Accounting 101: What is Depreciation?

Accounting 101: What is Depreciation?

In my mind, depreciation has two meanings – the common sense definition most people know intuitively, and the financial accounting definition which dictates how costs of fixed assets are spread out over many years. Note – if you are CPA, feel free to call me out on...
Lawyers are in the Business of Building Boundaries

Lawyers are in the Business of Building Boundaries

A brief conversation I recently had with an IP lawyer. She moved in-house to one of her best clients a couple of years ago. For a time she said that things were going well. She recounted how she largely continued to function as she did when she was outside counsel....
How To Break Things In A Law Firm

How To Break Things In A Law Firm

There is often a gap between the way things function and the way things ought to function. Law firms in particular are susceptible to this problem. Law firms are bastions of doing things “the way they’ve always been done.” This is because lawyers are...