LAW FIRM PARTNERSHIPS: A BARGAIN?

On 6th March, 2024 when my attention caught this viral picture on Facebook of a couple legal personalities ROSS OSEI Esq and SYLVIA MAMLE ASSEM called to Ghananian Bar on 23/10/23 along with Ghananian Foreign Affairs Minister, Shirley Ayokor Botchway, I erroneously wrote they were called to the Nigerian Bar. Incidentally that also went viral.

However, it was the account of GhanaCelebrities.com that gave us the correct version.

The incident also reminded me about my call to the Nigerian Bar decades ago along with a couple legal personalities too.

I'm just wondering whether there's anything you've learned, especially our colleagues out there who may be itching to know before making the decisions Ross Osei Owusu Esq and Sylvia Mamle ASSEM Esq made?

Running Law firm partnerships could be difficult and sometimes a disaster. In some negative instances associates/partners rather than operate like birds of same feathers, turn out to be in thug of war: totally the opposite of business partnership, everyone moving against the tide. Are there antidotes to that?

However, we've seen law firm partnerships developed from informal structures to become quoted companies at the global stock lists.

According to reports quoted commercial law firms within one year, recorded 26% rise in value. UK law firms Gateley Holdings Plc and DWL Attorneys were cited as examples.

Similarly a report from law.com cited South Africa's EndAfrica as the first among 50 largest commercial law firms in Africa, lending credence to the benefits of partnership law firms.

Like other businesses law firm partnerships face challenges and fortunes, however everything depends on the leadership and how far their vision could take them.

I remain Ikechukwu Odoemelam  l IPlawyer  l Copywriter  l  Author  l  Digital Marketer  l  Graphic Designer  l  Blogger

JOIN AN EASTER THAT BRINGS CHANGE TO YOUR VALUE

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PRESIDENTIAL V. PARLIAMENTARY CONSTITUTION presidential parliamentary lawmakers constituency projects people government million Naira CorporateLeaders corporate social responsibility mindset community

The humongous disbursement of N500 million to lawmakers for constituency projects has sparked off a debate as to which type of constitution is more cost-effective than the other.

Nigeria recently changed government with the resultant ailing economy and hardship. Consequently politicians and public figures have come under intense pressure to assist their constituencies and communities. Of course by the nature of public offices they occupy, they're morally obliged to notice the underprivileged, indigent and dilapidating environment and take action.

✍️How they respond depends on who they are; nature of services they render to the people and mindset.  Very often the temptations to respond through cash donations or promissory notes become irrisistable. Yet, some public officers who have aides get over some of these public relations engagement with the communities in different ways.

✍️One of the various engagements is occasionally organizing empowerment skills acquisition training for selected groups across the community.

✍️You can leverage on our  Skills Acquisition Training Program to empower the youth, unemployed persons and retrain already working people in your constituencies/communities. Your benefits are innumerable.

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✍️The other benefit which cash donations alone cannot replace is the fact that training is seed sowing with unlimited quantity ahead. Whereas cash donations shared by few hundreds or thousands are usually for economic relief and consumption.

CONSTITUENT PROJECTS

✍️Honourable, pause a minute to take a retrospection of various celebrations you've had: birthdays, anniversaries, thanksgivings etc. Did you consider using any of those past occasions to promote CSR? If you did the benefits would have been yours.

✍️Now that you've gotten N500 million ideas next time you're going to engage in any or all of those activities you may wish to secure our services. It's pretty affordable because we also serve communities in one way or the other.

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PASSAGE OF EUROPEAN AI ACT 2024

Ikechukwu Odoemelam Esq, 

Corporate Attorney- I Consultant 

16 points you need to know about European AI Act is a brief account of the passage of the long awaited Act which the world want to model in order to combat AI 

While the case,Getty Images Inc and associates, against Stability AI, was still ongoing the long awaited European AI Act was passed into law, Wednesday 13th March 2024 by members of European Parliament. Getty had alleged Stability AI“scraped” millions of images belonging to Getty without its consent.

Getty's claims included copyright infringement, trade mark infringement passing off as well as database right infringement

Just as the defendant seemed not to come to terms with the main claim yet, instead they're entering 'no case submission' defence.

After a glimpse at the 'Act' classifications were dominant as one of the features of the Act. Here are some of the outstanding ones:

Unacceptable Risk AI Systems: AI systems posing significant risks to fundamental rights, safety, or welfare that are prohibited for use or restricted to prevent harm.

High-Risk AI Systems: AI systems with specific characteristics or applications that could pose significant risks to health, safety, or fundamental rights, subject to stringent requirements and oversight.

Limited-Risk AI Systems: AI systems with moderate risks, subject to certain obligations to ensure transparency, accountability, and user protection.

Minimal-Risk AI Systems: AI systems posing minimal risks to health, safety, or fundamental rights, typically exempt from extensive regulatory requirements but still expected to comply with basic standards.

Exempt AI Systems: AI systems falling outside the scope of regulatory oversight due to their negligible or insignificant risks.

Autonomy was embedded in the broad definition of AI.

A duty of fundamental rights impact assessment is now imposed on banks, insurers and governments.

AI systems and GPAI models now come with special transparency obligations.

A right to complain is provided for as well as mode of enforcement.

Bearing any errors or objections by European Council, the Act will come into force in May 2024.

Twenty days after Publication of AI Act in the Official Journal the Act will become enforceable.

Enforcement of prohibited AI practices begins after 6 months.

AI systems and GPAI models obligations commences in 12 months.

AI Act will apply in 24 months as well as most other obligations.

High-risk systems obligations listed in Annex II commence in 36 months time.

Public high-risk AI by authorities excluded from the market takes effect in 48 months.We need more information on the Act and responses from the general public as comments, reviews and critiques unfold. 

Till then,

I remain Ikechukwu Odoemelam  l IPlawyer  l Copywriter  l  Author  l  Digital Marketer  l  Graphic Designer  l  Blogger

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Congratulations once again if you're one of the 4,412 person's called to the Bar,⚖️ on 5th March.🗽💰 Among you was a former Governor and Transport Minister, Rotimi Amechi, just as we had former military Governors David Jemibewon and Yohanna Madaki during our call to the Bar.

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I was one of such people wishing to be making money effortlessly online but I got frustrated😡 and began to think that the results posted online about earnings were false. It took a while before I realized that the difference between those earnings 💵 and me are:

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5. No leverage

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INCIDENTS OF COLLAPSED BUILDINGS: PREVENTIVE/CURATIVE MINDSET AS PANACEA?

In 2022 alone 62 incidents of collapsed buildings 

occured in Nigeria. Towards the end of 2023 more than 

half of 2022 figure had occurred; raisins the question

whether measures are in place to abate the occurrences. 

Of course we'll know it's both national as well as states

issues. 

Let me start from acknowledgement of the

establishments of Building Code Advisory Committee

(BCAC) and Building Collapse Prevention Guild and the

mischief of their establishments. 

If the provisions of the National Building Code are

observed to the letter why do we have rampant incidence

of building collapses and defective structures leading to

accidents? Apart from security threats, loss of lives and

properties arising from these avoidable incidents it has

raised questions about the efficiency and capability of

professionals and government agencies responsible for

enforcing the provisions of the relevant laws.

These days it seems to me that we need to move fast 

with updates and amendment of our laws. The building

code was established long before digitalization, therefore

 it would not be out of place to ask for requirement

digitalized construction of structures to tally with global

standards.

There seem to be lapses along the line of all agencies

responsible for enforcement. We have to start from

creating awareness of the law sine Nigeria is largely rural

in construction compared to advanced countries. The

awareness is also necessary for those who apply and

enforce the laws.  For instance those who issue

approvals for buildings and constructions going on in the

communities should be held responsible in tort.

Many professionals are involved in the building and

 construction industry and it would be unfair to single out

 one professional for blame.  However, it amounts to

 criminal silence on the part of Quantity Surveyors and

 Construction and Cost Management professionals not to

 whistle-blow or report when buildings are being set up

 without proper compliance with relevant laws,

 specifications and approvals leading to their collapses.

Within six weeks into 2024 there have been several

incidents of collapse of defective structures arising from

fire or poorly constructed structures in Abia State.

The government should tackle the menace headlong.

Ikechukwu Odoemelam Esq 

https://selar.co/m/ikechukwu-odoemelam-esq1

BLOGGER:. https://www.corporateleadersboard.blogspot.com

COLUMNIST: https://www.thenigerianvoice.com/author/iykeOzemena

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THE POWER OF GEOMETRICS

The idea of "Integrated Power Project" IPP for ABA at a time Nigeria was crippled by NEPA failure, is unique and should be applauded.

The Electricity Acts of 2005 and 2023 put together so far, failed to achieve what they were intended to do; making the applause for Geometrics reluctant to quench.

Obviously these discos least expect to cooperate to promote "private alternatives" that would render their services unprofitable. For instance how did they respond to using their structures like distribution channels by consumers? 

This may not be understandable until you go through the Act and BPE (Bureau of Public Enterprises).

By way of suggestions the least to be expected is the possibility of the Discos entering into inter-Discos collaboration MOU and with alternative power providers to use existing structures, conduits, channels etc exchange power supply. But it would asking for too much to expect the Discos to perform like Geometrics.

I'm aware that part of the Act provided subsidized electricity for rural communities. That suggests that if the communities are making efforts on their own, the Government being a stakeholder and defender of rural communities would ensure that such efforts are not frustrated.

 How the Government plans to tackle power supply in Nigeria remains a conundrum unless they borrow a leaf from Geometrics. The implications are far-reaching because the Transmission Companies have to should be thinking outside the boxes. There're now numerous sources of generating energy.

How do we even address the dimensions of gas being a component of power generation in a country that flares gas?The minister's response often is that of shortage of gas which is a critical component of power supply.

Why can't we make gas supply as a separate commodity abundant, rather than flare it. At least this could stop the embarrassment the frequent collapse of national grid. I doubt if common ideas like this are directed to right and relevant destinations. If they don't as I suspect, the "Geometrics" out there know what to do with them.

Thanks for attention anyway.

Ikechukwu Odoemelam 

Please connect  https://wa.link/60jvdu

BLOGGER:. https://www.corporateleadersboard.blogspot.com

COLUMNIST: https://www.thenigerianvoice.com/author/iykeOzemena