Think Twice Before Claiming “Things” on Social Networking Sites -- Global LPO Conference

Come March 1st, 2011, the Advertising and Standards Authority of UK shall have a bigger role to play. The ASA’s digital remit has been extended as far as it relates to public relations.

All advertising and promotional claims on the internet, including social networking sites such as Twitter and Facebook, are to come under the same regulations as the press and television. This seems to be a welcome extension of the powers of the ASA.

So think twice before you claim things on social networking sites or advertise your products or services in any one of them.

ASA’s new powers will be funded by a 0.1 per cent levy on paid-for advertisements appearing on internet search engines. It said that Google, the leading search engine, would be providing “seed capital” to initially finance the ASA.

There shall be a quarterly review of the extended digital remit by the Committee of Advertising Practice (CAP), Advertising and Standards Authority ASA) and the Advertising Standards Boards of Finance (ASBOF) to ensure that the UK’s advertising self-regulatory system continues to work in the best interest of consumers and the marketing community in the online and offline world.

http://www.globallpoconference.com/usa/blog/14-think-twice-before-claiming-things-on-social-networking-sites.html

The Power of the Legal Network ~ Networking 101 for Attorneys -- by Global Lpo Conference

The power of networking is undeniable; whether a spontaneous or a well thought out intentional act, networking today has evolved into an art form. Networking is no longer merely about having access to information about jobs, developments within your firm or happenings in the legal market. It has assumed mammoth proportions and could be the difference between success and failure. While it is true that man cannot live in isolation, we all fear the unknown and naturally shrink at the prospect of going out of our way to ‘get-to-know’ people whom we otherwise would not have known. The foundation of a thriving and successful business/practice rests on sound communication skills and efficient networking. Irrespective of the area of your specialization, it is essential that you have a fair amount of contacts that will be your support when you’d like to try out a new venture or even during rough weather. Networking with others allows businesses, big or small, to share data, experiences and knowledge that could be mutually beneficial.

However, for most attorneys, marketing does not come naturally. Inherently, attorneys are hard wired into being independent, opinionated, self-reliant and largely undiplomatic in their mannerisms; qualities that do, at the onset, seem diametrically opposite to those required for networking successfully. The case is no different in the LPO industry. The primary benefits of networking for those in the LPO industry include;

(1) maintaining a strong network amongst professionals in the same field helps not only in the exchange of information; but since this is a fairly nascent industry, it also helps highlight and cope with the teething problems faced by the industry;
(2) networking aids in staying current not only on the laws but also business practices across the board;
(3) helps professionals build their industry visibility;
(4) creates a solid base for learning about possible new opportunities; and
(5) helps raise your company profile.

When in doubt, perhaps your most valuable tool is the ability to call someone you know and discuss how they are handling particular challenges. This ability to benchmark and trade best practices is an obvious and direct benefit of networking for professionals in the legal outsourcing industry. Some of the common and most successful ways that one can network in this industry include:

• Participating in Professional organizations and Conferences that hold regular networking events
• Subscribing to bulletins and newsletters to keep abreast of the latest in the industry
• Online forums like LinkedIn or creating a blog to discuss key issues that you may be facing professionally
• Attending Seminars with leading experts on the panel

With the spectre of ever increasing expectations looming large over the LPO industry, it is time for all associated with it to join hands and harness the potential of a network that can sustain the hopes and aspiration of every individual member. The Global LPO Conference 2011 is our attempt to first create a robust network and then raise awareness amongst members regarding best practices and innovative ideas.

http://www.globallpoconference.com/usa/blog/15-the-power-of-the-legal-network-networking-101-for-attorneys.html

Bankruptcy An Overview -- eeikbon's blog

If you have critical financial debt troubles you could be contemplating bankruptcy. It is important to recognize what bankruptcy is and no matter whether it is the appropriate alternative for you.
 
What is bankruptcy? Bankruptcy is a short-term legal standing. When bankrupt, your non-essential property these kinds of as residence and possessions such as extra cash flow are utilised to spend off your creditors. At the end of the bankruptcy period, most debts are discharged. This can be an effective way of clearing debts you can't spend.
 
How lengthy does bankruptcy very last? Bankruptcy usually lasts for one 12 months. Soon after this time, you'll be "discharged" from your bankruptcy regardless of how considerably you nonetheless owe. Your discharge could occur earlier if you co-operate totally with the Official Receiver. Nonetheless, in a modest number of circumstances and if you have behave irresponsibly, bankruptcy can previous for much far more than one particular 12 months.
How do you turn into bankrupt? A court declares you bankrupt by issuing a "bankruptcy order" soon after it's been offered with a "bankruptcy petition". Generally this transpires in one of two ways.
 
Filing your own bankruptcy petition. - A debtor's petition type can be downloaded from the Insolvency Services website or obtained from county courts with bankruptcy jurisdiction. The finished form ought to then be taken to the county court nearest to you that has bankruptcy jurisdiction. A payment of a hundred and fifty kilos and deposit of 360 kilos is payable at this time. This amount can not be waived.
 
A creditor making you bankrupt. - Your creditors can current a creditor's petition if you owe them an unsecured debt more than 750 lbs. Once bankruptcy proceedings have began, you must co-run entirely even if it's a creditor's petition and you dispute their declare.
 
Wherever is a bankruptcy purchase manufactured? Bankruptcy petitions are typically introduced in acounty relevant court close to wherever you reside or trade. Who bargains with your bankruptcy? Once a bankruptcy buy has been created from you, your creditors can no extended go after you for payment. Payment turns into the duty of the trustee. An Official Receiver is appointed if you have no property. If you do have property, an Insolvency Practitioner will be appointed to act as trustee and market your property to shell out your creditors.
 
How bankruptcy has an effect on you. As soon as you are bankrupt, the Official Receiver, or appointed trustee, can sell your assets to spend your collectors. However, selected items are not handled as assets for this purpose, for illustration: essential work gear and necessary home products such as clothes, bedding and furnishings.
 
The Official Receiver can glimpse at your cash flow taking into account expenses and choose if payments need to be produced to your creditors. You may possibly be asked to signal an "earnings payments agreement" to shell out fixed month to month instalments from your cash flow for 3 years.
 
Your obligations when you're bankrupt. You need to: Give the Official Receiver facts of your finances, assets and collectors, search right after your property and hand them over to the Official Receiver with the related paperwork, such as financial institution statements and insurance coverage policies, tell your trustee about any new assets or earnings for the duration of your bankruptcy avoid using credit cards and financial institution or building society accounts not receive credit score about 500 kilos without having telling the creditor that you are bankrupt not make payments immediate to your collectors. You might also have to go to court and clarify why you are in debt. If you're considering about declaring by yourself bankrupt or you are becoming threatened with bankruptcy, it's crucial to seek independent assistance.
 
Related Sites : uk bankruptcy advice

http://www.thoughts.com/eeikbon/bankruptcy-an-overview 

Solicitors Regulation Authority may undertake ‘thematic review’ of the LPO sector in 2011 -- Bar & Bench News Network


The Solicitors Regulation Authority (SRA) is considering legal process outsourcing (LPO) as part of the consultation in Chapters 4 and 7 of the current draft of the Handbook. According to media reports, this Handbook is due to be launched in April of 2011.

Speaking to Bar & Bench, spokesperson Geoffrey Negus said, “The key issue for us is that it should not absolve the delegator (i.e. a legal service provider) of responsibility for the matter delegated”.

He added, “However, although we have not made any final decision, this is such a growing and fast-developing issue that we may undertake a thematic review in 2011 to identify whether there are any particular issues or risks that require changes to our current regulatory requirements or whether certain outsourcing arrangements need particular attention in the supervision process”

http://barandbench.com/brief/2/1158/solicitors-regulation-authority-may-undertake-thematic-review-of-the-lpo-sector-in-2011