its associated persons. From FINRA Examination to Enforcement The firm had fallen behind in reviewing securities transactions occurring in its associated persons' disclosed outside brokerage accounts, as required under FINRA Rule 3110(d)(1)(C). During a routine cycle examination, FINRA examiners identified the issue and referred the matter to FINRA Enforcement. While the firm's compliance officer was comfortable working with the examination staff, he recognized that the transition from an examination to an enforcement proceeding presented a different set of challenges and engaged me to help guide the firm through the process. Respond, Resolve, Recover I assisted the firm at every stage of the enforcement matter. This included preparing responses to FINRA's requests for information under FINRA Rule 8210, negotiating the language of the Acceptance, Waiver, and Consent (AWC), resolving the matter on favorable terms, and successfully reducing the fine initially proposed by FINRA. I also worked with the firm to prepare the written certification required by the AWC, confirming that the identified supervisory deficiencies had been fully remediated. Why Experienced FINRA Outside Counsel Matters The true value of experienced outside counsel is not simply reflected in the outcome of an enforcement matter, but in the strategic guidance provided throughout the process. From the initial regulatory inquiry through final resolution and remediation, knowledgeable counsel can anticipate issues, negotiate effectively, protect the firm's interests, and minimize unnecessary... - Published: 2026-06-29 - Modified: 2026-06-29 - URL: https://practus.com/timothy-spangler-and-steven-young-published-in-californias-daily-journal/ California’s premier legal news publication, the Daily Journal, featured an article by Practus partners Timothy Spangler and Steven E. Young on June 22. In “The Ghost in the Courtroom: From AI Chatbots to ‘Agentic Litigation,’” Spangler and Young examine how artificial intelligence is changing litigation, legal ethics and civil procedure. The article explores how autonomous AI systems and generative AI tools may affect attorney-client privilege, work product protections, discovery obligations and litigation strategy. As courts, counsel and clients confront the rise of agentic commercial activity, Spangler and Young outline key questions lawyers should consider as AI becomes more embedded in legal and business decision-making. Timothy Spangler is a Practus partner who focuses his practice on alternative investment management, financial technology innovation, blockchain, cryptocurrencies and digital assets. Steven E. Young is a Practus partner and Head of Litigation with more than 50 years of experience handling commercial litigation, intellectual property, entertainment transactional matters, real estate disputes and general business litigation. https://www. dailyjournal. com/articles/392280-the-ghost-in-the-courtroom-from-ai-chatbots-to-agentic-litigation - Published: 2026-06-24 - Modified: 2026-07-12 - URL: https://practus.com/how-intentional-collaboration-redefines-holistic-legal-services-at-modern-law-firms/ For many businesses, legal services are viewed as a "break-fix" expense: a reactive cost or an operational barrier you only engage when a fire breaks out. You encounter an intellectual property issue, you find an IP boutique. You face a corporate restructuring, you hire an M&A firm. You get hit with a lawsuit, you hunt for litigators.   The result? A fragmented patchwork of attorneys and firms (and invoices! ), conflicting strategies, and massive administrative friction for your internal team.   At Practus, we’ve intentionally grown our firm with complementary practice areas because legal counsel shouldn’t operate as an isolated vendor. Instead, it should be treated as an embedded extension of your team focused on business continuity and holistic growth.  This holistic approach requires a team of attorneys that spans jurisdictions and practice areas. We believe in cultivating a team of independent, motivated, and visionary lawyers representing a variety of practices and specialty areas.   This statement has been a core value at Practus since inception, allowing us to create a law firm model that embodies intentional collaboration backed by integrated legal technology systems. Our attorneys are encouraged to work together, providing seamless, top-tier representation at every stage of a business lifecycle—from initial launch and formation to complex regulatory navigation, IP protection, and high-stakes litigation.   https://www. youtube. com/watch? v=ZvFN0iygOA8 A quick introduction of what you'll find in this article Beyond Silos: The Power of Holistic Client Servicing  Traditional law firms incentivize individual attorney growth, oftentimes creating competing practice areas or teams. At Practus, we have intentionally engineered complementary rather than competitive growth. When business operations cross multiple legal disciplines, our attorneys don't stay in their lanes... they unite.   Here’s one common scenario within our corporate and financial services team:  Why Clients Benefit from Cross-Practice Synergy  Imagine your business is navigating a complex corporate restructuring... - Published: 2026-06-24 - Modified: 2026-06-24 - URL: https://practus.com/six-minutes-with-john-grady/ 1. How do you define your legal practice and typical clients?   Bottom line, I am an investment management lawyer. My practice is focused on several types of entities, all inter-related: pooled investment funds, investment advisers and distribution firms. Sometimes they are affiliated, sometimes not. What they have in common are a series of federal statutes and regulations adopted under the Securities Act, Investment Company Act, the Investment Advisers Act and the Securities Exchange Act, as well as ERISA and various state corporate and securities laws. I advise fund managers and fund sponsors on fund formation issues as well as operational, offering and governance issues, as my typical client relationship is soup to nuts in nature, starting at the formation phase and moving to the operating phase, which can be decades long. The relationships are typically ongoing in nature, therefore, and allow me to work with all parts of these businesses. 2. Tell us about your legal career journey. What made you become a lawyer? Going to law school and becoming a lawyer was a long-standing goal for me. Learning about the law and how the legal system in all its forms operates really appealed to my desire to understand how the “law” worked and to become someone who could work with the law as my profession. I love asking (and still ask) “why are things that way? ” and I discovered that much of the answer lies in the law – in legislation, in regulation and in the judiciary. Whether I agreed... - Published: 2026-06-20 - Modified: 2026-06-24 - URL: https://practus.com/elliot-belilos-named-to-arlington-senior-babe-ruth-board-of-directors/ ARLINGTON, Va. — From shortstop to second base to coaching, Practus attorney Elliot Belilos has had a mitt in baseball for decades, as either a player or a coach. For the past 23 years, much of his time on the diamond has been spent coaching youth of all ages in Arlington, Virginia. Early on, he coached the younger kids. But more than 10 years ago, Elliot’s focus shifted to teen players through the Arlington Senior Babe Ruth Baseball League, a youth baseball program for ages 13-18. He has now been named to the league’s board of directors. Belilos said, “I’m so pleased to join the board. Arlington Senior Babe Ruth strives to make baseball accessible to all children in Arlington. More than that, it’s about spreading a love for the game by providing a positive baseball experience and just plain fun for all players. ” Established in 1985, Arlington Senior Babe Ruth is a youth baseball program with three seasons of opportunities for play, ranging from recreational fall and spring leagues to all-stars, travel, and tournament-level summer teams. Go, teams! - Published: 2026-06-20 - Modified: 2026-06-24 - URL: https://practus.com/sec-risk-alert-adviser-economic-conflicts-cash-sweeps-fee-billing/ The Security and Exchange Commission’s (SEC) Division of Examinations issued a Risk Alert June 9, 2026. It’s titled Examination Observations of Investment Adviser Obligations Related to Economic Conflicts of Interest. The Risk Alert does not create new rules, but it does provide a clear examination roadmap for SEC-registered investment advisers. It identifies recurring deficiencies involving: Cash sweep and cash management programs Revenue sharing Money market and mutual fund share class selection Margin and custodial credits Advisory fee calculations Refund practices Policies and procedures addressing fee-related conflicts. The message for investment directors, chief compliance officers and senior management is direct: high-level conflict disclosure is not enough. Advisers should identify actual economic incentives, make specific and understandable disclosures, conform billing practices to advisory agreements and Form ADV, test the accuracy of fees and rebates, and maintain documentation showing that the compliance program is reasonably designed for the firm’s business model. Key SEC Risk Alert Takeaways for Investment Advisers Cash sweep revenue, custodial credits, margin benefits, revenue sharing and similar compensation arrangements should be treated as potential economic conflicts. Disclosure that an adviser “may” receive compensation can be misleading when the adviser already receives that compensation. Form ADV, advisory agreements, fee schedules, billing systems and compliance procedures should be reconciled against actual business practices. Fee billing should be tested for cash balances, excluded assets, householding, prorations, breakpoints, refunds, rebates, inactive accounts and terminated accounts. Compliance programs should include periodic testing, escalation, remediation and documentation—not merely written policies. Why the SEC Economic Conflicts Risk... - Published: 2026-06-15 - Modified: 2026-06-15 - URL: https://practus.com/what-the-secs-dipaola-opinion-means-for-finra-rule-8210-requests/ Executive Summary: What the SEC’s DiPaola Opinion Means for FINRA Rule 8210 Requests In its May 28, 2026 opinion in DiPaola, the SEC held that FINRA could enforce a Rule 8210 demand for on-the-record testimony even after issuing a Wells Notice, but it vacated the sanctions imposed for noncompliance. The decision matters for broker-dealers, associated persons, supervisors, compliance officers, and defense counsel handling FINRA investigations. Instead of narrowing FINRA’s Rule 8210 authority, it confirms that FINRA may compel documents, information, and testimony during an investigation, and that a respondent cannot refuse to comply simply because the respondent believes FINRA already has enough information. One of the more notable parts of the decision is the SEC’s sanctions analysis. The Commission closely examined FINRA’s timing, questioned the late-stage post-Wells testimony demand, and ultimately set aside the Rule 8210 sanctions. Key Takeaways for Broker-Dealers, Compliance Officers, and Defense Counsel Rule 8210 remains FINRA’s principal investigative tool and should be treated as a compulsory regulatory demand, not an invitation to negotiate compliance. A Wells Notice does not end a FINRA investigation or excuse subsequent Rule 8210 compliance. Respondents may not refuse to appear for testimony based on their own view that the request is duplicative or unnecessary. Post-Wells testimony requests are not prohibited, but DiPaola gives defense counsel meaningful language to challenge sanctions where FINRA cannot justify the timing of, and need for, additional testimony. The Commission’s review of FINRA sanctions remains meaningful, particularly where FINRA fails to explain the rationale for its sanction... - Published: 2026-06-11 - Modified: 2026-06-10 - URL: https://practus.com/spacex-and-the-spv-effect-what-investors-need-to-know/ SpaceX debuts on the Nasdaq Friday, June 12 and its $75B raise is expected to be the largest IPO on record. Elon’s rocket company stayed private much longer than most high-growth tech companies, while its valuation went the way of most of its rockets – up, up, up. With demand for Space X shares cruising much higher than the actual shares for sale – a fire hose of Special Purpose Vehicles (SPVs) has been gushing for the last several years. Let’s talk about what those are and what you need to know before you write the check. What is an SPV? An SPV is a legally separate standalone company created for a single specific business objective. Historically, they have offered institutional funds, high-net-worth individuals, and everyday accredited investors a way to buy into a private company before its initial public offering. Because direct investment in SpaceX was restricted to a limited number of select insiders (such as employees and established venture capital firms), specialized syndicate managers created SPVs to pool capital from smaller investors and purchase blocks of shares. Why SPVs Can Get Complicated It sounds simple enough, but SPVs can have difficulties. The shares in the target company already exist, and they are eventually transferred to this new legal entity. Perhaps there are even blockchain-based tokens created to reference the SPV shares (importantly, these are usually not the underlying shares). In the frenzy around generational companies such SpaceX, we’ve seen a lot of widespread investor interest and a lot... - Published: 2026-06-10 - Modified: 2026-06-10 - URL: https://practus.com/financial-times-quotes-timothy-spangler-on-digital-investor-access-to-u-s-tech-ipos/ Practus partner Timothy Spangler was quoted in Financial Times for its June 10 article, “Chinese Investors Turn to Digital Bets for Exposure to U. S. Tech IPOs. ” In the piece, Spangler addressed the legal and practical risks facing investors seeking synthetic exposure to high-profile private companies, including SpaceX, through digital products and related instruments. Quoted by Financial Times, Spangler noted: “A lot of people are paying for promises that they won’t be able to enforce. ” His comments helped frame the article’s examination of investors clamoring toward alternative paths to gain exposure to high-demand U. S. technology offerings. Those efforts, however, carry regulatory, structural, and enforcement concerns. You can read the entire article here. Spangler advises clients on matters at the intersection of investment funds, financial technology, blockchain, and digital assets. His commentary in Financial Times reflects Practus’ continued focus on the legal and business issues shaping emerging markets and cross-border investment activity. - Published: 2026-06-02 - Modified: 2026-06-02 - URL: https://practus.com/tokenization-is-moving-into-the-mainstream-what-fund-boards-need-to-know-now/ Practus Partner Timothy Spangler joins ISS Corporate’s Joe Frelix to break down where tokenization stands today—and why “wait and see” may no longer be a viable strategy. The Conversation: From Concept to Adoption In their discussion, Tim and Joe explored tokenization, which has moved beyond proof-of-concept into broader industry adoption. Watch the full video below. https://youtu. be/7TUla-z0Qlw Here are the key takeaways. What Is Tokenization—Really? Tokenization is the application of blockchain technology to financial instruments, such as mutual fund shares. It enables faster settlement, 24/7 transactability, and more efficient recordkeeping. Why It Matters Beyond efficiency, tokenization may open access to a younger, digital-native investor base that is already comfortable with wallets, private keys, and blockchain tools. Why Money Market Funds Came First Money market funds were a logical starting point, but tokenization is not limited to any particular strategy and depends more on distribution and investor demographics. The Adoption Curve The industry has moved past early adoption, and firms must now decide when—not whether—to adopt tokenization. Regulatory Outlook While regulatory perspectives shift, overall direction points toward continued acceptance of blockchain technologies. What Comes Next Tokenization may increase transaction speed, integrate financial services, and support AI-driven financial interactions. The Bottom Line Tokenization represents a structural shift in financial markets, and delaying engagement may carry its own risks. - Published: 2026-06-01 - Modified: 2026-06-01 - URL: https://practus.com/finra-expands-rapid-remediation-program-what-broker-dealers-and-compliance-officers-need-to-know/ On May 11, 2026, FINRA announced an expansion of its Rapid Remediation program, reinforcing its focus on identifying and addressing reporting, surveillance, audit trail, and supervisory deficiencies at broker-dealers. While the program is framed as an opportunity for early remediation, the announcement also reflects a broader regulatory trend toward more sophisticated oversight through data analytics and automated surveillance. How FINRA’s Update Raises the Stakes for Firms FINRA’s message is clear: firms should treat Rapid Remediation outreach as a serious regulatory event, even when framed as informal. The program is intended to resolve issues earlier, but it also signals FINRA’s increasing ability to detect data-quality, reporting, and supervisory weaknesses quickly through automated surveillance. Expanded Areas of FINRA Surveillance Options Origin Code accuracy and reporting integrity; Timeliness and completeness of SEC Rule 606 submissions; TRACE reporting accuracy involving fixed income transaction capacity reporting; Foreign Sovereign Debt TRACE reporting obligations; Fixed income excessive commission and transaction cost surveillance; and Other transaction reporting, supervisory, and audit trail deficiencies. FINRA’s Expansion Means Several Clear Expectations for Firms: Maintain effective supervisory systems capable of identifying reporting and operational deficiencies promptly. Document root-cause analysis and corrective action to show that remediation is thorough and sustainable. Respond quickly and comprehensively to reduce the likelihood of formal escalation. Address recurring deficiencies carefully, because unsupported remediation efforts may materially increase regulatory exposure. Key Regulatory and Operational Risks for Broker-Dealers FINRA’S expanded program creates several key regulatory and operational risks for firms: Increased scrutiny of CAT, TRACE, Rule 606, and options... - Published: 2026-05-31 - Modified: 2026-06-30 - URL: https://practus.com/from-course-to-compass-eight-years-of-practus/ Eight years ago, we set out with a clear destination in mind: to build a modern law firm that stripped away the administrative anchors of legacy structures and placed partner-level counsel exactly where it belongs—directly alongside the client. Since we first launched, our bold blueprint for a distributed model has transformed into a highly resilient, cross-functional network of over 100 legal and industry professionals.  This final part of the Forged to Endure anniversary series looks at the coordinates we’ve mapped so far and how that will help us venture into the open horizon that is the future of law. Mapping the Journey: A Look Back at the Series  Our anniversary theme was inspired by bronze: the traditional 8th anniversary gift and a vital material in marine navigation. Bronze is an alloy, forged by combining separate elements to create a metal denser, stronger, and more resilient than its individual parts. Over the past month, we’ve explored how this concept defines the modern architecture of Practus.   If you missed any part of the series, you can catch up on the journey here:  Part 1: Setting the Course: How Practus Was Built Differently We dove into our origin story, tracing how we grew from a launch team of 16 to a powerhouse of over 100 professionals. This piece explores our partner-led structure, why we broke the traditional associate pyramid, and how our distributed model was built by design to give attorneys true autonomy and clients top-tier legal services. Part 2: Changing Tides: What’s Reshaping the Legal Industry The legal landscape is experiencing accelerated shifts across client expectations, technology, and... - Published: 2026-05-22 - Modified: 2026-06-01 - URL: https://practus.com/sec-no-deny-policy-rescinded-what-it-means-for-enforcement-settlements/ How the SEC’s no-deny policy change affects enforcement actions, settlements, litigation, and reputational risk On May 18, 2026, the Securities and Exchange Commission rescinded its longstanding no-deny policy, which prohibited settling respondents from publicly denying allegations in SEC enforcement settlements resolved on a neither admit nor deny basis. Although procedural, the change is significant and may affect SEC settlement strategy, enforcement negotiations, public communications, reputational risk, and parallel civil or regulatory proceedings. This policy recission could materially change how public companies, regulated firms, executives, investment advisers, and digital asset market participants, approach SEC investigations and settlements going forward. How the SEC No-Deny Policy Change Affects Public Statements For decades, the SEC routinely required settling parties to agree not to make public statements denying the allegations in settled enforcement actions or suggesting that the SEC’s claims lacked factual support. That restriction was incorporated into standard settlement language and supported by Rule 202. 5(e) of the SEC’s Rules of Practice. So, although respondents could settle without admitting liability, they couldn’t publicly defend themselves afterward, either. But the SEC’s eliminated that restriction, which is especially meaningful from an enforcement defense perspective. Will the SEC Policy Change Make Settlements More Attractive? In many SEC investigations, particularly matters involving public issuers, regulated firms, senior executives, or registered representatives, reputational damage is often as important as the monetary sanctions themselves. Historically, respondents were frequently placed in the position of either litigating through trial to preserve the ability to publicly contest the allegations or settling with the... - Published: 2026-05-18 - Modified: 2026-05-18 - URL: https://practus.com/practus-congratulates-themes-on-launch-of-eleven-new-etfs/ Longtime Practus client Themes ETFs reached another milestone with the launch of eleven exchange-traded funds (ETFs). To mark the occasion, on May 14, Themes executives rang the closing bell at the Chicago Board Options Exchange (CBOE). Karen Aspinall, who handled the launch of these funds for Themes, said it’s exciting to celebrate this achievement, “The team’s innovation, leadership and continued growth have been remarkable to watch, and we are grateful for the strong partnership we’ve built together. We congratulate the entire organization on this well-deserved recognition and look forward to their continued success. ” Aspinall, Robert Elwood, Tina Bloom and Andres Idarraga joined Themes in Chicago to commemorate the occasion. Themes has now launched 109 ETFs. This latest accomplishment reflects Themes’ continued momentum in the ETF space. Practus looks forward to supporting the team as it builds on this success. - Published: 2026-05-17 - Modified: 2026-06-30 - URL: https://practus.com/built-to-navigate-the-practus-approach-to-modern-legal-service/ In maritime navigation, precision instruments are necessary for a successful voyage. A crew might have the best intentions, but without the right tools and a structured operational plan, they simply drift. Captains rely on navigation systems, real-time data, and coordinated crews to adjust course as conditions evolve.   At Practus, we believe the same applies to the law. To endure in a modern business environment, a law firm must be built to navigate alongside the client rather than advising from a distance. As we celebrate our 8th anniversary through the Forged to Endure series, this article touches on how Practus executes differently and what that means for our clients. A big part of that is operationalizing legal services to run like a modern business. 1. Operationalizing the Law: The Fractional GC Model  The traditional attorney-client relationship can lean reactionary—a client reaches out when there’s a fire, and the firm helps the client respond. Many of our Corporate Services attorneys work with clients in an embedded counsel model, often serving as fractional general counsel for companies that require sophisticated oversight without the bloat of a full-time, in-house department.   By integrating directly into our clients' business teams, we move from being a "vendor" to a "navigator" through:  Continuous Coverage: Instead of starting from zero on every matter, our attorneys maintain a baseline understanding of the client’s risk tolerance and business goals.   Proactive vs. Reactive: Embedded legal services allow attorneys to identify potential legal hurdles before they move towards litigation, effectively "steering" around the storm rather than just surviving it.   Cost Efficiency: Fractional services provide the caliber of... - Published: 2026-05-12 - Modified: 2026-05-12 - URL: https://practus.com/tim-billick-to-speak-at-creators-conference-in-seattle/ Cre8te Summit 2026 will take place in Seattle on May 14–15. This two-day conference is designed to help creators, founders, entrepreneurs, small business owners, and operators build the systems that turn creative work into sustainable businesses. Tim Billick will speak on a core issue for creators—intellectual property. His lecture, “Pitfalls in IP for Independent Creators,” will take place on May 14 and he will be taking additional questions May 15 in an “Ask Me Anything” style lecture. Billick says, “We’ll discuss actionable steps that any entrepreneur can take to safeguard their IP and thrive in an uncertain environment. We’ll also make sure to share the most common mistakes I’ve seen people regarding their IP. I love being a part of this community and I’m excited to help as many people as I can. ” Who Should Attend Creators building businesses, not just content Founders and operators in creative industries Small business owners and entrepreneurs Platform and technology partners Service providers supporting creators (legal, finance, production, marketing) Workforce and economic development leaders Learn more about the Cre8te Summit here: https://www. cre8tesummit. com - Published: 2026-05-10 - Modified: 2026-06-30 - URL: https://practus.com/changing-tides-whats-reshaping-the-legal-industry/ In the maritime world, the most dangerous conditions aren’t necessarily the visible storms.  The changing tides, created by powerful underwater shifts, can pull a vessel off course before the crew even notices, and the legal industry is experiencing one of those tidal shifts. The law historically faces gradual evolution. But with new client expectations, rapid adoption of technology, and an upcoming generation of partner-level attorneys, the legal industry is in the midst of accelerated change. One that includes a decisive move away from legacy structures. As we celebrate eight years of Practus, we’re looking at the forces reshaping the legal industry trends in 2026 through the lens of our theme: Forged to Endure.  Just as bronze was forged to withstand the corrosive power of the seas, a law firm’s model must be forged to withstand the pressures of modern business. Part two of this anniversary series dives into what is driving change within the legal industry... and how to tell if a firm is built to weather it. The Forces Driving Change  To understand where the industry is heading, let’s look at what’s changing beneath the surface. Clients Are Redefining Value: From Hours to Outcomes  For decades, the legal industry’s compass was set to the billable hour. But today’s clients are redefining value. Instead of buying time, clients are investing in legal teams that provide strategy, responsiveness, and direct access. The modern client expects:  Working with an attorney who best suits their needs, regardless of geographic location  Faster, more direct communication with experienced counsel  Pricing that reflects efficiency and transparency  Guidance that accounts for multi-jurisdictional realities across practice areas  Traditional models with heavy associate... - Published: 2026-05-04 - Modified: 2026-06-30 - URL: https://practus.com/setting-the-course-how-practus-was-built-differently/ For eight years, Practus LLP has helped attorneys and clients navigate an evolving legal landscape: one shaped by shifting expectations, rapid technological change, and a growing demand for smarter, more flexible legal solutions.   This anniversary marks more than just another year in business. It’s a moment to reflect on how we got here and why the foundation we built was designed not just to last, but to endure.   In this 8th anniversary series, we’re embracing the theme of Forged to Endure, drawing inspiration from bronze—the traditional anniversary gift to celebrate eight years together. Bronze is not a single element, but a blend. It’s stronger together than each of its individual elements. It can be molded into complex shapes, stand up to challenging environments like the ocean, and last the test of time. It’s why bronze is still the go-to material in the marine industry. It’s more resilient because of how it’s forged.   That idea sits at the core of Practus.   Our firm wasn’t built by accident. We intentionally took those individual elements that bring out the best of the practice of law and brought them together to create a modern law firm that’s built to last. It all started by setting the course towards a new horizon of law.   Chasing the Horizon, Not the Status Quo  The coordinates for Practus were plotted long before our official launch eight years ago. Back in 2009, our founders, John Lively and Bob Elwood, realized that the traditional law map was leading talented attorneys toward burnout and clients toward inflated invoices. The old model... - Published: 2026-05-01 - Modified: 2026-05-01 - URL: https://practus.com/beyond-legal-advice-why-etf-sponsors-need-strategic-counsel-not-just-outside-counsel/ Series: This is the third installment in our ETF innovation series. Read the earlier posts: From First-to-Market to First-to-Scale: What It Really Takes to Launch Innovative ETFs Today and The New ETF Frontier: Digital Assets, Tokenization, and the Regulatory Tightrope. It’s tempting to think ETF legal work is mostly drafting documents, answering questions, and responding to issues as they arise until the product is “filed. ” In reality, ETF counsel – good ETF counsel – keeps the product, compliance, operations, and distribution models aligned, with the ability to make any changes early while it is still cheap to do so. The Traditional Law Firm Model Is Showing Its Limits Their reactive, transactional approach can work for straightforward products. But as ETF structures, strategies, and distribution models become more complex and timelines compress, the environment easily foments friction and late-stage surprises. Unless – you have ETF sponsors who retain strategic counsel from day one. From Reactive to Embedded In practice, this looks less like an occasional checkpoint and more like an extension of the sponsor’s internal team—embedded in planning, aligned with stakeholders, and focused on preventing issues instead of reacting to them. Typically, embedded counsel will: Engage early in product design and disclosure decisions (before they become constraints) Shape regulatory strategy and SEC positioning proactively—not after issues surface Coordinate across compliance, operations, portfolio management, and leadership to keep decisions aligned Provide continuity from concept through launch and into ongoing management The result is a shift from last-mile legal support to ongoing,... - Published: 2026-04-24 - Modified: 2026-05-19 - URL: https://practus.com/practus-and-harneys-to-host-webinar-on-latest-private-fund-trends-in-cayman-and-bvi/ Private Funds in Cayman and BVI – Latest Trends for U. S. Fund Managers | May 27 | 11:30 a. m. ET /8:30a. m. PT Practus LLP, in collaboration with Harneys, will host a timely webinar for U. S. fund managers and financial services professionals navigating private fund formation and operations in the British Virgin Islands (BVI) and the Cayman Islands. The program will cover current legal, regulatory, and practical considerations for structuring alternative investment funds in two of the world’s leading offshore jurisdictions.   Webinar Details  Title: Private Funds in Cayman and BVI – Latest Trends for U. S. Fund Managers  Date/Time: May 27, 11:30 a. m. ET  Hosts: Practus LLP and Harneys  Speakers: Timothy Spangler (Practus), Christopher Hayes (Practus, moderator), and James Smith (Harneys)  Registration: https://events. teams. microsoft. com/event/9dd0e3b0-51e6-480f-b529-79c2d7864dae@0508b8bc-e99f-4f3f-b041-3fc36de11f63 What to Expect  A detailed discussion of the legal, regulatory, and business landscape for forming alternative investment funds under BVI or Cayman Islands law.   A practical comparison of similarities and differences between the two regulatory regimes.   Guidance on key structuring decisions, including fund types, costs, and timelines.   An overview of the process for forming a Cayman or BVI company and understanding ongoing obligations.   Who Should Attend  Fund managers  Chief compliance officers and risk professionals  General counsel and in-house legal teams at financial services firms  Family office executives and wealth advisers  Accountants, consultants, and international structuring specialists  Speakers  Christopher Hayes (Moderator) is a partner at Practus LLP with more than 20 years of experience advising investment managers and financial institutions on regulatory and... - Published: 2026-04-24 - Modified: 2026-04-24 - URL: https://practus.com/six-minutes-with-maxi-lyons/ 1. How do you define your legal practice and typical clients?    I focus on building, protecting, and optimizing businesses — particularly through sophisticated corporate, transactional, and governance work. My clients range from founders and emerging companies to established organizations navigating growth, restructuring, or strategic transactions. They come to me because they want a lawyer who is both a strategist and a problem‑solver — someone who can see around corners and translate complex issues into real‑world, plain‑spoken solutions, and help them close deals that remain solid long after the ink dries. 2. Tell us about your legal career journey. What made you become a lawyer and how did you land at Practus?   I became a lawyer because I’ve always been drawn to structure — not as a cage, but as a framework where curiosity can breathe and creative solutions can take shape in a world that often insists everything is black and white. And at the heart of it, I’ve always loved the challenge of solving complex problems in a way that empowers people. My path has carried me through traditional firms, general counsel roles, and entrepreneurial environments, each one sharpening my instinct to look beneath the surface and understand the business heartbeat behind every legal decision. Practus felt inevitable: a modern platform that honors autonomy, innovation, and the belief that you can practice law at a high level without surrendering the rest of your life to it. 3. What is the one thing you wish people about to hire a lawyer with... - Published: 2026-04-21 - Modified: 2026-04-21 - URL: https://practus.com/the-new-etf-frontier-digital-assets-tokenization-and-the-regulatory-tightrope/ Innovation is Easy. Approval is Not Digital assets are having a moment. But for ETF sponsors, in addition to the underlying product innovation, there is still the need to concurrently navigate the regulatory gauntlet of custody, valuation, market integrity and compliance. Formerly fringe, digital assets are firmly implanted in the product pipeline. Even with investor demand rising, many digital asset ETF concepts don’t fail in design – they stall in regulatory review. We’ve worked alongside sponsors on first-of-their-kind cryptocurrency and blockchain-based ETF structures, and most products stumble somewhere between the concept and approval. In a review process where precedent is limited and expectations keep evolving, the idea doesn’t define success. The idea that can withstand scrutiny does. Where Digital Assets and ETFs Intersect Next gen ETFs are being shaped by a convergence of traditional fund structures and digital innovation, including: Cryptocurrency-linked ETFs (spot and futures-based) Tokenized fund structures leveraging blockchain infrastructure Hybrid strategies combining traditional securities with digital assets Staking and yield-generating mechanisms within registered products Each of these presents new opportunities—but also introduces new layers of complexity that must be addressed long before a filing is made. The Regulatory Reality: What Matters Most Digital asset ETFs face a distinct set of regulatory considerations that extend well beyond traditional fund structures. Among the most critical: Custody How are digital assets securely held, verified, and safeguarded within a compliant framework? Valuation Can pricing be determined consistently across fragmented, volatile, or thinly traded markets? Market Integrity What protections are in place to... - Published: 2026-04-16 - Modified: 2026-04-27 - URL: https://practus.com/practus-llp-to-participate-in-ultimus-client-summit-sharing-operational-insights-on-retail-alternatives/ Grapevine, TX — Practus LLP will participate in the Ultimus Client Summit, hosted by Ultimus Fund Solutions, April 22–24, 2026. The annual event brings together fund sponsors, asset managers, and industry leaders to discuss emerging trends, regulatory developments, and operational best practices in investment management. Raymond Holst will represent Practus in Breakout Session 4: “The Operational Tales of Retail Alternatives. ” Holst often provides tax and other operational advice to regulated investment companies that trade nontraditional assets classes. “As retail funds continue to add alternative asset classes, we look forward to sharing practical insights to help participants manage these products,” said Holst. The Ultimus Client Summit is a forum for collaboration and knowledge-sharing across the fund ecosystem, with programming focused on registered funds, ETFs, and alternative investment vehicles. Attendees will explore fund innovation, compliance, and operational efficiency. Practus LLP advises clients like Ultimus and their fund sponsors across the lifecycle of investment products—from structuring and launch through ongoing regulatory support. About Practus LLPPractus LLP is a modern law firm serving clients across investment management and financial services. Practus advises registered funds, ETFs, and alternative investment products, delivering practical legal solutions that support innovation and growth. - Published: 2026-04-14 - Modified: 2026-04-14 - URL: https://practus.com/from-first-to-market-to-first-to-scale-what-it-really-takes-to-launch-innovative-etfs-today/ The ETF Market Rewards Speed—But Punishes Missteps Being first-to-market matters in the ETF environment. But being first with the wrong legal and regulatory strategy? We’ll pass, thanks. As an ETF formation law firm, Practus has not only advised on innovative products—we’ve helped define them. Our attorneys have been directly involved in market-first transactions, including advising on the first mutual fund–to–ETF conversion in the United States and structuring some of the earliest 1940 Act–registered cryptocurrency ETFs. These product launches required: Novel regulatory interpretation Close coordination with the SEC Fully integrated legal, tax, and operational strategy That’s what ETF innovation demands – not just moving fast—but navigating what hasn’t been done before. Over the last several years, we’ve seen ETF innovation morph from mutual fund-to-ETF conversions to increasingly complex structures involving derivatives, alternatives, and digital assets. What used to be fairly straightforward (and somewhat repetitive) product launches have evolved into complex exercises in regulatory navigation, operational alignment, and strategic execution. In other words, launching an innovative ETF isn’t horseshoes. Close doesn’t even come close. It’s precision or nothing. What’s Changed in ETF Launch Strategy? Rapid progress in the ETF landscape means sponsors face a fundamentally different terrain than existed even a few years ago, when making do with more-of-the same could work. Since then, ETF launch strategies have had to change to navigate: Heightened regulatory scrutiny from the SEC Increased complexity in fund structures and exposures Greater competition driving compressed timelines Operational dependencies across custodians, APs, and service providers As innovation has... - Published: 2026-04-02 - Modified: 2026-04-06 - URL: https://practus.com/tim-billick-tackles-copyright-law-in-the-age-of-ai/ Seattle, WA — When it comes to content creation, courts are scrambling to keep up with the impact Generative AI is having and answer the question – where does innovation end and copyright protection begin? In April, Practus LLP intellectual property attorney Tim Billick will explore this evolving legal frontier during a full-day CLE presentation at the Washington State Bar Association IP Institute.   Billick’s session, “Good Fences: How Copyright Law Can Establish Boundaries with Generative AI,” takes place April 24, 2026.  It will unpack the latest case law addressing AI platforms such as ChatGPT, Suno, Gemini, and Grok, and explore the legal lines courts are beginning to draw around AI-generated content. Attorneys will leave with practical guidance for prosecuting and defending copyright claims involving generated AI.   Says Billick, “Every time we’ve seen a technological advancement, people always assume the law is too old to handle it. But this presentation will break down strategies for handling disputes involving GenAI with the copyright laws we already have. ”  Enrollment is open for the program: The 31st Annual Intellectual Property Institute. More about Tim Billick - Published: 2026-03-26 - Modified: 2026-03-26 - URL: https://practus.com/jess-collen-for-forbes-the-supreme-court-decision-every-trademark-owner-and-influencer-needs-to-know-about/ The U. S. Supreme Court’s unanimous decision in Cox v. Sony could reshape liability for influencers and online promoters. The High Court held that while Cox provided Internet service, knowing that service may be used for infringement – that’s not enough to establish liability. There must be intent to induce or materially contribute to infringement.   So, what does that mean for influencers and trademark owners? Read my full analysis of the ruling and its implications in my latest blog on Forbes. More about Jess Collen - Published: 2026-03-24 - Modified: 2026-07-13 - URL: https://practus.com/steven-young-nabs-top-rated-lawyer-rating/ Practus Litigation Chair Steven Young has earned the Martindale-AVVO 2026 Superb Attorney Rating. A “Superb” lawyer rating means Young scored 10. 0 on a 10. 0 scale. It represents the highest ranking in AVVO’s proprietary system based on experience, reputation, and professional conduct. AVVO considers public data, including licensing records, disciplinary actions, information provided by the attorney, and client reviews. The ratings are intended to help consumers identify top-rated legal professionals and is only awarded to those lawyers who have the highest ethical standards, legal knowledge, and professional ability. Congratulations to “Superb” attorney Steve Young! More about Steven Young - Published: 2026-03-23 - Modified: 2026-04-01 - URL: https://practus.com/women-in-law-the-leaders-behind-the-business-of-practus/ March is Women's History Month, which provides a moment for industries across the world to reflect on the evolving opportunities for professional women.  It’s a time to celebrate progress and contributions women have made throughout the years while acknowledging how we can continue to improve to reach true gender equity, especially for women in law. At Practus, that conversation extends beyond the attorneys who represent clients every day. While lawyers remain at the center of the profession, the success of a modern law firm increasingly depends on the professionals who build, operate, and innovate the business side of legal services.   One of the ways Practus stands apart from other firms is its leadership model. Unlike many traditional firms that are managed almost entirely by practicing attorneys, Practus embraces a structure where experienced business leaders run the operational side of the firm. This allows attorneys to focus on what they do best—serving clients and practicing law—while dedicated experts guide strategy, operations, recruiting, and culture.   Many of the leaders at our firm are women whose expertise and vision have helped shape every aspect of the firm. This Women’s History Month, we’re highlighting several of the women whose leadership helps power Practus behind the scenes. But first, let’s dive into why this leadership structure is so important to us as a modern law firm. Why Modern Law Firms Need Business Leadership  Managing a law firm as an attorney can be a rewarding experience, but that structure also comes with challenges of balancing client work and the operational side of the firm. Developing a leadership structure that pulls together attorneys and non-attorneys creates an innovative approach that can better navigate today’s complex market, including overcoming obstacles such as: Rapid advances in legal... - Published: 2026-03-12 - Modified: 2026-07-06 - URL: https://practus.com/six-minutes-with-tanya-foreman/ 1. How do you define your legal practice and typical clients? I serve as outside general counsel to new and established businesses and individual professionals across a variety of industries. My practice spans entity formations, corporate governance, contract architecture, trademark protection, mergers and acquisitions, and equity structuring. I focus on building forward-looking legal infrastructure – not litigating disputes. While I am industry-agnostic, I am not mindset-agnostic. My typical client understands that engaging experienced legal counsel is a strategic advantage – not a cost to negotiate. They value thoughtful planning, enforceable agreements, and long-term strategy over quick fixes or generic templates. 2. Tell us about your legal career journey. What made you become a lawyer? Having a strong background in math and majoring in Accounting from the University of Florida, I always planned to become a CPA like my father. However, after a last-minute application to the University of Miami School of Law, thinking I would become a tax attorney, the course of my future took an unexpected turn. Thanks to my tax law professor, I switched courses again and set out to become a business attorney, which turned out to be the best decision. Practicing business law has afforded me the opportunity to pull from my accounting background while helping clients with all aspects of running a business and selling or buying businesses. And how did you get to Practus? I was in search of an alternative to the often rigorous and unreasonable demands of the traditional law firm setting.... - Published: 2026-03-11 - Modified: 2026-03-23 - URL: https://practus.com/why-having-chatgpt-write-your-contracts-or-downloading-them-from-the-internet-wont-save-you-money/ I encounter this a lot in my practice: clients who pull a contract from the internet (or have ChatGPT create it), then send it to me to do a “quick review. ” They think they’re going to save money by using less of my time. Let’s be clear. That will not save a client money because I will still need to review that contract thoroughly.  And I’m not rubber-stamping something a bot wrote. It’s often cheaper for an attorney to draft a contract from scratch or use a contract they’re already familiar with and tailor it to a client’s business, etc. Many attorneys won’t even look at a contract pulled from the internet. And it speaks to a larger issue that tempts business owners – to call the lawyer later rather than sooner. If you need a contract, you need a lawyer now. Know Where Your Leverage is in a Contract  With regard to contracts, your greatest leverage exists before a problem arises. An upfront investment in a well-drafted, air-tight customer contract that can be used repeatedly is almost always worth it. Here’s why: It protects your business It sets expectations It reduces friction – over and over again. Why I’m Not Down with Downloaded Contracts Negotiating Leverage Goes Away If you download a contract from the internet, begin negotiating on your own, exchange multiple drafts, and then call an attorney to “take a quick look,” most of your strategic advantage and negotiating leverage is already gone. By then, positions are anchored,... - Published: 2026-03-06 - Modified: 2026-03-06 - URL: https://practus.com/four-takeaways-from-the-2026-nalsc-annual-conference-in-new-orleans/ The 2026 National Association of Legal Search Consultants (NALSC) just held their annual conference in New Orleans. We love to attend this largest gathering of legal recruiters in the country. This year was no different, and not just because they're a fun, smart group or that some of us (we won't name names) are seriously pushing for an office in NOLA just because some of us (we won't name names) love NOLA so much. Meeting up with these colleagues always gives us real-time insights into the ever-evolving legal industry and allows us to share ideas with the best in the business. On that note, I'd like to share with you my key takeaways from 2026 NALSC. 1. Technology (AI) was on everybody's mind Technology worked its way into many conversations - particularly in a panel discussion about rapidly changing landscapes in the legal industry, because of AI. Practus' Chief Innovation & Strategy Officer participated in that panel. We learned profit per lawyer for all law firms is up 39% since 2019 (53. 7% for Big Law, 25. 5% for Midsize), but that AI is doing a lot of the work that associates used to cut their teeth on right out of law school. This shift will impact billable hours, alternative fee agreements, and reshape recruiting priorities. You can read Val's whole blog on the matter here: https://lnkd. in/dQxWJ772 2. OK, Boomer (and Gen X and Millennials) - Time to welcome Gen Z Gen Z is out of college and working,... - Published: 2026-03-05 - Modified: 2026-03-09 - URL: https://practus.com/tanya-foreman-speaks-to-university-of-north-florida-business-students/ (Jacksonville, FL) Practus attorney Tanya Foreman brought her business expertise to the University of North Florida, March 5. Professor John Laurie, Ph. D. asked Foreman to speak to students in his Entrepreneurship class about the importance of Operating Agreements for limited liability companies. Says Foreman, “It was so encouraging to see the next generation of business owners engaged and asking terrific questions. Hopefully, I shared words of wisdom they’ll remember when they start their own businesses. ” Some twenty-three students attended the lecture. Foreman was recommended for the speaking engagement because of her deep experience with business matters, corporate governance, mergers and acquisitions and more. More about Tanya Foreman - Published: 2026-02-27 - Modified: 2026-03-02 - URL: https://practus.com/scotus-ruling-opens-possibility-for-import-tariff-refunds/ If you're a company who paid tariffs, you might be eligible for tariff refunds. But we won't know for sure until the U. S. Customs and Border Protection (CBP) issues formal guidance before operational changes can be made.   In an unexpected twist, the Supreme Court didn't give the Trump administration what it wanted. On February 20, 2026, SCOTUS ruled 6–3 that the International Emergency Economic Powers Act (IEEPA) does not authorize the president to impose tariffs.  Learning Resources v Trump (SCOTUS case no. 24-1287). Naturally, he's going to figure out ways to get around this ruling, but he will be limited in doing so. What does this mean for Tariff Refunds? Unless Congress enacts new legislation addressing the refunds, only importers of record are presently entitled to file refund claims. "Importers of record" may be able to obtain refunds for duties paid. Refund eligibility and process will likely hinge on whether entries are liquidated or unliquidated and whether timely action is taken. (Also, if your importers say they charged you extra to cover Trump's IEEPA tariffs, you should contact their importers promptly to arrange how any refunds will be requested and passed along. ) Step 1: Get your Records Together & Confirm Liquidity Status To support potential refund claims, importers of record should identify all entries subject to IEEPA tariffs, confirm liquidation status, gather entry summaries and proof of payment, and monitor filing deadlines. Some companies have this baked into automated systems. If you do, congrats! If you don't, get on it. What is... - Published: 2026-02-26 - Modified: 2026-03-26 - URL: https://practus.com/legal-recruiting-trends-2026-pricing-leverage-technology/ If you look only at the headline numbers, the legal industry appears untouchable. Demand remains elevated across both transactional and counter-cyclical practices. Margins, particularly at the top end of the market, remain enviable. Worked rate growth continues to outpace inflation. Technology budgets are expanding rather than contracting. By nearly every traditional financial metric, law firms are thriving. And yet something deeper is shifting. Not collapsing. Not combusting. Rewiring. We are witnessing disruption, but not from weakness. The structural disruption evolving in front of us is born of strength. The legal market has capital, confidence, and optionality - and that combination is far more transformative than crisis. When firms are under stress, they react. When firms are strong, they redesign. Technology planted the seeds of this disruption. While not dismantling the traditional law firm model overnight, it is steadily altering the relationship between time and value. Pricing sophistication is not eliminating the billable hour tomorrow, but it is reshaping how firms think about margin, predictability, and client expectations. Hiring patterns are not exploding; they are tightening - becoming more deliberate, more data-driven, and more structurally aware. The firms that recognize these shifts early will not look dramatically different this quarter. Five years from now, however, they will be operating on entirely different foundations. For legal recruiters and lateral partners, this is the moment that matters - not because the sky is falling, but because the architecture is being redesigned while the sun is shining. This is a recalibration cycle, and recalibration... - Published: 2026-02-25 - Modified: 2026-02-25 - URL: https://practus.com/when-the-best-offense-is-a-fantastic-defense-tim-billicks-client-win/ Tim Billick was not the first attorney his client sought out, but he was the last. A competitor sent his client a cease-and-desist letter and sued them in federal court. The client’s first attorney almost botched the case and then referred them to Billick. Tim says, “Defending claims such as these can run in the hundreds and thousands of dollars – unless you build a great defense. ” The Brand is Back Together Billick came up with a defense strategy so good the opposing counsel voluntarily dismissed the case and agreed to leave his client alone. For roughly $4K, Billick got his client out from under a potentially financially devastating situation. They can now use their brand to expand their business. More about Tim Billick - Published: 2026-02-23 - Modified: 2026-02-23 - URL: https://practus.com/practus-valerie-spengler-future-of-legal-tech-at-2026-nalsc/ Chief Innovation & Strategy Officer, Valerie Spengler will speak at the 2026 NALSC: National Association of Legal Search Consultants Annual Conference on Friday, February 27, in New Orleans. Valerie joins Gif Thornton, Managing Partner of Adams & Reese, and Brent Turner, Senior Vice President of Client Engagement at Harbor, for the panel discussion, “Where Do We Go from Here? How Technology is Taking Over the Legal Profession and Other Predictions. ” They will discuss how technological advancements—along with regulatory, industry, and political shifts—are transforming the legal landscape and reshaping recruiting priorities. Valerie and the other panelists will also share insights on what these changes mean for the legal industry and law firms in the years ahead. The panel takes place Friday, February 27, from 4:15–5:15 p. m. CT (Day 2 of the conference). Learn more about the 2026 NALSC Annual Conference here: https://www. nalsc. org/2026-nalsc-annual-conference-agenda/ More about Valerie Spengler - Published: 2026-02-23 - Modified: 2026-02-24 - URL: https://practus.com/six-minutes-with-andrew-vining/ 1. How do you define your legal practice and typical clients?    I define my practice as a partnership between myself and the client to accomplish strategic objectives while minimizing legal risk. I work with a variety of people from entrepreneurs to medium-sized privately held businesses across different industries. With that said, I do have a keen interest in both the manufacturing and professional services industries. 2. Tell us about your legal career journey. What made you become a lawyer and how did you land at Practus?    My legal journey has been a long and windy road. At age seven, I decided that I wanted to be a lawyer. Um, at age seven you wanted to be a lawyer? Shouldn’t you have been playing video games or wearing a cape and catching bad guys, or something? I saw my uncle open his law practice with a former Hillsborough County Assistant State Attorney, and it was love at first sight. As I learned more about practicing law, I realized it was the path for me. Back then, I thought I was going to be a prosecutor. The closest I came to that was an internship at the Harris County District Attorney’s Office during the summer of my 3L year. The root of my decision to become a lawyer was a desire to serve my community, which I initially believed meant becoming a prosecutor. However, I found a path in corporate law that proved to be the right fit for me.... - Published: 2026-02-06 - Modified: 2026-02-06 - URL: https://practus.com/huddle-up-considerations-when-referring-to-the-super-bowl/ I’m sure Google is overrun with the query: "Can I say the words 'Super Bowl' in my ad without getting a cease-and-desist letter faster than a blitzing linebacker? " The short answer? It’s complicated. The NFL guards its trademarks with the intensity of a goal-line stand. If you want to stay in bounds (metaphorically speaking), you need to know the rules of the game. The Rulebook (at least in the 9th Circuit): The Sleekcraft Factors When a trademark owner argues that a brand is infringing, the courts often look at the likelihood of confusion. In Ninth Circuit jurisdictions, this is guided by the "Sleekcraft Factors," stemming from the case AMF Inc. v. Sleekcraft Boats. These are the 8 factors courts weigh to see if a consumer might be confused: Strength of the Mark: How famous and distinctive is "THE SUPER BOWL"? Proximity of the Goods: Are the products related (e. g. , sports apparel vs. car parts)? Similarity of the Marks: How much does the new mark look or sound like "Super Bowl"? Evidence of Actual Confusion: Have customers actually been tricked? Marketing Channels Used: Are both parties advertising in the same spaces? Type of Goods and Degree of Care: Is the consumer buying an impulse item or a high-end luxury service? Defendant’s Intent: Was the mark chosen specifically to ride the NFL's coattails? Likelihood of Expansion: Is there a chance the NFL will eventually enter that market? The League’s Pass Rushers: Their Federal Court Litigators NFL Properties is not... - Published: 2026-02-05 - Modified: 2026-02-05 - URL: https://practus.com/two-trends-in-etfs-ray-holst-expects-in-2026/ It’s no secret that 2025 set records for U. S. ETFs, pulling in more than $1T in fund inflows. Record inflows at a record place.  And while ETF investing has been on a consistent uptick for years, last year’s momentum was striking. As of February 2026 – it shows no sign of stopping. Here are two trends I noticed in 2025 that I expect to see a lot more of:  Using Code Section 351 Nontaxable Contributions  In 2025, we saw an acceleration of investment advisers seeding newly created ETFs using Separate Managed Accounts (SMAs) with appreciated securities via Code Section 351 nontaxable contributions. We expect that trend to continue throughout 2026.   Proliferation of ETFs with Non-Traditional Asset Mixes  Another trend we noticed in 2025 was the proliferation of ETFs with non-traditional asset mixes, such as ETFs with leveraged exposure, whether positive or negative, to a single name and ETFs seeking returns based on digital assets. Much like the increase we saw in Code Section 351 activity, we expect to see this non-traditional asset exposure continue to grow in 2026.   More about Ray Holst More about Practus' ETF Practice - Published: 2026-02-03 - Modified: 2026-02-23 - URL: https://practus.com/timothy-spangler-quoted-in-sondhelm-partners-hedge-fund-marketing-guide/ Hedge funds can use marketing to educate investors – as long as they play within the rules. Sondhelm Partners is a financial marketing and distribution firm that works to help asset managers grow and retain a greater share of assets. It just published an article, The Hedge Fund Manager’s Guide to Marketing Compliance. Sondhelm tapped Timothy Spangler and some other experts for practical advice Investment Mangers can use to compliantly market their funds to raise assets and revenue. As Tim says in the article, “Failure to comply with hedge fund marketing regulations can be severe. ” You can read the entire article here. - Published: 2026-01-26 - Modified: 2026-01-28 - URL: https://practus.com/practus-client-yorkville-america-llc-rings-opening-bell-at-nyse/ (New York, NY) Yorkville America Equities, LLP, a client of Practus, celebrated its recent listing of five new Truth Social Funds (NYSE Arca: Truth Social American Security & Defense ETS (TSSD); Truth Social Next Frontiers ETF (TSNF); Truth Social American Icons ETF (TSIC); Truth Social American Energy Security ETF (TSES); Truth Social Red State REITs ETF (TSRS))by ringing the Opening Bell® at the New York Stock Exchange.  John Lively, Managing Partner of Practus and primary service partner for the Truth Social Funds and Yorkville America Equities relationship, along with Practus partners, Stephen King and Bobby Rhatigan, joined Yorkville executives for the event on January 15. Says Lively, “Congratulations to the Yorkville America Equities and Truth Social Funds teams.  These EFTs promote an America First and Made in America theme that offers investors a means to put their capital toward promoting American economic strength, innovation and independence. ”  The ETFs are designed to allow investors to build an America First, diversified portfolio, providing exposure to bitcoin, U. S. brands, innovation, security & defense, energy security, and real estate in Republican-voting states.   Learn more about Practus’ ETF services  Learn more about Truth Social Funds ETFs  More about John Lively  More about Stephen King  More about Robert Rhatigan - Published: 2026-01-26 - Modified: 2026-01-26 - URL: https://practus.com/timothy-spangler-interviews-iss-corporates-melissa-noon-on-why-15c-boards-need-data/ In my years of advising fund managers, and fund boards, I’ve seen that often, what separates great decisions from sub-optimal decisions, is having context and being able to make comparisons.  We’re talking data.  That’s why I am pleased to be partnering with ISS-Corporate and the Head of 15(c) Board Services, Melissa Noon, to bring you more information on ISS-Corporate’s impending Annual Fee Study Review. Melissa has more than 20 years of experience in the 15(c) industry and shared with me what data ISS-Corporate compiles and the crucial insights they offer to boards, legal counsel, product managers and consultants.  The 2026 Annual Fee Study Review will come out in June, covering the 2025 fiscal year.  Watch my interview with Melissa to see why you’ll want it. What is ISS-Corporate’s Annual Fee Study Review?   The fee study looks at contractual management and actual expenses of active, open-end mutual funds. Data teams cull and compile information from public documents for the fund industry, such as Prospectus, Statement of Additional Information and the Inner Annual Reports, and derive ratios. All of that is compiled in ISS-Corporate’s data base and consolidated into an annual study. Crucial Resource for Fund Boards  This is an incredibly useful resource for boards and their advisors to be able to dive in and draw comparisons. The Review offers advisors a comprehensive place for their data when they’re looking at setting prices or evaluating expenses. - Published: 2026-01-26 - Modified: 2026-01-27 - URL: https://practus.com/six-minutes-with-valerie-spengler/ We want to introduce you to Valerie, who has changed roles at Practus. She is trading her V. P. of Marketing hat for a newly created position: Chief Innovation & Strategy Officer. Having been a major force in Practus’ dramatic growth, Valerie’s operational expertise and strategic perspective are needed in this new role to ensure we stay focused on innovation, technology, and engaging systems that support and strengthen how we work and scale. Now take Six Minutes and get to know her! 1. Tell us about your career journey. How did you land at Practus? I’ve always been drawn to complex environments where nothing quite fits together... yet. Over time, I realized my superpower is connecting dots between people, systems and strategy, and turning chaos into something scalable and elegant (at work, not at home – ask me about my animals sometime, haha). Practus was a natural landing spot because it’s not afraid to question the traditional model or rebuild it in a smarter way. Plus, they support me as a human. (We won’t ask about home because we have seen that cat flying around in the background during Teams meetings) Note from interviewee: For the record, said feline belongs to my daughter. I’m a devout dog person. 2. What about the Practus model serves you as a legal professional, and as a person? Professionally, I get to innovate without being boxed in by “this is how we’ve always done it. ” Personally, I get flexibility, autonomy, and the ability... - Published: 2026-01-13 - Modified: 2026-01-13 - URL: https://practus.com/why-was-nascar-sued-steve-young-explains-antitrust-lawsuit/ What is Michael Jordan’s Lawsuit against NASCAR about? In 2024, a NASCAR race team owned by basketball great Michael Jordan, along with another race team, and a well-known NASCAR driver sued NASCAR for violating Section 2 of the Sherman Antitrust Act. In their federal lawsuit, Jordan and company accused NASCAR of slamming the brakes on competition by preventing teams from competing in the NASCAR series unless they accepted NASCAR terms, which they label anti-competitive. What is allegedly anti-competitive about NASCAR? According to the lawsuit, teams have to agree to these charter agreements to race. No agreement, no participation, no discussion. The plaintiffs sought $364. 7M in damages, claiming the agreement shorted teams of over $1B in revenue participation from 2021 through 2024. . Proceedings raced to a start December 1, but the trial came to a screeching halt nine days later when the case settled. What We Learned About NASCAR I will be discussing the terms of the settlement a little later in this article. But I think what is most interesting about this lawsuit, is the spotlight it has shined on the amount of control that professional car racing sanctioning bodies, such as NASCAR, can legally exert against the racing teams that want to participate in their racing series. To fully appreciate this, I need to give you a bit of background about the evolution of professional car racing in America. . Professional Racing: Then and Now American professional racing has gone from a truly competitive activity to one... - Published: 2026-01-08 - Modified: 2026-01-08 - URL: https://practus.com/andrew-vining-to-speak-on-what-businesses-need-to-know-about-ice-raids/ Practus partner, Andrew Vining, will be part of a panel for an upcoming joint CLE presentation: “Navigating Enforcement Crises: What Counsel Need to Know. ” The event is hosted by the Business Law, Immigration, Employment Law, and Corporate Counsel Sections of the Mecklenburg County Bar on January 14, 2026.  Vining says he and other panelists will examine the potential impacts of ICE raids on businesses through immigration, corporate, criminal, and employment law lenses.   “I’ll be speaking from the corporate law perspective and looking at what legal, operational, and compliance considerations businesses could face in raid situations. ”  The presentation will take place on January 14 from 9 a. m. to 1 p. m. (EST) at Dilworth Neighborhood Grille in Charlotte, NC and is $60 for Mecklenburg County Bar’s Business Law Section Members.   More about Andrew Vining: Andrew Vining advises businesses at every stage of the corporate lifecycle, from entity formation and capital raising to mergers and acquisitions, and day-to-day operations. He is committed to providing clear, business-focused legal counsel tailored to each client’s strategic objectives. He also has extensive experience representing clients in general litigation and real estate matters. - Published: 2026-01-02 - Modified: 2026-01-02 - URL: https://practus.com/new-legal-team-from-washington-state-joins-practus/ We are starting 2026 with a bang here at Practus with the addition of our new legal team from Washington state. Attorneys Justin Jones and Sara Longley, joined by their paralegal, Jess Houston and their support staff are joining our team January 1st. Based in Seattle and Lopez Island, this legal group has more than 20 years’ experience in Estate and Tax Planning as well as Probate, Real Estate, Corporate Formation, and Transactions. Prior to joining Practus, Jones and Longley and their tream worked at the firm Justin founded, Justin C. Jones, LLM, P. C. Both attorneys have their LLM in taxation. We are thrilled to welcome this team to Practus! Learn more about our new team members: Justin Jones, Partner  Sarah Longley, Associate  Jess Houston  - Published: 2025-12-16 - Modified: 2025-12-16 - URL: https://practus.com/scalability-solved-why-your-law-firms-technology-is-a-competitive-advantage/ Entrepreneurial attorneys have always driven innovation in the legal industry, but their ability to scale was historically constrained by law firm technology that lags behind client expectations.  As workflows become more complex and legal matters move faster, outdated systems make growth an uphill battle, even for those attorneys who have the demand to support it.  These scalability limitations, coupled with the accelerating pace of change in the legal tech space – with AI as the central driver – position Practus and other innovative law firms as uniquely prepared to meet these challenges.   At Practus, we flipped the script by prioritizing technology-first investment, creating an infrastructure that eliminates these historic constraints.  We built our firm not only to keep the pace, but also to set the standard for legal tech innovation.  This continuous technology development provides our attorneys with all the tools they need to not only manage their practice but continue growing it. The result: a scalable, agile, high-performance platform built to amplify attorney success while delivering top-tier legal services to clients.   Modern legal representation now requires an equally modern infrastructure, as moreclients start to demand the use of AI and best-of-breed technology in their legal service delivery.  That’s why a technology-first ecosystem is no longer a “nice-to-have” but has become a non-negotiable for entrepreneurial attorneys.  Let’s dive into the why behind this evolution of the legal industry.   Practice With Agility  Agility is a defining feature of effective representation, especially for lawyers growing their legal practice. Attorneys must respond quickly to client demands, pivot between matters, and collaborate across teams without friction.  Modern law firms achieve this agility by building a unified, cloud-based technology infrastructure that removes operational bottlenecks and supports rapid, flexible work.  In today’s world, this means rapid AI adoption and seamless integration of new tools.   Streamlined Systems, Faster Decisions  When firms centralize and pre-vet their... - Published: 2025-12-03 - Modified: 2025-12-03 - URL: https://practus.com/jess-collen-for-forbes-will-ai-make-decision-on-sony-v-cox-outdated-before-it-even-issues/ Sony accuses Cox Communications of helping infringers pirate some of the most popular musical works of our time by allowing downloading and distribution of works over Internet sites of their subscribers. Now, the U. S. Supreme Court is contemplating Cox’s liability and that of all Internet providers if their services are being used to infringe copyrights. In my blog for Forbes I outline the key legal issues at play here, the challenges to enforcement, and how any ruling could be made obsolete by AI. You can read the complete article here: https://www. forbes. com/sites/jesscollen/2025/12/01/will-ai-make-decision-on-sony-v-cox-outdated-before-it-even-issues/ - Published: 2025-12-02 - Modified: 2025-12-02 - URL: https://practus.com/introduction-to-purchase-transactions-part-iii-the-what-and-why-of-representations-and-warranties-insurance/ Seller’s R&Ws In nearly every purchase transaction, each party makes representations and warranties (R&Ws) to their counterparty. Common examples of R&Ws made by the seller include that it owns the assets or equity it’s selling free and clear of liens or encumbrances, and that its financial statements are accurate and prepared in accordance with generally accepted accounting principles (GAAP). Common examples of R&Ws made by the buyer include an affirmative representation that the buyer has the authority to enter into the transaction, and that it has sufficient liquidity to fund the purchase transaction. In the case of an R&W, the party makes a promise of indemnity if the representation turns out to be false. When Seller’s R&Ws are Inaccurate Escrow Account Traditionally, a purchaser would recover losses resulting from a seller’s breach of an R&W from an escrow account funded with a portion (typically 10–15%) of the purchase price. This escrow account would remain in place for a set period, and any remaining funds would revert to the seller upon its expiry. Trending Option: R&W Insurance More recently, it has become common in middle-market transactions for the parties to obtain representations and warranties insurance (“R&W Insurance”). As such, it is important for both buyers and sellers to understand the what and why of R&W Insurance. What Is R&W Insurance? Just like car insurance covers damages from an accident, R&W Insurance covers losses arising from a breach of representations and warranties in a purchase agreement. For instance, if the seller failed... - Published: 2025-12-01 - Modified: 2025-12-01 - URL: https://practus.com/six-minutes-with-christopher-lange/ 1. How do you define your legal practice and typical clients?  I tend to work with founder led companies but not necessarily start-ups. I particularly tend to do sell-side M&A projects or other significant transactions (joint ventures, key contractual arrangements, etc. ). I also work with executives on their employment agreements, equity grants and equity roll-over documents in an M&A context as those documents are presented by the acquiror. At this point I would say I am industry agnostic but have done multiple deals with wealth management advisors, insurance managing general agencies and other service companies. 2. Tell us about your legal career journey. What made you become a lawyer and how did you land at Practus?   I became a lawyer for the worst reason possible – I didn’t like my job prospects out of college so I stayed in school. I studied economics undergrad (and loved it) so I joined the corporate and securities law track at George Mason University School of Law. The entire law school was based on the “Chicago School” Law and Economics approach and this program was most aligned with my interests. I passed the bar and quickly went to a white-shoe firm to represent Bank of New York, Deutsche Bank and other big money center banks. Then the kids started coming. I lasted 18 months in the city after my first son was born and came back to Richmond, Virginia in 2000 to work for a regional firm (LeClairRyan). That firm grew from... - Published: 2025-11-25 - Modified: 2025-11-25 - URL: https://practus.com/introduction-to-purchase-transactions-part-ii-top-5-considerations-when-drafting-an-indemnification-clause-in-an-acquisition-agreement/ The indemnification clause is one of the most critical—and often most negotiated—provisions in an acquisition agreement. Its principal purpose is to allocate risk between the parties of the acquisition agreement, typically by holding one party financially responsible for certain breaches or events. While these clauses often favor the buyer, mutual indemnification may be appropriate in some circumstances. When drafting or negotiating an indemnification clause, it is important to keep the following considerations in mind. 1. Scope of Indemnification Clearly define the events, breaches, or liabilities that trigger indemnification. Common triggers include breaches of representations and warranties, violations of covenants, or specific liabilities. Common examples of specific liabilities include pending lawsuits or outstanding tax liabilities. It is most advantageous to the Buyer for the indemnification clause to include broad coverage. However, using precise, unambiguous language can streamline negotiations and build trust between the parties. 2. Survival Periods Survival periods specify how long each party remains liable for indemnifiable matters post-closing. Survival periods for most representations and warranties typically range from one to two years. However, the survival period for fundamental representations and warranties can be significantly longer, even indefinitely. Examples of fundamental representations and warranties include a representation that a party’s has the requisite authority to enter into the transaction, a representation that the acquisition agreement is fully enforceable, a representation that the seller has good and marketable title to the purchased assets or stock (unless otherwise specified in the acquisition agreement), a representation that the transaction does not violate any... - Published: 2025-11-24 - Modified: 2025-11-24 - URL: https://practus.com/dramatic-growth-at-practus-spurs-leadership-change/ Christopher Lange Named Deputy Managing Partner Acting General Counsel, Christopher Lange is taking on a larger role at Practus LLP, that of Deputy Managing Partner. The firm is experiencing significant growth, and Managing Partner, John Lively, says this enhancement to the leadership structure will help Practus manage the expansion of attorneys, practice areas and technology offerings. Evolving Role Lively adds, “Chris’ role will be evolving. He’ll work closely with me, taking more responsibility for firm operations, so I can focus on creating opportunities for driving growth. It ensures that as leaders we are spending the right amounts of time on bigger picture initiatives and day-to-day, immediate needs. ” Technology Investment Guidance and Attorney Groups Support Lange says an important part of his job will be guiding the firm through the adoption of innovative technologies, strengthening compliance frameworks, and serving as a bridge between Practus attorneys and leadership, “One of my first initiatives will be to focus on supporting our attorney groups – building the infrastructure and processes that promote communication and collaboration across practice groups. ” In addition to his new responsibilities, Lange will continue to serve as Acting General Counsel, until the position is filled permanently. - Published: 2025-11-18 - Modified: 2025-11-18 - URL: https://practus.com/introduction-to-purchase-transactions-part-i-five-most-common-rws-in-purchase-agreements/ In a purchase agreement, a representation is an assertion of fact made by one party to another as an inducement to enter into a contract. A warranty is a promise of indemnity if a representation is false. Representations and warranties (R&Ws) are often made together in the purchase agreement and may be subject to negotiation. Depending on the nature of the transaction, a purchase agreement may contain numerous R&Ws. Here are five of the most common examples: 1. Organization and Qualification This representation is made if the party making the R&W is an entity and not an individual. Each party represents that it is duly organized or incorporated and in good standing under the laws of its jurisdiction. In an asset purchase agreement, the seller may also represent that it is qualified to do business in all states where the to-be-sold assets are located. 2. Authority Each party represents that it has the requisite authority to enter into the transaction. This is especially important for entities, as it confirms that all necessary corporate formalities have been followed prior to closing. 3. No Conflicts Each party represents that the transaction will not violate, breach, or constitute a default under any agreement to which it is a party. This typically includes both internal governance documents and third-party contracts. The parties also generally represent that the transaction does not conflict with any applicable law or government order. 4. Title to Assets The seller represents that it has good title to the purchased assets... - Published: 2025-11-17 - Modified: 2025-11-17 - URL: https://practus.com/kevin-kercher-hands-out-high-tech-deals-award/ (St. Louis, MO. ) Practus IP Attorney, Kevin Kercher, attended the Licensing Executives Society’s Annual Business Meeting. As the High-Tech Sector Chair, Kevin awarded the LES Deals of Distinction™ in High Tech. LES bestows the award in various industry sectors. In addition to High Tech, sectors include Brands as a Business, Industry, and University-Government Interface. The award spotlights the year’s most outstanding licensing and business deals. Kercher says, “These awards go to entities that have solved business problems creatively or featured novel licensing structures. LES looks to recognize deals that represent seismic events within their industry. “ Erich Spangenberg of SIM IP received the High-Tech award for its acquisition of Ultraleap’s XR and haptics IP portfolio. Kercher says the deal was an incredible example of strategic IP licensing. More about Kevin Kercher: Kevin’s practice spans all areas of intellectual property (IP) law, including patents, trademarks, copyrights, trade secrets, government contracts, due diligence, and portfolio management. He has significant technical experience in preparing and prosecuting complex patent applications across a wide range of industries. - Published: 2025-11-15 - Modified: 2025-11-17 - URL: https://practus.com/six-minutes-with-dan-barham/ 1. How do you define your legal practice and typical clients? My practice is threefold. First, I have a history of working with business owners and investors as outside general counsel and litigation counsel. Second, I have experience working with real estate and mortgage investors with default servicing and creditor rights matters. Third, I have a general litigation practice that has a fiduciary litigation branch – there, I serve the litigation needs of those involved with fiduciary relationships (like trusts/trustees, probate and estate matters, relationships between a client and a trusted advisor (like financial advisors, accountants, persons with power of attorney) 2. Tell us about your legal career journey. What made you become a lawyer and how did you land at Practus?   I am a first-generation lawyer. I wanted to be able to help my family, friends, and community when legal issues inevitably arise. I worked in the business world for six years after graduating from college, but I had that constant urge to go to law school. I graduated from Vanderbilt University Law School in 2007. After that, I worked at a large law firm and eventually started my own law firm in Ohio. From there, I became licensed to practice in seven states and grew my practice to a point where I was the managing member of a boutique law firm serving clients in over 10 jurisdictions. Then, this year, I had the opportunity to join Practus, and I am thrilled to be here. 3. What about... - Published: 2025-11-13 - Modified: 2025-11-13 - URL: https://practus.com/jpmorgans-charlie-javice-problem-5-things-that-wouldve-prevented-it/ Summary: Charlie Javice & Frank Charlie Javice was considered a wunderkind in 2017. That’s the year she founded Frank – a startup hailed for simplifying the college financial aid labyrinth students and parents must navigate. When it was time to sell, JPMorgan Chase came calling, buying the company for $175M. What JPMorgan didn’t catch was that Javice and her chief growth officer – both retained as employees of the bank – had dramatically inflated their number of customers by creating fake clients from a list of real names they bought from data brokers. Javice and her accomplice have been convicted and sentenced to several years in prison. To add insult to injury, JPMorgan’s on the hook for their astronomical legal fees, which are approaching the price they paid for Frank. And the party’s not over – Javice expects to appeal her conviction. How did an institution like JPMorgan Chase get in this mess? Here are some thoughts from our Practus partners. Dan Barham: Fiduciary Failures on Both Sides The Charlie Javice case is a masterclass in corporate governance failures. It also involves likely breaches of fiduciary duties on both sides. Charlie Javice’s Fraud When founders inflate user data to sell their company for $175 million, they plainly breach their fiduciary duty to the firm and its investors. When that breach includes fraud, compensatory and punitive damages may be awarded. JPMorgan Chase’s Rush Job Simultaneously, JP Morgan Chase’s actions in rushing a multi-million-dollar acquisition with little to no proper verification, leading to massive financial losses... - Published: 2025-11-12 - Modified: 2025-11-12 - URL: https://practus.com/six-minutes-with-chad-kaffer/ 1. How do you define your legal practice and typical clients?   My practice generally involves anything you can do with a piece of dirt, which includes forming entities for acquisition, capital raises, contracts, due diligence, entitlements, subdivision, construction, and sales, as well as litigation at any stage of that process. I have represented developers, contractors, lenders, real estate brokerages, property managers, and purchasers. In addition, I regularly appear before professional licensing boards on behalf of and against licensed professionals. 2. Tell us about your legal career journey. What made you become a lawyer and how did you land at Practus?   I became interested in becoming a lawyer while a member of my high school debate team. I was the Illinois state champion in debate my senior year of high school and went to college on a speech and debate scholarship. I was required to take four years of elective competitive debate to maintain that scholarship. Becoming a lawyer was a natural culmination of my education and experience. So does your wife ever win an argument? In over 15 years together, my wife has never once lost an argument. 3. OK, (kudos to your wife) back to the question – how'd you land at Practus? I came to Practus because it embodies my idea of a law firm, which is a client-focused and business-minded enterprise. I grew up in an entrepreneurial family. Upon entering law, I was surprised by how few law firms focused on minimizing overhead and maximizing... - Published: 2025-11-06 - Modified: 2025-11-06 - URL: https://practus.com/practus-best-law-firms-2026/ Practus is pleased to announce it ranked in Best Law Firms ® of 2026. This distinction recognizes Practus’ excellence and client-centric approach to practicing law. The award is based on extensive feedback provided by clients, firm leaders, and professional references. Best Law Firms analyzed surveys that assessed, among other things, Practus’:  Experience Responsiveness Understanding of a Business and its Needs Cost-effectiveness Civility Managing Partner and Founder, John Lively says Practus’ repeated recognition by Best Law Firms is no accident. “We created the Practus model precisely so we could offer responsive, efficient, cost-effective legal services to our clients and build relationships, not just client lists. ”  Eight Practus attorneys also received the 2026 Best Lawyers ® award. - Published: 2025-11-03 - Modified: 2025-11-03 - URL: https://practus.com/practus-doubles-intellectual-property-practice/ Practus LLP is doubling the size of its Intellectual Property practice and significantly expanding its trademark prosecution capabilities, with the addition of five attorneys and four staff members. Attorneys Jess Collen, Jane Collen, James Hastings, Jeff Lindenbaum, Kevin Brown and Trademark Director Mariana Cana, JD, bring decades of experience in several facets of IP protection, including trademark portfolio management, copyright protection in the age of artificial intelligence, and trademark, copyright and patent litigation. Formerly of Collen IP and Rothwell Figg in New York, this team is highly regarded in legal arenas surrounding United States and International trademark issues. All aspects of Trademark & Brand Protection This dynamic group of New York-based industry and thought leaders, almost all of whom have worked together as a team for over 20 years, represent global companies in protecting their rights before the U. S. Trademark Trial and Appeal Board, as well as privately held companies, small businesses, and entrepreneurs. They have worked extensively with go-to-market companies in the technology, healthcare, fashion, and luxury goods sectors, offering all aspects of trademark and brand protection. Learn more about our new team members:  Jess Collen, Partner Jeff Lindenbaum, Partner Jamie Hastings, Partner Jane Collen, Of Counsel Kevin Brown, Associate - Published: 2025-10-29 - Modified: 2025-10-29 - URL: https://practus.com/building-your-workday-gameplan-a-playbook-for-attorneys-in-the-modern-law-firm-model/ Every great team walks onto the field with a gameplan, and that includes legal teams. For attorneys at modern law firms, that gameplan may look a little different than the traditional methods. Although legal knowledge is necessary to being a good attorney, success really comes from having a strategy, sticking to routines, and knowing when to call an audible.   If we take it one step further to the modern law firm model, the ability to be fully prepared while simultaneously knowing the unexpected could happen is essential in the playbook of an entrepreneurial attorney. These are the lawyers that embrace a business-like mindset when it comes to the evolution of their legal practice. That type of growth requires the need to design a workday that maximizes focus and productivity.   Here’s a gameday-inspired playbook to help you create a winning workday... and ways to adapt quickly.   1. Kickoff: Start Strong with a Morning Routine  Just like the opening whistle sets the tone for the game, your morning routine determines how you’ll perform throughout the day. Without the commute that once separated home from office, many attorneys find themselves jumping straight into emails or client calls before they’ve had a chance to reset.   Instead, treat that time gained from not commuting as your pregame warmup – do something that energizes you for the day ahead. That could mean a walk around the neighborhood, time with your kids before school, a quiet coffee ritual, or focusing on admin tasks... - Published: 2025-10-29 - Modified: 2025-10-29 - URL: https://practus.com/andrew-vining-to-speak-to-small-businesses-at-hiive-program/ (Charlotte, NC) Andrew Vining will bring his business and legal expertise to a group of entrepreneurs participating in Charlotte Center City Business Partners’ HIIVE (Hub for Inclusivity, Innovation, and Entrepreneurship) Program. HIIVE offers small business education to underrepresented business owners. He’ll be discussing commercial lease negotiations.   In reference to the event, Mr. Vining shared, “I love working with entrepreneurs. The audience for this presentation will primarily consist of underrepresented, high-potential business owners who are ready to take the next step—expanding into a brick-and-mortar location in Center City Charlotte. These individuals embody the very spirit of the American Dream, and I’m thrilled to guide them through some of the key considerations they should keep in mind when reviewing lease agreements for their new spaces. ”  The presentation takes place on November 3, 2025.   About Andrew Vining: Andrew is a Technology & Commercial Transactions Partner who advises businesses at every stage of the corporate lifecycle. He also represents clients in general litigation and real estate transactions. - Published: 2025-10-22 - Modified: 2025-10-22 - URL: https://practus.com/six-minutes-with-bernard-hooper/ Editor’s note: Full confession; this may take you longer than six minutes to read. But when you have a story like Bernard’s, you have to let him tell it! So, we did. And it’s worth every second. 1. How do you define your legal practice and typical clients?   My practice is based on cross functional collaboration to achieve strategic business objectives. Many lawyers are comfortable with the well-defined role of identifying and addressing issues squarely within their legal expertise and have no interest in going beyond that boundary. I do more because I am comfortable offering more. So, you’re a lawyer with a brain for business? My clients deserve the benefit of my experience and informed perspective developed in both legal and business roles during nearly 30 years. I thrive within cross functional teams and embrace the opportunity to be involved when an idea is conceived, and objectives and milestones are defined. Many clients approach their lawyers with questions without context to manage fees and avoid the tendency of lawyers to simply identify risks and give limiting, unimaginative recommendations. My goal is to partner with my clients to understand the landscape of their markets and the opportunities for, and threats to, their success. The goal of my practice is to be a value-add resource in every conversation. And your typical clients? My client base is diverse. Typically, clients who opt to retain me are proactive, solution-oriented, and value doing the right thing for the right reasons. They value integrity... - Published: 2025-10-21 - Modified: 2025-10-21 - URL: https://practus.com/what-bernard-hooper-wishes-you-knew-about-hiring-a-lawyer/ Law is Specialized and Lawyers have Specialties Legal services are specialized in much the same way that medical services are specialized. Therefore, there are times when one needs a legal generalist and times when one needs a legal specialist. With that in mind, one does not need to pay more to get the best legal services for a given matter. The Best Lawyers Consider Your Long-term and Short-term Goals Excellent legal representation should align with both short-term and long-term goals based on a clear understanding of your business and the environment in which it exists. A good lawyer solves the challenge of today. A better lawyer accomplishes the goals of today and helps establish a course for your success in the future. Transactional or Foundational? If you interview prospective legal counsel and they do not ask you what you are trying to accomplish, you should be aware that your relationship is only transactional. You pay them to solve the immediate problem. However, if they ask about challenges, priorities, and preferred outcomes, then you have the potential for a foundational relationship that will be beneficial well into the future.   About Bernard Hooper: Bernard Hooper has transactional expertise in foreign and domestic mergers, acquisitions, and joint ventures. He advises regarding matters of corporate governance, capitalization, compliance, and strategic initiatives. He also maintains a subject matter expertise in healthcare law including governmental investigations, privacy law, and employment law. - Published: 2025-10-17 - Modified: 2025-10-21 - URL: https://practus.com/is-trader-joes-ready-for-this-jelly-smuckers-sues-tjs-for-trademark-infringement-in-ohio/ As an avid PBJ aficionado, every single algorithm stuffed me with this story. I. Legal Framework In the 6th Circuit, we look to the "Frisch's test" for likelihood of confusion. This test is the set of eight factors the Sixth Circuit Court of Appeals uses to determine the likelihood of consumer confusion in a trademark infringement lawsuit. The test originates from the 1985 case Frisch's Restaurants, Inc. v. Shoney's Inc. and is used to weigh the evidence for and against a finding of consumer confusion. The eight factors are: 1) Strength of the plaintiff's mark. A stronger, more distinctive mark receives greater protection under the law. 2) Relatedness of the goods or services. The court considers whether the products or services offered by the plaintiff and defendant are similar enough that consumers would think they come from the same source. 3) Similarity of the marks. The court compares the marks based on their appearance, sound, and meaning to see how closely they resemble one another. 4) Evidence of actual confusion. While not required for a finding of infringement, evidence showing that consumers were actually confused by the defendant's mark is powerful evidence of a likelihood of confusion. 5) Marketing channels used. This factor examines whether the parties use the same or similar marketing methods and sales channels. 6) Likely degree of purchaser care. The court assesses the level of care and attention a typical consumer of the products or services is likely to exercise when making a purchase. The more... - Published: 2025-10-14 - Modified: 2025-10-14 - URL: https://practus.com/robert-elwood-to-speak-at-symposium-on-retaining-women-lawyers/ (New Haven, CT) Robert Elwood will participate in an upcoming symposium hosted by the Connecticut Bar Foundation that will delve into why senior women leave the legal profession and what can be done to retain them. Quinnipiac University School of Law will co-host the event, October 17. Elwood joins a distinguished panel that includes, Vanessa Roberts Avery (McCarter & English), Martha Stone (Center for Children’s Advocacy), and Kirstin Etela (Day Pitney). Moderated by Quinnipiac Professor of Law and former Dean Jennifer Gerarda Brown, the symposium will explore solutions to the female exodus. What do Women Need to Thrive in Law? Brown says, “We’ll explore what changes and innovations are necessary for women to thrive in the legal profession. Women have made progress and we want to highlight those successes while still identifying the obstacles that continue to affect retention and advancement. ” What works? Practus LLP Elwood adds, “There are solutions out there that can increase retention, such as hybrid work models and non-equity partnerships, as well as structures that enhance attorneys’ ability to juggle work and family. I’m excited to participate because these are all things we have been doing successfully at Practus LLP for several years. ”  If you are interested in attending this free seminar, register here: About Robert Elwood: Co-founder and partner at Practus LLP, Bob’s practice focuses primarily on investment funds and technology companies. He also serves as outside general counsel to several wealth managers and tech start-ups. He is an innovator and disruptor in... - Published: 2025-10-08 - Modified: 2025-10-08 - URL: https://practus.com/karen-aspinall-quoted-in-chief-investment-officer-about-ai-use/ Karen Aspinall, the financial services practice area chair at Practus LLP, was interviewed along with several other industry experts about AI use in institutional investing. As the article in Chief Investment Officer notes, artificial intelligence can and is making significant contributions by interpreting data and distinguishing meaningful information from static. But Aspinall and others in the industry agree, no one should be counting humans out. AI works best with human analysts to interpret intangible information. Aspinall is quoted, “I have one fund adviser that I work with an investment strategy that significantly leverages AI for purposes of selecting the investments. But it is not a situation where the AI just runs and selects the investments, and that’s the end of it. There is still that human oversight on it at the end of the process. ” You can read the full article here. About Karen Aspinall Karen Aspinall is an authority on regulatory compliance matters including reviewing and implementing new regulations issued by U. S. regulators such as the SEC, DOL, CFTC and NFA. She is also a key member of Practus’ Exchange-Traded Funds team. With 20 years of in-house and AmLaw experience, she is a skilled contract negotiator, having negotiated hundreds of agreements, including one transaction worth over $65B in AUM. About Practus LLP Practus LLP, founded in 2018, is a modern distributed law firm that is disrupting the outdated ways of practicing law. The firm leverages mobile technology, cloud-based solutions and agile infrastructure to deliver top-tier legal services in... - Published: 2025-10-08 - Modified: 2025-10-08 - URL: https://practus.com/practus-llp-attorney-advises-polen-capital-on-launch-of-100-million-etf/ NEW YORK (Oct. 3, 2025) — Practus LLP partner and tax attorney Raymond Holst (Polen Capital Management, LLC in the successful launch of the Polen Focus Growth ETF (Ticker: PCLG). The exchange-traded fund (ETF) began trading on Tuesday, September 30, with more than $100 million in assets under management, structured through a Code Section 351 transaction. A Code Section 351 transaction enables investors to contribute appreciated securities to a newly formed ETF in exchange for ETF shares without recognizing taxable gain, making it an increasingly attractive strategy for fund launches. Holst is a leading attorney in seeding ETFs with in-kind contributions of securities on a tax-deferred basis under Code Section 351. “We really appreciated Ray’s extensive tax knowledge in executing this transaction, but what proved invaluable was his ability to quarterback the transaction and bring all the stakeholders together to make it a seamless process,” said Todd Addison, head of operations and trading at Polen Capital. Holst noted, “I enjoy working with clients on these transactions because it is a huge win-win for both them and their clients. This was Polen’s first 351 seed and hopefully not their last. It’s great to work with such a professional organization that is always looking to do the best for their clients. ” As a senior U. S. federal income tax attorney and member of the financial services team at Practus, LLP, Holst has more than 20 years of experience in the taxation of financial institutions and products. For more information about Holst... - Published: 2025-09-25 - Modified: 2025-09-25 - URL: https://practus.com/six-minutes-with-scott-lloyd/ 1. How do you define your legal practice and typical clients? My legal practice is that of an outside general counsel who happens to be a patent attorney. I have spent most of my legal career in-house with relatively small and mid-sized companies operating in regulated industries, where I had to figure everything out myself. Most of my private practice clients are of the same ilk. I like to find ways for clients to do business the way they want while keeping them out of trouble. The Miami Dolphins used to have a player named Jim Jensen who was technically a quarterback but used to line up wherever the team needed him. That’s how I like to think of myself as a lawyer. 2. Tell us about your legal career journey. What made you become a lawyer and how did you land at Practus? When I was in graduate school working on cervical cancer vaccines, our lab became involved in a four-way patent interference proceeding, which is an administrative litigation designed to determine which lab invented the technology first. We had lawyers scanning notebook pages and deposing some of us. I got interested in patent law and started asking questions, then after I graduated, I got a science job, went to law school at night, and took the patent bar. Later, I worked in-house for about 11 years before moving into private practice with a couple of different traditional law firms, where you tend to have less freedom and must... - Published: 2025-09-16 - Modified: 2025-09-22 - URL: https://practus.com/deal-to-form-first-publicly-traded-bitcoin-treasury-company/ NEW YORK, NY (Sep. 15, 2025) — Strive Enterprises, Inc. , and Asset Entities Inc. (NASDAQ: ASST) recently completed a merger to form the first publicly traded asset management bitcoin treasury company to be operated under the Strive brand. In conjunction with the merger, the combined entity also accepted contributions of Bitcoin from investors in exchange for shares in the combined entity. Tax attorney Raymond Holst of Practus, LLP, was brought in by Strive for his experience and legal counsel on Code Section 351 in connection with the contributions of Bitcoin. H2: First of its Kind Transaction  Holst stated, “I’m honored that Strive tapped Practus and me to advise on the contributions of Bitcoin. It is an acknowledgment of our expertise in the 351 space. ”  Zach Stevens, vice president of strategic finance at Strive added, “We brought Ray and Practus on board to help execute this first of its kind transaction given their experience with 351 transactions. ”  Holst is a senior U. S. federal income tax attorney and member of the financial services team at Practus, LLP, with more than 20 years of experience in the taxation of financial institutions and products. He is also a leader in seeding exchange traded funds (ETFs) with in-kind contributions of securities on a tax-deferred basis under Code Section 351. About Practus LLP Practus LLP, founded in 2018, is a modern distributed law firm that is disrupting the outdated ways of practicing law. The firm leverages mobile technology, cloud-based solutions and agile infrastructure... - Published: 2025-09-02 - Modified: 2025-09-02 - URL: https://practus.com/from-the-brink-of-litigation-to-transaction-mark-belongia-william-firth-and-maxi-lyons-win-win-win/ (Chicago, IL) When the CEO of a long-time Chicago business first engaged Practus, it is because he thought he needed to sue his partner. Our attorneys have considerable experience in business litigation issues. Although their business had weathered decades of changing economic times, the relationship between the two owners had severely frayed. The client’s position was that his only options were to dissolve the business or sue his partner. Everyone Back to the Table We took a comprehensive approach. Yes, litigation was the original option. But with our background in business, working with businesses, and strategic approach we were able to outline other solutions for our client. In this case, we threatened litigation and that resulted in the other side coming back to the table. We now faced each other as parties ready to negotiate a transaction instead of as adversaries preparing to sue each other. From Suing to Selling: Time for Maxi Lyons Back from the precipice of a lawsuit, we now focused on selling our client’s interest in the business. Our team brought in Maxi Lyons to structure a comprehensive divestiture transaction. She tailored the transaction to ensure an orderly business separation that preserved each principal’s legacies and their long-held personal relationships. More than Resolving a Dispute This is what we call a win-win-win result. It highlights the critical role of serving not just as lawyers but as counselors. Practical, human, and business concerns must be woven into the legal framework to restore balance and drive positive outcomes... - Published: 2025-09-02 - Modified: 2025-09-02 - URL: https://practus.com/when-cuteness-clashes-with-commerce-inside-pop-marts-ip-lawsuit-against-7-eleven/ Every generation has some nightmare-inducing cuddly critter. (See, e. g. , Tickle-Me-Elmo, Furby, Furreal, etc. ). This year? Pop Mart’s Labubu.   And every year, copycats try to coast in the wake of toy makers – some being more successful than others. This year’s copy-cat is none other than 7-Eleven, Inc. – the same place where you find rotating hotdogs, slushies, and caffeine pills.   Pop Mart is not amused and has unleashed its cache of intellectual property like a hoard of angry Labubus. Let’s dive in to Pop Mart’s complaint and learn how you can take some cute cues from the little clippable fur-demons. The case number is 2:25-cv-06555-MEMF-MBK filed in the Central District of California. The Allegations: A Trail of “Lafufus” and Confused Customers According to the complaint, Pop Mart discovered that at least seven 7-Eleven locations in California were offering counterfeit versions of its products, including various LABUBU dolls from “THE MONSTERS” series. Pop Mart’s legal team isn’t just making claims; they’ve come with receipts—literally. The filing is filled with photographic evidence, including: Side-by-side comparisons of genuine Pop Mart products and the alleged fakes sold at 7-Eleven, highlighting differences in quality and packaging Photos from inside 7-Eleven stores, showing prominent displays advertising “LABUBU” Customer social media posts expressing confusion. Unsuspecting buyers, excited to find the popular toy, later realized they had purchased a fake, with some even using the nickname “Lafufus” to describe the counterfeits. One TikTok user’s caption reads, “dk what i got myself into but... - Published: 2025-09-02 - Modified: 2025-09-15 - URL: https://practus.com/the-rise-of-the-entrepreneurial-attorney-building-a-personal-practice-in-a-modern-law-firm/ Attorneys today aren’t just practitioners. They’re brands, strategists, and business owners. They’re building personal practices within larger ecosystems, shaping the trajectory of their careers with the same intentionality that their clients bring to their businesses. For a growing number of partner-level attorneys, this means the traditional image of a lawyer working within rigid firm structures no longer reflects the reality or the opportunities of a modern legal practice.   The evolution of the legal industry is giving rise to what some call the Entrepreneurial Attorney: a lawyer who blends legal experience with business vision, and who thrives in platforms designed to support both.   What is an Entrepreneurial Attorney?   Not all attorneys are entrepreneurial (and that’s ok). More traditional models still work for many lawyers and their clients. That said, 70% of lawyers operate in solo or small firm settings, meaning they’re already managing the day-to-day business operations, marketing, and financial health of their practice in addition to delivering legal services. This entrepreneurial reality is already part of their professional DNA.   To embrace that growth-focused mindset that’s needed to run the business side of a legal practice, attorneys should have:  Depth of experience Experience applies to both legal work performed and client management. Knowing how to manage workload, collaborate with other attorneys, and communicate effectively with clients takes years to master. An experienced attorney, typically at the partner level, has the deep knowledge necessary to thrive in an entrepreneurial environment.   Portable book of business  A portable book... - Published: 2025-08-28 - Modified: 2025-08-28 - URL: https://practus.com/practus-client-themes-etfs-hits-big-milestone/ Our client, Themes ETFs, has reached a significant achievement, crossing the $500M threshold of assets under management (AUM). This is a major accomplishment for a relatively new player in the ETF space. Themes launched its first funds in December of 2023 and has made its mark as a rapidly growing issuer of thematic and leveraged single-stock ETFs. Practus has been Themes' counsel since the establishment of their Trust and we are gratified to see this milestone reached by such a forward-thinking and innovative player in the ETF landscape.   - Published: 2025-08-21 - Modified: 2025-09-02 - URL: https://practus.com/congratulations-to-the-practus-attorneys-included-in-best-lawyers-2026/ Eight Practus attorneys received the Best Lawyers award from a leading peer-review publication, The Best Lawyers in America. ® To determine who to include in Best Lawyers, researchers conduct a comprehensive peer-review survey that includes more than 27M evaluations. Being named a Best Lawyer means attorneys’ professional peers have confidentially evaluated them and judged them to be best at what they do. The Best Lawyers in America® (2026 Edition) include: Molly Aspan (Tusla, OK): Corporate Law, Employment Law – Management, Litigation - Labor and Employment Andrea J. Shaw (Portland, ME): Banking & Finance Law Tim J. Billick (Seattle, WA): Litigation - Intellectual Property, Patent Law, Trademark Law Jesse J. Camacho (Kansas City, MO): Litigation - Intellectual Property, Litigation – Patent, Patent Law Patrick T. Clendenen (New Haven, CT): Commercial Litigation, Litigation – Construction Brian W. Grimm (Seattle, WA): Healthcare Law Kevin Kercher (St. Louis, MO): Patent Law Robert Moreiro (Washington, D. C. ): Securities Regulation - Published: 2025-08-19 - Modified: 2025-08-20 - URL: https://practus.com/andrea-shaw-to-speak-at-compliance-risk-conference/ (Portland, ME) Practus Partner Andrea Shaw will speak at M&M Consulting’s 16th Annual Compliance and Risk Conference, September 8-9, 2025. Shaw will present: Dancing with Digital Banking – It’s not your Mama’s Dance Anymore! She’ll explore: Artificial Intelligence’s role in risk management with regards to digital banking Digital Currency   Federal legislative updates – particularly the GENIUS Acts status & why it should matter to community bank risk managers Updates you should consider making to your Digital Banking Agreements to control risk. For more information on the M&M conference you can go here. - Published: 2025-08-14 - Modified: 2025-08-14 - URL: https://practus.com/robert-moreiro-earns-prestigious-iaccp-certification/ August 6, 2025 – Practus Attorney Robert Moreiro has earned the Investment Adviser Certified Compliance Professional® (IACCP®) designation. This is an advanced industry credential that demonstrates a deep understanding of investment adviser regulation. To earn the IACCP® designation, co-sponsored by COMPLY and the Investment Adviser Association (IAA), individuals must complete a rigorous program of instructor-led coursework, pass a certifying examination, fulfill a minimum of two years of relevant work experience, and complete an ethics assessment. This certification reflects Moreiro’s strong foundation in regulatory compliance, ethics, and industry best practices—areas critical to today’s evolving financial services landscape. Moreiro says, “We are working in an increasingly complex regulatory environment. The IACCP enhances the depth of knowledge our clients rely on when navigating the world of investment adviser compliance. ” With this credential, Moreiro joins an elite group of compliance professionals who have met the industry’s highest standards for education, examination, ethics, and experience. About Practus LLP Practus is a modern, distributed law firm offering legal solutions that scale with your business. Our Financial Services team brings decades of regulatory insight, industry experience, and practical business acumen to clients navigating the Investment Advisers Act, 40 Act, and related compliance frameworks.   - Published: 2025-08-06 - Modified: 2025-08-14 - URL: https://practus.com/six-minutes-with-andrew-heger/ 1. How do you define your legal practice and typical clients?   Increasingly, my legal practice focuses on estate planning, estate administration (probate and trust) and estate litigation. That's now about 50% of it. Another 30% is employment litigation, which is what I began my career doing. The last 20% is a grab-bag of zany, all-purpose "I have a really weird problem that requires a lawyer" stuff. I really enjoy the flexibility to take on what projects I want and to pass on those I don't. I try not to take on cases I don't authentically believe in or where I don't think I can deliver a positive and cost-effective outcome, and that's not a luxury you have at most law firms. 2. Tell us about your legal career journey. What made you become a lawyer and how did you land at Practus?    I became a lawyer because I had fantastic grades in college and a great LSAT score, so my law school options looked a lot more attractive than my work options. It was certainly not my plan from when I was a little kid. And the plan when you were a little kid? Mookie Betts currently has that job.   3. What is your definition of professional success?     My definition of professional success is satisfied clients and a steady stream of "I got your number from... " referrals from those clients. The nature of my practice is such that there is very little repeat business, so... - Published: 2025-08-05 - Modified: 2025-08-05 - URL: https://practus.com/six-minutes-with-steven-young/ 1. How do you define your legal practice and typical? Broad scope of business and commercial litigation, including “soft” intellectual property, real estate, entertainment (film & TV) and commercial activities, mostly in California. Typical clients are mid-sized businesses and successful entrepreneurs. 2. Tell us about your legal career journey. What made you become a lawyer and how did you land at Practus? I was a car crazy teenager and started drag (OK street) racing at 16 in my third year of high school. My plan was to become an automotive racing engineer, but I hit a speedbump known as higher math (trigonometry). Actually, it was a straight-up wall and law seemed interesting, so I switched course. My interest in law was based only on TV shows, that came nowhere close to reality. Luckily, law turned out to be a great career choice. I am now in my 51st year of practicing with no plans to retire. So, do you still have a lead foot while driving? Not that I will admit to! But if traffic is moving quickly, I stay up with it. 3. What about the Practus model serves you as a legal professional, and as a person? The perfect blend of independence, while having a great group of partners and a superb administrative staff supporting us. The economic model has worked extremely well for me, and I appreciate the forward thinking of the firm’s management. It allows me to practice ethically and earn a comfortable living. 4. What... - Published: 2025-08-04 - Modified: 2025-08-04 - URL: https://practus.com/practus-etf-team-helps-wealth-adviser-bring-billionaire-tax-trick-to-millionaires/ Bloomberg News profiles Practus Client Alpha Architect Alpha Architect, long-time Practus client, is disrupting the registered fund industry again and Bloomberg News is noticing. In a recent article, journalist Justina Lee shines a spotlight on Wes Gray and his firm, Alpha Architect LLC’s “increasingly creative use of exchange-traded funds” along with its launch of AAUS, a $446M ETF that could change everything. An ETF for the People Practus' ETF Team, Robert Elwood, Karen Aspinall, and Ray Holst are the legal advisors behind Alpha Architect’s innovative fund formations. They helped Alpha Architect pioneer the first 351 conversions, bringing never-before-seen tax efficiencies to ultra-high net worth individuals. And they’ve been working with the ETF Architect team for almost a year on AAUS. But this ETF isn’t just billionaires. Ray Holst says, " Exchange funds present a variety of disadvantages such as the long lockup period. Similarly, section 351 transactions present challenges such as the diversification requirement. With this innovative hybrid structure, we managed to ameliorate or eliminate these disadvantages. " Read the Bloomberg Article Gray says his goal is to become the market leader in ETFs. Practus has been and will be there every step of the way. You can read the entire Bloomberg article here. AAUS ArticleDownload - Published: 2025-08-04 - Modified: 2025-08-04 - URL: https://practus.com/steven-young-peer-rated-highest-level/ Martindale-Hubbell, a global attorney rating network has given Steven Young its highest rating, AV Preeminent, in legal ability and ethical standards. This is MH’s highest rating and reflects confidential opinions procured from members of the Bar and Judiciary. Young says, “One of my key goals in being a litigator throughout my 51-year career is not only to staunchly advocate for my clients, but to do so in an ethical and professional manner, earning the respect of my colleagues, opposing counsel and the judiciary. This recognition means I have achieved that goal. It is very meaningful to me and deeply appreciated. ” Martindale Hubbell Client Review Ratings come from individuals who have either consulted with or hired the lawyer or law firm. - Published: 2025-07-31 - Modified: 2025-09-03 - URL: https://practus.com/what-law-firm-partners-really-want-5-things-they-say-behind-closed-doors-before-making-a-lateral-transition/ Not just better hours. Not just more money. Here’s what attorneys really talk about when they’re ready to seek new law partner opportunities and make that lateral transition.   Following a 14% increase in lateral partner-level hires at firms over the last year, there’s no shortage of recruitment offers. Attorneys’ inboxes are filled with promises of flexibility, higher compensation, and better culture. But behind closed doors (when we take a hard look at why so many attorneys are even considering new law partner opportunities), it’s about more than standard offers.   At Practus, we’ve heard it all. And when attorneys are honest about what they want in a law firm, five themes continue to rise to the top:  1. Autonomy Over Billing Practices  Most seasoned partners have long since mastered the billable hour, yet many are frustrated by how limited their options are beyond it. Firms that rely on rigid billing models often miss opportunities to best serve their clients and, in turn, their attorneys.   Law firm partners want the ability to:  Craft alternative fee arrangements  Tailor invoices to specific client needs  Focus on value, not only hours billed  Whether it's a flat fee for a repeat matter or a success-based model for complex litigation, they’re looking for a smarter, more sustainable way to price their services.   The key isn’t to abandon structure; it’s to offer more autonomy in how it’s applied.   2. Predictable and Better Metrics  One of the most common frustrations partners share before making... - Published: 2025-07-22 - Modified: 2025-07-23 - URL: https://practus.com/ask-her-anything-karen-aspinall-speaking-at-mfdf-webinar/ (Washington, D. C. ) Practus partner Karen Aspinall will bring her extensive experience in regulatory compliance matters to field questions at an MFDF webinar: Ask Anything – AI Edition. The webinar, 11am (ET) on July 24, 2025, is the final one in a series about the use of generative AI in portfolio management, back-office operations, and in the board room. Aspinall says this discussion is specifically for independent directors and Chief Compliance Officers of registered funds. “It’s a great chance for participants to come back and ask in-depth questions about topics we’ve discussed in the series. ” You can learn more about the webinar here. - Published: 2025-07-22 - Modified: 2025-07-23 - URL: https://practus.com/2025-chambers-ranking-for-ryan-cuthbertson/ Ranks as a Top Boston Healthcare Lawyer (Boston, MA) Chambers and Partners, a leading legal research firm, has ranked Practus partner, Ryan Cuthbertson for Healthcare Law in Massachusetts (Band 3). Such a ranking means Cuthbertson is considered to be among the top 2% of practitioners in his practice area. This is the second consecutive year Cuthbertson has earned a Chambers ranking. Researchers cite his stellar reputation among an expansive client base as well as his expertise in M&A and regulatory compliance. 2nd Year in a Row – Just as Sweet He says, “I’m proud to be recognized again, but mostly I’m grateful for the trust of our remarkable clients who make this work purposeful and exciting as they constantly strive to expand access to healthcare and improve the experience of their ultimate customers. ” Chambers: The Mark that Matters A Chambers ranking holds special prestige. Its in-depth research team analyzes lawyers and law firms across more than 200 jurisdictions and bases rankings on independent and impartial intelligence and market insight. Cuthbertson has worked with a multitude of businesses in the healthcare space including pharmacies, laboratories, hospital systems, medical groups, telehealth start-ups and much more. He has extensive experience in all manner of transactional, operational, and compliance matters in the healthcare industry. - Published: 2025-07-22 - Modified: 2025-07-31 - URL: https://practus.com/molly-aspan-earns-2025-chambers-ranking/ Seven Years and Counting (Tulsa, OK) For the seventh year in a Row, Chambers and Partners has ranked Practus attorney Molly Aspan for Labor and Employment law in Oklahoma for 2025 (Band 3). The ranking signifies that Aspan is a leading lawyer in her practice area. Chambers produces international rankings for the top 2% of lawyers and law firms across 200 districts. Prestigious Ranking Based on Research Lawyers who earn a Chambers ranking do so based on extensive analytics and research. Chambers interviews clients and colleagues of nominated attorneys. In ranking Aspan, Chambers cited her deep experience advising and counseling employers on employee issues, employment litigation and administrative proceedings as well as her role in helping clients develop policies, implement them, and handle investigations. Ranking Means Clients Like her Approach Aspan says “I have always acted as a close advisor to my clients’ management teams. A seventh Chambers ranking affirms to me that my clients appreciate the work I do with them and for them. It’s really an honor. ” Molly Aspan is based in Oklahoma and practices Labor and Employment. In addition to advising and counseling employers, she also has extensive experience litigating trade secret cases and covenant not to compete or solicit across a wide range of industries. - Published: 2025-07-22 - Modified: 2025-09-22 - URL: https://practus.com/practus-etf-transactions-featured-in-bloomberg/ (New York City, NY) Bloomberg News published an article about the significant benefits of deferred capital gains when assets flow into exchange-traded funds (ETFs) through what’s known as a 351 conversion. Of the ten transactions highlighted in the article, Practus’ team has completed half of them. Robert Elwood says it’s confirmation that he and his Practus colleagues, John Lively, Karen Aspinall, Ray Holst, Wade Bridge, and Tina Bloom, are pioneers in a field that has transformed the investment management industry. Elwood adds, “We and our clients (ETF Architect, Alpha Architect, and Ultimus Fund Solutions) have completed 100 Section 351 transactions. I suspect we are, by far, the leading law firm in this area. ” You can read the article here: Capital Gains Vanish Into BlacDownload - Published: 2025-07-08 - Modified: 2025-07-08 - URL: https://practus.com/timothy-spangler-going-back-to-the-future-at-asset-management-webinar/ Practus Partner Timothy Spangler will serve as a panelist for a July 10 webinar put on by Investment Company Institute (ICI): The Digital Future of Asset Management: Current State and Regulatory Landscape. Tim and the other panelists will discuss the transformative technologies, such as AI and blockchain, that are shaping the future of assets management. He says, “This is an area we’re seeing a flurry of regulatory activity in many global jurisdictions. Among other things, we’ll explore the key legal and regulator hurdles facing asset managers who want to adopt blockchain, such as the tokenization of assets or use of smart contracts. ” Join us on 10 July, at 8:30–10:00 a. m. EDT / 2:30–4:00 p. m. CEST / 8:30–10:00 p. m. SGT+HKT, for this 90-minute webinar. You can register here exploring the Digital Future of Asset Management: Current State and Regulatory Landscape. You can register here. - Published: 2025-07-08 - Modified: 2025-07-08 - URL: https://practus.com/compliance-deadlines-for-small-business-lending-rule-extended/ CFPB Issues Final Rule to Implement Section 1071 of Dodd-Frank Act On June 18, 2025, the Consumer Financial Protection Bureau (CFPB) extended small business lending rule compliance deadlines. The small business lending rule amended Regulation B of the Equal Credit Opportunity Act pursuant to Section 1071 of the Dodd Frank Act or the 1071 Rule. Litigation involving the CFPB delayed the original rule’s compliance deadlines in 2024. Although the litigation resolved in May of 2024, the CFPB just updated the compliance dates this month. Here is a chart showing the new compliance deadlines as well as the previous changes: Compliance Tier 2023 Original Compliance Date 2024 Interim Final Rule Compliance Dates 2025 Interim Final Rule Compliance Date New First Filing Deadline Highest Volume (Tier 1) October 1, 2024 July 18, 2025 July 1, 2026 June 1, 2027 Moderate Volume (Tier 2) April 1, 2025 January 16, 2026 January 1, 2027 June 1, 2028 Smallest Volume (Tier 3) January 1, 2026 October 18, 2026 October 1, 2027 June 1, 2028  The 1071 rule faces intense debate in Congress. Efforts to refine or possibly repeal the rule are ongoing. We’ll keep you updated on any changes. - Published: 2025-07-08 - Modified: 2025-07-08 - URL: https://practus.com/oops-behringer-tweaks-klon-clone-pedal-to-triage-trademark-liability-exposure/ Quick Context Recently I wrote about the trademark and false endorsement case filed by Mr. Bill Finnegan against Behringer. (TL;DR ... Behringer made a pedal called "Centaur" that is alleged to infringe Finnegan's world famous Klon pedal called ... "Centaur. " And those accused pedals are also alleged to have violated Finnegan's trade dress rights and his personal rights of publicity. ) Change is a Good Thing? Sometime around mid-June 2025, Behringer changed its CENTAUR pedal to CENTARA. Also, Behringer added BEHRINGER on the front of the pedal. Behringer also did a lot to embellish the new Centara logo itself, by adding more detail. But literally everything else about the pedal is the same (knobs, color, chassis, label, etc. ). Image Credit: Behringer. com What does this mean for the case? Damages might get capped to the date when Behringer changed the name from Centaur to Centara. This sort of change could be used to show "bad faith" to actually inflate the remaining damages claims. As the plaintiff's attorney, I would (hypothetically) argue that this whole pedal launch was a publicity stunt for Behringer who normally cranks out knockoff pedals without much splash. This will make the exercise of calculating damages more annoying and more expensive for the plaintiff's team because you'll have to distinguish between the Behringer Centaur and the Centara. As I stated in my first post, I think Behringer has a meritorious claim that Finngean abandoned the Centaur logo, thus limiting the case to trade dress and... - Published: 2025-07-03 - Modified: 2025-07-03 - URL: https://practus.com/lululemon-stretches-ip-portfolio-against-costco-in-lawsuit-asserting-trademark-trade-dress-and-design-patent-infringement/ If you’ve walked through a Costco recently, you might have done a double-take. Tucked between the giant bags of coffee and discounted TVs, you may have spotted activewear that looks, well, familiar. Lululemon thinks that certain activewear at Costco are not as they SEAM (the pun will make sense if you skim the complaint): Photo credit from the complaint. I should teach a class on graphics for lawyers. MS paint much? Sheesh. Lululemon’s Warrior Pose Lululemon, a titan of high-end athleisure, has officially fired back. In a new lawsuit filed in the Central District of California, Lululemon is accusing wholesale giant Costco of selling a range of "dupes" and "knockoffs" that infringe its trademarks, trade dress, and design patents (along with other state law claims that we won't get into here). The complaint reads like a declaration of war in the ongoing battle against fashion dupes, even citing a Washington Post article titled, “Is That Hoodie a Lululemon or a Costco Dupe? No One Has to Know But You. ” Lululemon seems upset. Let's break down the claims and see if Costco has a legal leg to stand on. The Battleground: What Products are in the Crosshairs? This isn't just about one product. Lululemon is coming out swinging, protecting several of its crown jewels. Lululemon's DEFINE® Jacket: Famous for its flattering, body-contouring seams: Photo from the complaint Lululemon's SCUBA® Hoodie: The ubiquitous oversized hoodie with its unique kangaroo pocket and seam details: Photo from the complaint Lululemon's ABC Pants: The... - Published: 2025-06-30 - Modified: 2025-07-03 - URL: https://practus.com/the-klon-wars-pt-1-behringer-taunts-guitar-pedal-icon-bill-finnegan-who-responds-with-trade-dress-lawsuit/ My Hot Take: Time for Behringer to Step Up and Settle Behringer needs to settle this case or be okay with losing a lot of money. Here's why you need to bring in IP counsel at the product design stage! Read on. Here's the complaint. Quick Facts: Bill Finnegan started making his Klon Centaur pedals in the early 1990s. The Klons were (and are) considered to be the holy grail for luscious overdrive that does not require the user to push their amp to impossibly loud levels. More on how he did this can be found in this article: https://www. guitarworld. com/gear/effects-pedals/klon-centaur-explainer You Get What You Pay for with a Centaur  This guy hand-wires every single Centaur and intentionally limits the supply to adhere to his ethos of perfection. On the secondary market, these older handmade pedals go for thousands, sometimes, $10,000+ depending on the serial number. The newer pedals aren’t cheap either and are normally gobbled up by folks like John Mayer, Jeff Beck, Matt Schofield, among other rock icons. (You'd be hard-pressed to find one at a local band's show. )  Suspended Use but Retained Mark & Trade Dress  Here's one weird thing about this case. According to the Complaint (Para 27) (emphasis mine): "In early 2002, Finnegan suspended use of the original and modified CENTAUR Logo, and future units sold did not contain either Centaur Logo, but continued to retain the Centaur Mark and all other aspects of the Centaur Trade Dress (the “Current Centaur Pedal”), as... - Published: 2025-06-27 - Modified: 2025-06-28 - URL: https://practus.com/six-minutes-with-patrick-clendenen/ 1. How do you define your legal practice and typical clients?   I really don’t have a typical client. I’ve represented large public and small private businesses and individuals in commercial and IP litigation and arbitration over the years. I’ve appeared in state and federal courts around the country, but principally in Massachusetts and Connecticut. The nature of the cases vary and often come in waves, as the clients evolve in a changing economy. Over the last five years, much of my work has been in the construction industry. Before that – financial services, hospitality, and biotechnology. The diverse nature of disputes, areas of law, and client industries make business litigation work challenging, interesting, and rewarding.    2. Tell us about your legal career journey. What made you become a lawyer and how did you land at Practus? I worked in my father’s law office from a young age—from delivering mail, filing court papers, and landscaping to paralegal-type work with discovery and depositions. I’ve enjoyed the intellectual, competitive, and adversarial nature of litigation in service to clients seeking justice. I served as federal law clerk after law school and thereafter as an attorney at a number of firms, including my father’s, before he retired. Then I met John Lively and Practus LLP ... and here I am. Wait – you did landscaping?   Lawn, bushes, mulching, flower beds, painting—nothing too involved. The only way to mow is to master the cross-cut. IYKYK.   That sounds kind of involved ...  ... - Published: 2025-06-21 - Modified: 2025-09-02 - URL: https://practus.com/approval-of-investment-advisory-agreements-legal-requirements-and-best-practices/ Practus is proud to team with ISS-Corporate, a leading provider of 15(c) services to boards, for an upcoming webinar: Approval of Investment Advisory Agreements – Legal Requirements and Best Practices on July 10, 2025 at 11am PT / 2pm ET. Best of Both Worlds: Legal Expertise & Data Join ISS-Corporate's Director of 15(c) Board Services, Melissa Noon, along with Practus Financial Services partner, Stephen King, for a discussion of the 15(c) process, including related disclosure issues and best practices. Moderated by Practus partner Chris Hayes, this webinar brings you the best of both worlds: a review of the applicable legal standards and best practices and ISS-Corporate expertise on providing data that assists boards in satisfying their duties in the 15(c) process. Who should attend: Fund attorneys Corporate executives Board members of registered investment funds Compliance officers Legal counsel involved in 15(c) contract renewals The review and approval of investment advisory agreements is regarded as one of the most important responsibilities of a registered fund board, and the SEC has shown a willingness to bring enforcement actions when the process is flawed. Let our experts help you better understand how to avoid issues that may expose your board or investment adviser to legal or regulatory liability. Our panelists, Stephen King and Melissa Noon, have extensive experience advising funds and their boards on the 15(c) process. Learn more about our panelists and register for this webinar here - Published: 2025-06-18 - Modified: 2025-09-02 - URL: https://practus.com/flexibility-fatigue-in-attorneys-when-remote-work-isnt-enough/ Remote work is no longer a perk - it’s the expectation. According to recent industry reports, 82% of law firms now offer some level of remote work. But a crucial question remains: does remote access really give attorneys more flexibility?   For many, the answer is no. When “flexibility” via remote capabilities is applied as a surface-level fix rather than a structural shift, attorneys experience flexibility fatigue.   Flexibility fatigue sets in when highly capable attorneys (those with substantial experience and a lot of responsibility) realize they still lack real control over how they work. Consider a remote-first firm where partner-level attorneys are required to work 10+ hour days, every keystroke is tracked, and being offline for part of the day is grounds for termination. That’s not flexibility or autonomy. That’s micromanagement via Wi-Fi... and it’s more common than you might think.   What Remote Law Firms Get Wrong About Flexibility  Remote ≠ flexible. Just because an attorney is working from home doesn’t mean they’re working with freedom. In fact, rigid schedules, top-down control, and digital surveillance have replaced in-office pressure with online pressure.   In our earlier article about modern law firms, we discuss how 82% of law firms report some level of remote work. However, 61% of firms still mandate in-office time, creating a type of performative flexibility that conflicts with what attorneys want and what they actually receive. Let’s break down what performative flexibility often looks like:  Clocking in from home A firm may claim there’s no... - Published: 2025-06-12 - Modified: 2025-06-12 - URL: https://practus.com/pat-clendenen-2025-super-lawyer/ Commercial litigator, Patrick Clendenen has been selected to the 2025 Connecticut Super Lawyers list. Only 5% of attorneys receive this recognition, which is reserved for those considered to have exhibited excellence in practice. Candidates are evaluated on 12 indicators of peer recognition and professional achievement. Patrick says it always feels good to have an objective third party, such as Super Lawyers, validate the quality of his work, “I’m honored by this recognition and grateful to again join this eminent group of Connecticut business litigation attorneys. ”  Super Lawyers selects attorneys annually, on a state-by-state basis, and across a variety of practice areas. Only lawyers with many years of experience are eligible for the Super Lawyers designation.   ## Attorneys ## Practice Areas ## Industries