OBLIC news, events and updates.

This week we feature updates on CTA and FTC Non-Compete Rule. Read the updates carefully to comply with changing reporting requirements for CTA. We will continue to follow the trajectory of the non-compete rule. We hope this information is helpful if your practice involves these areas. FTC NON-COMPETE RULE An opinion in Ryan LLC, et […]

The Federal Emergency Management Administration (FEMA) annually recognizes September as National Preparedness Month, emphasizing five national preparedness goals: Prevention, Protection, Mitigation, Response, and Recovery. Attorneys play a crucial role in managing risk for their clients by proactively preventing incidents and establishing protections for critical events. Life insurance is a vital component of risk management. Life […]

Two recent developments in July impact the filing of civil lawsuits.   On July 24, 2024, the Ohio Supreme Court decided McCullough v. Bennett, Slip Opinion No. 2024-Ohio-2783, rejecting the “one-use” limitation of the saving statute to permit the refiling of a dismissed lawsuit.   On July 24, 2024, Governor DeWine signed H.B. 179 of the 135th […]

We’re sure you’ve heard some of the red flags and warnings about attorneys using generative AI in their practices. But what about green lights? This week’s OBLIC News features an update on use cases of new AI tools to help you adhere your AI uses to the highest standards of professionalism. You’re in the Driver’s […]

Recent statistics indicate 56% of people experience FOMO (Fear of Missing Out) when they’re away from social networks. We don’t want you to have OBLIC FOMO! Here’s a list of user-friendly services and resources so you don’t miss out! OBLIC HOTLINE Insured attorneys are encouraged to utilize the OBLIC Loss Prevention Hotline for tips and […]

It’s our general recommendation that attorneys implement billing practices that prevent past due balances to the extent possible. Charging sufficient retainers, implementing recurring payments to help clients avoid large bills or infeasible retainer replenishment requests, and periodically reviewing accounts with office staff are all proactive practices that can mitigate delinquent receivables. We encourage you to […]

Triplines, landmines, and trap doors? Advertising legal services may seem fraught with peril. This week, we’re neutralizing the hazard with 10 tips for effectively and ethically advertising legal services in Ohio: Start with the Rules: Familiarize yourself with the Ohio Rules of Professional Conduct: Rules 7.1, 7.2, 7.3, and (new) Rule 7.4. These rules lay […]

This OBLIC Alert brings you three important developments for several areas of practice. CTA Updates from FinCEN Ohio Board of Professional Conduct Opinion 2024 -03 on Fee Agreements ABA Formal Opinion 510 on Avoiding Imputation of Conflicts of Interest CTA Updates from FinCEN On April 18, 2024, FinCEN updated its Beneficial Ownership Information Frequently Asked Questions […]

OBLIC continues to provide updated information and answer your questions on CTA. Beginning in December 2023, we informed that  the Corporate Transparency Act launches January 1, 2024, what it requires and guidance on some practice considerations. In our January 2024 OBLIC Alert- Your Hotline Questions: CTA, we looked at whether a law firm has to […]

The Corporate Transparency Act (CTA), part of the Anti-Money Laundering Act provisions in the National Defense Authorization Act of 2021, took effect January 1, 2024. The CTA requires a non-exempt business entity (a “reporting company”) to report information on their “beneficial owners” (beneficial owner information – BOI) with the Financial Crimes Enforcement Network “FinCEN.” Reporting deadlines to […]