Rapid technological developments urge companies of all sizes to rethink their operations and offers. Recent McKinsey findings, for example, show that almost nine out of 10 organizations realize their business models will evolve. This means we are going to see a huge shift among industries as they build digital practices from the ground up, rather than improving existing models.
This digital movement is not limited to IT-related markets. It is shaping the evolution of all industries. According to the IEEE survey of global technology leaders from the U.S., the U.K., China, India, and Brazil, technology will be reshaping industry sectors from manufacturing to travel and transportation to education in 2022.
So, if you are not keeping up with the latest IT trends, you are behind the curve. Tech innovations are important for continuous education and tech development in any industry. Yet, keeping track of all of them is incredibly time-consuming. Even IT professionals spend a lot of time gathering information, as there are hundreds of expert sources and even more technologies.
How To Stay on Top of Modern Technological Innovation
Staying up-to-date on IT innovations lets companies improve their products, transform their business, and deliver better customer satisfaction. Knowing the latest technological advancements is a chance to stay on top of the industry and contribute to its development. This, in turn, allows to speed up innovation adoption and, eventually, deliver an enhanced user experience.
To do so, organizations must stay on top of “what’s what” in modern technology. Companies will need to find ways to collaborate with each other to share ideas and insights to move the industry forward.
For example, Intetics has created a Vocabulary of Emerging Technologies, which covers IT trends and definitions of all emerging technologies for analysis and reference. Crucially, anybody can contribute definitions to the dictionary. Working together as a community on projects such as this and others, organizations will be able to find the necessary collaboration strategies to understand the wide range of innovations and niches.
Staying on top of recent technology trends also requires a time commitment from employees and direction from the organization at large. Companies must compile resources and help their teams get the support they need to understand the rapidly changing world of technology. Here are a few ways to get started with the various resources available:
- Subscribe to reports published by CB Insights, Gartner, and the World Economic Forum.
- Monitor the Gartner Hype Cycle for Emerging Technologies.
- Study Global M&A reviews, the Periodic Table of Disruptive Technologies and Innovation or reports by tech communities and IT business accelerators like Tech Nation.
Contribute to the Vocabulary! Add Your Tech Term
Read the full version of the article for more useful hacks and to stay on top of tech trends. And feel free to contribute to the vocabulary with missing tech terms.
About Intetics
Intetics Inc. is a leading global technology company providing custom software application development, distributed professional teams’ creation, software product quality assessment, and “all-things-digital” solutions built with SMAC, RPA, AI/ML, IoT, blockchain, and GIS/UAV/LBS technologies.
Based on proprietary pioneering business models of Offshore Dedicated Team® and Remote In-Sourcing®, an advanced Technical Debt Reduction Platform (TETRA™), and measurable SLAs for software engineering, Intetics helps innovative organizations capitalize on global talent with our in-depth engineering expertise based on our Predictive Software Engineering framework.
About the Author
Boris Kontsevoi is the founder and President of Intetics Inc., a leading global software engineering and digital transformation company. Under his leadership, a group of software engineers developed into a truly global technology company with multiple professional certifications and industry awards, including the Global Outsourcing 100, Software 500, Inc.5000, and Global Sourcing Association best of class company.
Boris has over 30 years of experience leading software development teams and over 40 scientific publications in the field of computer science and automation, he is a Certified Outsourcing Professional, and inventor of several business service models including Offshore Dedicated Team®and Remote In-Sourcing®.
He is an initial creator of the Predictive Software Engineering methodology, as well as TETRA™, a Technical Debt Reduction Platform, for a comprehensive quantitative assessment of the quality of software products.
He serves as a Distinguished Judge of WebAward Competition since the year 2000. Boris is a recipient of WebAward for the new Intetics.com slide-website, 2021, “Top 100 Tech Innovators and Influencers” by the Intercon 2020-2021, Entrepreneurial Excellence Award (2009) by The Business Ledger, Gamechanger Of The Year (2017) by ACQ5, Strategic Leader of the Year (2021) by GSA and a professional member and contributor of the IAOP, GSA, Forbes Technology Council, and IDG/CIO.com.
Contact Information
Name: Irina Dubovik
Email: i.dubovik@intetics.com
Job Title: Digital Marketing Director
New LexisNexis Tool Helps Companies Assess Environmental, Social and Governance Impact
The tracking tool leverages the power of Nexis Newsdesk™ to allow users to explore ESG trends and conduct customizable searches
NEW YORK— June 30, 2022—LexisNexisâ has unveiled a new, free-to-use Global Environmental, Social and Governance (ESG) media and news tracker that helps brands to better understand their ESG story. Powered by Nexis Newsdesk™, the tracker allows users to analyze how their brand or company’s ESG efforts feature in global news coverage, as well as to track overall trends in the ESG conversation—all with the click of a button.
See LexisNexis’ ESG media and news tracker in action at www.LexisNexis.com/ESG.
“For most organizations, ESG efforts have quickly gone from ‘nice-to-have’ to an area that impacts everything from consumer brand perception and investor interest to recruiting efficacy,” said Tom Biddle, General Manager, Media Intelligence at LexisNexis. “ESG should be a critical factor in every organization’s communications strategy, and this new tracker helps users to evaluate how their tactics are being received in real-time, in the real world.”
Real-time Coverage
The Nexis ESG tracker includes a simple search bar that serves up the top 15 ESG-related news stories that reference almost any company or brand. This information is sourced in real-time from the Nexis Newsdesk platform, tapping into nearly 100,000 news sources written in over 90 languages from around the globe. The tracker can also be used to conduct multiple searches, allowing users to create quick comparisons between their ESG efforts and those of competitors.
Powerful Insights, Visualized
The tracking tool also offers deep dives into meaningful ESG-related trending topics. These themes are visualized in an array of charts and graphs, providing a snapshot of subjects ranging from executive pay and environmental stories to workplace diversity, bribery and corporate giving. The tracker also analyzes which companies received the most positive recent coverage for their diversity and inclusion (D&I) efforts, breaking down how major organizations like Deloitte, Amazon and Bloomberg are being covered.
What Investors Care About
Today, investors want to know that the companies they’re investing in are not only successful but sustainable. As a result, ESG has become an important factor for evaluating the health of companies—with many investment firms paying close attention to ESG ratings. Media coverage factors heavily into these scores, and the Nexis ESG tracker allows users to quickly and efficiently analyze the most-covered ESG-related topics and how specific companies factor into that coverage.
To experience the Nexis ESG tracker first-hand, please visit www.LexisNexis.com/ESG
About LexisNexis Legal & Professional
LexisNexis Legal & Professional® provides legal, regulatory, and business information and analytics that help customers increase their productivity, improve decision-making, achieve better outcomes, and advance the rule of law around the world. As a digital pioneer, the company was the first to bring legal and business information online with its Lexis® and Nexis® services. LexisNexis Legal & Professional, which serves customers in more than 150 countries with 10,500 employees worldwide, is part of RELX, a global provider of information-based analytics and decision tools for professional and business customers.
About Nexis® Solutions
Nexis® Solutions, as part of LexisNexis and the global RELX corporate family, connects customers to market-leading data through a flexible suite of scalable solutions, including our award-winning, flagship Nexis® research platform. By enabling fast access to a vast universe of enriched data with intelligent technologies, Nexis Solutions empowers business, media, non-profit, government and academic organizations worldwide to quickly discover actionable insights that enable confident, performance-driving decisions.
Media Contact
Leela Bozonelis
LexisNexis | Nexis Solutions
+1-929-383-8781
Leela.Bozonelis@lexisnexis.com
Twitter: @NexisSolutions
LinkedIn: https://www.linkedin.com/showcase/lexisnexis-business-insight-solutions/
LexisNexis CounselLink Releases 2022 Enterprise Legal Management Trends Report
M&A set a record year in 2021, representing 7.4% of total legal billing and garnering a 6.1% increase in the median partner rate
RALEIGH, N.C. — LexisNexis® CounselLink® a leading cloud-based enterprise legal management solution for corporate law departments, today announced the release of its 2022 Enterprise Legal Management Trends Report. Now in its ninth year, the 2022 Trends Report provides insights into seven key metrics driving corporate legal decision-making on improving legal department performance and outcomes. The report leverages Counsel Link data based on more than $49 billion in legal spend across 350,000 timekeepers, 8 million invoices and more than 1.2 million matters.
Among the top key findings, Mergers & Acquisitions (M&A) related legal fees processed through Counsel Link in 2021 represented 7.4% of total legal billing, a significant increase from 4.3% in 2020. The data also reflects that greater demand for M&A legal expertise resulted in material price increases. The median partner rate billed for M&A work in 2021 was $878, a 6.1% increase over the prior year median.
Despite pandemic-related and other pressures for legal departments to reduce outside counsel spending, hourly rate increases paid to US firms showed no signs of slowing. On average, 2021 partner hourly rates increased by 3.4% relative to 2020, which was comparable to the 3.5% growth in 2020 vs. 2019.
Other key findings include the following:
- “Largest 50” Firms Continue to Take Larger Share of High-Rate Work: The “Largest 50” firms (those with more than 750 lawyers) continue to account for the largest share of U.S. legal spend. In 2021, 46% of outside counsel spend was paid to “Largest 50” firms, which is consistent with results from recent years. The three categories commanding the highest partner rates were Mergers and Acquisitions; Finance, Loans, and Investments; and Regulatory and Compliance. Combined, the “Largest 50” firms had a 61% share of legal billings in these categories last year. They also grabbed a majority share of IP Litigation and Corporate Antitrust work, which command higher partner rates.
- AFA Utilization Remains Material: Corporate counsel continued to show strong interest in alternative fee arrangements (AFAs) in 2021, continuing a ten-year trend of growth. Last year, 14.8% of matters billed some portion of other than hourly billing, and 9.6% of all fees were non-hourly. The matter types that utilized AFAs the most were Intellectual Property, Labor & Employment and Insurance. AFAs were utilized the least in Environmental, Commercial and Contracts, and Litigation matters, however, Environmental, Real Estate and Intellectual Property had the greatest percentage of AFA billings in 2021.
- Law Firm Consolidation Rebounded: In 2021, nearly 60% of companies consolidated 80% or more of their legal work with 10 or fewer law firms. Industries with the highest level of consolidation in 2021 included: transportation and warehousing, information companies, retail and manufacturing.
“For the ninth year, CounselLink’s Enterprise Legal Management Trends Report has enabled corporate law departments to leverage authoritative industry data to make informed sourcing decisions and improve legal department performance and outcomes,” said Kris Satkunas, Director of Strategic Consulting for CounselLink and author of the Trends Report. “In the current inflationary environment, it is increasingly important for corporate counsel to keep an eye on rate trends and work closely with outside counsel to manage costs. As the quantity of available data continues to increase, so does the depth and quality of insights that CounselLink’s Trend Report is able to provide.”
The seven key metrics covered by the report include blended hourly rates, law firm consolidation, Alternative Fee Arrangements (AFAs), partner hourly rate differences, partner hourly rate growth by city/state, partner hourly rate growth, and international partner rates. The full CounselLink Trends report is available for download at https://counsellink.com/trends/.
About CounselLink®
LexisNexis® CounselLink® is a leading enterprise legal management solution designed to help corporate legal departments gain 100% visibility into their work, matters, and invoices. CounselLink delivers Work Management, Financial Management, and Vendor Management solutions in one easy-to-use, cloud-based platform for controlling costs, maximizing productivity, and making better decisions — all supported by powerful analytics that provides you with data to demonstrate your department’s value. For nearly 30 years, LexisNexis has been providing innovative solutions for corporate legal departments crafted from the insights of thought leaders, industry expertise, and customer feedback. Discover more about CounselLink online at www.counsellink.com.
About LexisNexis Legal & Professional
LexisNexis Legal & Professional® provides legal, regulatory, and business information and analytics that help customers increase their productivity, improve decision-making, achieve better outcomes, and advance the rule of law around the world. As a digital pioneer, the company was the first to bring legal and business information online with its Lexis® and Nexis® services. LexisNexis Legal & Professional, which serves customers in more than 150 countries with 10,500 employees worldwide, is part of RELX, a global provider of information-based analytics and decision tools for professional and business customers.
Media Contacts:
Eric Sokolsky, Plat4ormPR
eric@platform.com
Contact Information
Name: Dana Greenstein
Email: dana.greenstein@lexisnexis.com
Job Title: Director, Corporate Communications
LexisNexis Enhances the Lexis+ Legal News Hub with the Addition of MLex and Law360 Authority Content and Expansion to Lexis+ UK
Legal News Hub delivers industry-leading news directly into the Lexis+ workflow to keep busy legal professionals informed
LONDON and NEW YORK – LexisNexis®Legal & Professional, a leading global provider of information and analytics, today announced the addition of MLex and practice-specific Law360 Authority content to the Lexis+ Legal News Hub and its expansion to Lexis+ users in the UK. MLex’s regulatory risk content and Law360’s expanded insurance, employment and tax content join the award-winning journalism of Law360 and Law360 Pulse to keep legal professionals up to date on the latest news, trends and changes that impact the business and practice of law within their established workflows.
Legal News Hub is located within the Lexis+ Experience Dock, an integrated starting point for core legal tasks that enables seamless switching between product experiences and workflows. Legal News Hub enhances current awareness functionality within Lexis+, enabling users to stay informed on breaking news and analysis on developments across 98 practice areas, industries, jurisdictions, and regulatory topics. All Lexis+ users can browse headlines and summaries from Law360, Law360 Pulse and MLex and read Law360’s free Access to Justice content. Those with existing Law360 or MLex subscriptions can drill deeper into the news stories and content from within the familiar Lexis+ environment.
Legal News Hub is the latest expansion of the recently launched Lexis+ UK. Lexis+ UK is an integrated ecosystem that gives legal professionals access to the UK’s largest legal research and practical guidance database, now complemented by a powerful set of legal news.
“The addition of MLex and other practice-specific content to the Lexis+ Legal News Hub further solidifies its position as the legal industry’s authoritative source of daily news and content and makes the Lexis+ ecosystem even more indispensable for practitioners who need to stay current on the issues and topics that affect their practice and clients,” said Sean Fitzpatrick, CEO of LexisNexis North America, UK and Ireland. “It also represents the first time that LexisNexis has brought together its two premiere news acquisitions – Law360 and MLex – creating a richer, more seamless news experience for our US and UK customers.”
The Lexis+ Legal News Hub experience now includes:
- MLex: Providing global, exclusive news and forward-looking analysis on key developments in regulatory risk, covering Antitrust, M&A, Data Privacy & Security, Financial Crime, Trade, State Aid (EU) and Sector Regulation.
- Law360: Delivering award-winning, up-to-the-minute coverage of litigation, regulation and enforcement, legislation, executive orders, administrative hearings, corporate deal-making, and more, across all major practice areas, industries, and jurisdictions. Law360 also publishes Law360 Pulse, a dedicated legal news offering delving into the business of law, and Law360 Authority, which delivers daily features, special series and forward-thinking analysis from industry authorities on Insurance, Employment, Tax, and Real Estate (coming soon).
“MLex is the most trusted source of regulatory news for top law firms, corporate counsel and the public sector, helping them respond to changes in the regulatory landscape, navigate risks and uncover new opportunities for their business or clients,” said Bruce Macfarlane, Managing Director, MLex. “Now that MLex is embedded within Lexis+ Legal News Hub, lawyers who rely on our content for enhanced awareness of regulatory developments across the globe can gain the insights they need without leaving the Lexis+ environment.”
In addition to the new content, Lexis+ Legal News Hub features a new user interface, including improved readability, the ability to toggle between MLex and Law360 content, and ‘remembering’ the last four practices visited so users can quickly find the content most relevant to them.
Find out more information about Lexis+ and sign up for a free trial by visiting www.lexisnexis.com/en-us/products/lexis-plus.page.
Current Lexis+ customers can activate free access to all content included in the Legal News Hub for seven days by clicking on any article in the Legal News Hub that is outside of their current subscription and selecting the “Start Trial” button.
About LexisNexis Legal & Professional
LexisNexis® Legal & Professional provides legal, regulatory, and business information and analytics that help customers increase their productivity, improve decision-making, achieve better outcomes, and advance the rule of law around the world. As a digital pioneer, the company was the first to bring legal and business information online with its Lexis®and Nexis®services. LexisNexis Legal & Professional, which serves customers in more than 150 countries with 10,500 employees worldwide, is part of RELX, a global provider of information-based analytics and decision tools for professional and business customers.
About Law360
Law360, a LexisNexis company, delivers breaking legal news and in-depth analysis on the business and practice of law. Law360 combines award-winning journalism with cutting-edge technology to report on the fast-moving issues, trends, and developments our readers require to stay current and competitive, including up-to-the-minute coverage of litigation, regulation and enforcement, legislation, executive orders, administrative hearings, corporate deal-making, and more, across all major practice areas, industries and jurisdictions. Visit www.law360.com to find out what more than 2 million readers at top law firms, Fortune 1000 companies, and key government agencies already know.
About MLex
MLex, a LexisNexis company, is an independent news organization for breaking news and forward-looking analysis on legal and regulatory risk across the globe. Investigative journalists provide exclusive reporting on probes, policy and enforcement trends, litigation and legislative developments across key areas of regulatory risk: Antitrust, M&A, Data Privacy & Security, Financial Crime, Trade, State Aid and Sector Regulation. Trusted by top law firms, corporate counsel and the public sector, our coverage empowers our customers to respond first to changes in the regulatory landscape, navigating risks and leveraging opportunities for their business or clients. Visit https://mlexmarketinsight.com to find out more.
Media Contacts
Dana Greenstein
Director, Corporate Communications
LexisNexis Legal & Professional
212-448-2163
dana.greenstein@lexisnexis.com
Eric Sokolsky
Plat4orm PR
908-288-7201
eric@plat4orm.com
Lexis+ Earns SIIA CODiE Award for Best Artificial Intelligence-Enabled Content Solution
NEW YORK – LexisNexis® Legal & Professional, a leading global provider of information and analytics, today announced that Lexis+, has been named the Best Artificial Intelligence-Enabled Content Solution of 2022 as part of the annual SIIA CODiE Awards. The CODiE Awards recognize the companies producing the most innovative business technology products across the country, and around the world.
Lexis+ is a feature-rich, premium legal solution that integrates advanced research, practical guidance, litigation analytics, brief analysis, legal news and enhanced tools with a modern user experience to deliver greater efficiency and better outcomes.
“This award underscores our commitment to providing an intuitive, all-in-one legal experience based directly on customer feedback,” said Sean Fitzpatrick, CEO, LexisNexis North America, UK & Ireland. “Lexis+ delivers data-driven insights in an easy-to-use ecosystem, resulting in improved productivity, refined attorney workflows and enhanced ability to deliver timely and strategic counsel.”
Lexis+ leverages artificial intelligence developed by the company’s Lexis Labs team. Highly tuned machine learning models for legal use cases power technology-aided insights for lawyers in features like Lexis Answers and Brief Analysis.
“Our deployment of AI technology ensures that our users can be confident that they have thoroughly analyzed a legal issue,” said Jeff Pfeifer, Chief Product Officer, LexisNexis North America, UK & Ireland. “By combining world-class content with the latest in machine learning, lawyers find answers to legal questions faster and with greater confidence that they haven’t missed the proverbial needle in the haystack.”
“Even during these tumultuous times, business application, software, service and product providers continued the industry’s long tradition of developing and marketing innovative solutions to meet business needs,” said SIIA President Jeff Joseph. “We are proud to recognize this year’s class of CODiE Award winners. They truly represent the best of the best in a highly-competitive and ever-evolving market.”
Acknowledged as the premier awards program for the software and information industries for over 35 years, the SIIA CODiE Awards are produced by the Software & Information Industry Association (SIIA), the principal trade association for the software, education, media and digital content industries. Lexis+ was honored as one of 46 winners across the 45 business technology categories, including seven leadership categories recognizing outstanding companies, individuals and teams.
To view the full list of this year’s CODiE Award winners, go to siia.net/codie/business-technology-winners.
For more information on Lexis+ features and pricing, please visit www.lexisnexis.com/en-us/home.page.
About the SIIA CODiE™ Awards
The SIIA CODiE Awards is the only peer-reviewed program to showcase business and education technology’s finest products and services. Since 1986, thousands of products, services and solutions have been recognized for achieving excellence. For more information, visit siia.net/CODiE.
About LexisNexis Legal & Professional
LexisNexis Legal & Professional® provides legal, regulatory, and business information and analytics that help customers increase their productivity, improve decision-making, achieve better outcomes, and advance the rule of law around the world. As a digital pioneer, the company was the first to bring legal and business information online with its Lexis® and Nexis® services. LexisNexis Legal & Professional, which serves customers in more than 150 countries with 10,500 employees worldwide, is part of RELX, a global provider of information-based analytics and decision tools for professional and business customers.
Media Contacts
Dana Greenstein
Director, Corporate Communications
LexisNexis Legal & Professional
212-448-2163
dana.greenstein@lexisnexis.com
Eric Sokolsky
Plat4orm PR
908-288-7201
eric@plat4orm.com
Success for NC Child and Family Improvement Initiative
N.C. Child and Family Improvement Initiative Already Proving Successful
North Carolina, June 14, 2022 – As part of the NC Child and Family Improvement Initiative, launched on May 1, 2022, North Carolina’s six Local Management Entities/Managed Care Organizations (LME/MCOs) have assembled North Carolina child welfare subject matter experts and thought leaders to create a statewide solution to the current pressing challenges of the service delivery system.
Responding to the most significant issues raised by members of the General Assembly, county Departments of Social Services (DSS), providers and families, the NC Child and Family Improvement Initiative will create ease of movement for children who relocate throughout the state to ensure continuity of care without delay or interruption and will alleviate administrative burden on providers who are involved in those inter-county movements.
Immediately following launch of the NC Child and Family Improvement Initiative, the LME/MCOs have quickly developed nine critical objectives for a statewide model that will support seamless access to quality care for children in foster care, regardless of where they live in North Carolina.
- Establish a statewide provider network to ensure access to residential treatment and the other services these youth need.
- Ensure a standardized, seamless process for children moving from one LME/MCO region to another or changing custody to a new DSS.
- Establish rapid access to care by reducing authorization barriers for residential treatment.
- Increase capacity for crisis care across the state.
- Co-locate LME/MCO care managers across North Carolina’s County and regional DSS offices, tailoring the approach to the unique needs of each county DSS.
- Establish a standardized reimbursement rate at 100% of the rate floor for out-of-network community-based providers.
- Adopt standardized child-specific In Lieu Of Services across all LME/MCOs.
- Develop a standardized, statewide referral system for all residential and Therapeutic Foster Care providers.
- Standardize case escalation frameworks in collaboration with local DSS departments.
“We applaud the rapid collaboration from the state’s LME/MCOs to develop a coordinated statewide strategy so that children and families who are in the foster care system have a seamless experience of quality care,” said Kevin Leonard, Executive Director of the North Carolina Association of County Commissioners (NCACC). “The immediate and significant efforts of the NC Child and Family Improvement Initiative support the NCACC’s request that NCDHHS pause implementation of a statewide CFSP, which would allow time for LME/MCO results to be measured, and also would allow all stakeholders an opportunity to have dialogue that will assist in developing a long-term and sustainable solution to best serve the children in foster care programs across the entire state.”
The LME/MCOs plan to vet these objectives with key representatives from local DSS agencies and service providers over the coming weeks to gather their input and finalize a plan for full implementation. Karen McLeod, president and chief executive officer of Benchmarks, an umbrella non-profit advocacy group for children and family service agencies, praised the development of the NC Child and Family Improvement Initiative saying, “We are really pleased that the LME/MCOs are working collectively to prioritize youth in foster care.” McLeod stated that Benchmarks looks forward to working with the group to vet the objectives, which are designed to improve the administration of services behind the scenes. The commitment of all six LME/MCOs to partner on a shared health care model for youth in foster care “will go a long way toward providing statewide continuity of care for these children,” McLeod added.
John Eller, Director of Social Services for Mecklenburg County Government adds, “Departments of Social Services (DSS) need solutions to the current challenges we are experiencing and more readily available access to services for the children and families in our community will help us with prevention both ‘upstream and downstream.’ Between the NC Child and Family Improvement Initiative, planning being done by NCDHHS, support from the General Assembly, and advocacy from providers, counties and their DSS agencies, we hope all of these efforts coupled with Medicaid Transformation will culminate into a cohesive system reform that complements each component. We applaud the LME/MCOs for engaging DSS stakeholders in the Initiative. We look forward to participating in these discussions and seeing the Initiative’s collective objectives achieved.”
As the NC Child and Family Improvement Initiative workgroups continue their efforts in the coming days and beyond, more details, including dates for delivery of the objectives, will be shared. The immediate improvements resulting from this partnership will be fully functional before the December 2022 launch of the North Carolina Behavioral Health and Intellectual/Developmental Disabilities Tailored Plans.
ABOUT THE NORTH CAROLINA LME/MCOs
North Carolina’s six Local Management Entities/Managed Care Organizations (LME/MCOs) are responsible for managing Medicaid, state and local funding for North Carolinians who are uninsured or who receive Medicaid and seek services for mental health (MH) needs, substance use disorders (SUDs), intellectual/ developmental disabilities (IDD), and traumatic brain injuries (TBI).
The LME/MCOs are the cornerstone of North Carolina’s public MH/SUD/IDD/TBI managed care system designed to improve quality and timely access to care for individuals and families.Established by the General Assembly in 2011, the LME/MCOs are built on a 50-year legacy of county area programs with deep local, community roots. The LME/MCOs ensure access to high quality provider networks, strong community collaboration to support robust System of Care, and budget predictability through the efficient and effective use of public funds and resources.
North Carolina’s LME/MCOs include:
Alliance Health
Eastpointe
Partners Health Management
Sandhills Center
Trillium Health Resources
Vaya Health
Contact Information
Name: Rachel Porter
Email: rporter@partnersbhm.org
Job Title: Partners Chief Administrative Officer
What Is A Brokerage? Investing Definitions
They may also cross-sell different monetary products and services their brokerage firm presents, similar to entry to a personal consumer providing that gives tailor-made options to high web price purchasers. In the previous, only the wealthy could afford a broker and access the stock market. Online brokering triggered an explosion of low cost brokers, which allow traders to commerce at a lower cost, but with out customized recommendation. Brokerage companies exist to assist their shoppers match two sides for a trade, bringing together consumers and sellers at the best value potential for each and extracting a fee for their service. Full-service brokerages offer further companies, together with advice and research on a wide range of financial products.
Full-service brokers offer a wide selection of services, together with market analysis, investment recommendation, and retirement planning, on top of a full vary of funding products. For that, traders can anticipate to pay greater commissions for their trades. Brokers receive brokerage as a service compensation from the brokerage firm based on their buying and selling volume as well as for the sale of investment merchandise. An rising number of brokers provide fee-based investment products, similar to managed funding accounts.
Adam obtained his master’s in economics from The New School for Social Research and his Ph.D. from the University of Wisconsin-Madison in sociology. He is a CFA charterholder in addition to holding FINRA Series 7, 55 & sixty three licenses. He currently researches and teaches financial sociology and the social studies of finance on the Hebrew University in Jerusalem. As an investor, the choice between a full-service or low cost broker is an important one. Customs brokers work instantly with importers and exporters to ensure that the motion of products meets federal regulatory requirements. A customs dealer also supplies information to importers and exporters, so they can perceive what the necessities are and what clearances are required.
Financial Product (instrument)
An investor attempting to sell an funding could have difficulty discovering a purchaser. A couple causes embody the dearth of communication with other buyers and the volume trading on a market exchange. Brokerage firms connect patrons and sellers to make it simpler to place monetary transactions.
A typical stockbroker could make a salary and a commission on trades managed and has a median salary of round $74,000. Full-service brokerages supply a broad range of providers, including funding banking, research, and buying and selling. They charge greater commissions than discount brokerages however might provide priceless advice and a greater stage of customer support. For regular stock orders, full-service brokers may charge as much as $10 to $20 per commerce. However, many are switching to a wrap-fee enterprise model in which all services, together with inventory trades, are lined by an all-inclusive annual charge.
How Does A Brokerage Agency Make Money?
In truth, most states require real estate brokers to have a few years of expertise as licensed real property brokers before they can move their real property broker licensing exam. Sometimes confused with real property brokers, actual property brokers are agents who’ve had expertise in actual estate and have handed a broker licensing examination. Having a broker license permits real property brokers to run a firm and have agents work beneath them and help in promoting and buying properties. Business brokers have comparable duties as M&A managers and investment bankers, although.
So, the charges on a portfolio of £200,000 would value around £2,000 to £4,000 yearly. Becoming a dealer requires no much less than a high-school diploma or GED, although certain industries choose candidates with bachelor’s levels. A degree in finance can be helpful because it offers a basis for the talents needed to learn financial documents and facilitate transactions. Mortgage brokers assist hopeful homebuyers with discovering mortgage loans from various lenders to allow them to select one of the best rates and terms. Additionally, mortgage brokers act as an middleman between lenders and debtors, organizing and gathering paperwork from borrowers and ensuring its relayed precisely to the lender.
Insurance Dealer
A real estate dealer receives a sure percentage commission of the real estate transaction. Brokers could be full-service, which implies they would offer their purchasers with execution and advisory services, yet cost larger commission charges. Discount brokers would sometimes charge much less, however won’t present recommendation, or present it at an additional price. IRC §1202 excludes achieve on the sale of inventory in a certified small business (QSB). However, beneath IRC §1202(e)(3)(A), a trade or enterprise that performs brokerage services can’t be a QSB.
Ariel Courage is an experienced editor, researcher, and former fact-checker. She has carried out editing and fact-checking work for several leading finance publications, including The Motley Fool and Passport to Wall Street. The same names pop up for cell brokerage apps, together with newer rivals corresponding to Robinhood and Acorns.
Brokers are professionals who purchase and promote monetary instruments on behalf of their clients. Prime brokers typically declare charges, or spreads, on their financing of the long and short positions of their clients’ investments, as properly as from charging for clearing and other services. Traditionally, brokers communicated with purchasers through a telephone or head to head, and provided personalised funding strategies and recommendation. They charged high commissions and were exclusive to high net-worth people. The broker’s function within the financial system is as a facilitator for buyers and sellers, creating effectivity and liquidity within the markets. The benefits of utilizing a brokerage embody getting access to research, evaluation, and instruments that may help make informed funding decisions.
- Brokers are the facilitators of liquidity within the financial system, and key gamers in the markets.
- However, beneath IRC §1202(e)(3)(A), a trade or business that performs brokerage services can’t be a QSB.
- The CCA concluded that the company provided brokerage companies for purposes of IRC §1202, despite the very fact that it didn’t present brokerage services for purposes of §199A.
- They are a wise choice for investors who’re comfortable making their own funding choices.
- They earn cash by charging commissions on the transactions they execute for their purchasers.
The online dealer who presents free inventory trades receives fees for different providers, plus fees from the exchanges. Most discount brokerages now offer their customers zero-commission stock trading. The firms make up for this loss of revenue from other sources, including funds from the exchanges for big portions of orders and trading fees for different products like mutual funds and bonds. Prime brokerage is the final name given to a gaggle of companies that brokerage corporations and investment banks present to important or special clients. All the large gamers in brokerage and banking offer these services, together with Goldman Sachs (GS), Morgan Stanley (MS) and Credit Suisse (CS). Usually low cost brokers ask for a small fee on each sale and purchase and a few ask for annual fees, though that is less frequent.
A dealer facilitates trades between individuals/companies and the exchanges where the dealer is licensed. Depending on the nature of the commerce and marketplace, a broker can either be a human being who is processing the commerce themselves or a pc program that is solely monitored by a human. Typically, stock trades are computerized whereas one thing like actual property requires a more personal contact. A broker is an individual or agency that acts as an middleman between an investor and a securities exchange. Because securities exchanges solely settle for orders from people or companies who are members of that trade, particular person merchants and traders need the companies of change members.
In addition, the arrival of online trading has made it possible for traders to commerce immediately with one another without going by way of a dealer. Brokerage firms are usually subject to rules primarily based on the sort of brokerage and jurisdictions in which they operate. Securities and Exchange Commission and the Financial Industry Regulatory Authority (FINRA), which regulate stockbrokers in the United States.
The quantity you pay a broker is decided by the extent of service you receive, how personalized the services are, and whether they involve direct contact with human beings quite than laptop algorithms. The value of shares and ETFs bought by way of a share dealing account can fall in addition to rise, which may imply getting back less than you initially put in. Asset courses are groups of financial belongings, such as shares or bonds, which have been…
Investopedia regularly evaluations all the high brokers and maintains an inventory of the most effective online brokers and trading platforms to help buyers make the decision of what broker is best for them. People who use full-service brokers need the advice and a focus of an skilled to guide their financial affairs. These are normally complex, as these shoppers are usually https://www.xcritical.com/ high-net-worth individuals with complicated monetary affairs. They are prepared and in a position to pay a mean of 1% to 3% of their property per yr for the service. To conclude, funding brokers are professionals who purchase and promote monetary devices on behalf of their purchasers. They may be classified as stock brokers, commodity brokers, forex brokers, and others, depending on the instrument they supply.
MICHELIN Guide Reveals Inaugural Florida Selection
- 15 restaurants in Miami, Orlando and Tampa earn MICHELIN Stars, including L’Atelier de JoËl Robuchon Miami with two MICHELIN Stars
- Selection also highlights 29 Bib Gourmands, plus two special awards
- 118 restaurants, 35 different cuisine types in the selection
ORLANDO, Fla., June 9, 2022 — The inaugural edition of the MICHELIN Guide Miami, Orlando and Tampa has been revealed, with inspectors finding 14 One-MICHELIN-Star restaurants and a Two-MICHELIN-Star restaurant.
“As you can see, Miami, Orlando and Tampa have very much to offer to international food and wine enthusiasts,” said Gwendal Poullennec, International Director of the MICHELIN Guides. “These talented chefs and their committed teams create culinary experiences matched only by the amazing attractions of each city. This very first selection of the MICHELIN Guide in Florida highlights glittery Miami, storied Orlando and breathtaking Tampa, offering a unique blend of international cuisine and Florida flavors. Local foodies as well as travelers will enjoy exploring these mesmerizing and rich Florida culinary destinations.”
L’Atelier de Joël Robuchon Miami, led by Director of Culinary Operations Alain Verzeroli, received two MICHELIN Stars. Here’s what the inspectors had to say about it:
L’Atelier de JoËl Robuchon Miami (French cuisine)
The menu offers both tasting portions and large plates; but go with the seasonal prix fixe. The bread basket is a lovely opener, arriving in advance of such thrilling bites as a seared sea scallop with toasted spices. The Design District setting bears all the beloved hallmarks with its counter and open kitchen.
Here are the One MICHELIN Star restaurants, with inspector notes from each (inspector comments in full on the MICHELIN Guide website and mobile app):
Ariete (Miami, Contemporary cuisine)
Chef Michael Beltran’s Coconut Grove mainstay is immediately welcoming with a menu that weaves together Cuban and French influences to dazzling effect.
Boia De (Miami, Contemporary cuisine)
A neon-pink exclamation mark that glows above the front door is impossible to miss. Surprising is certainly an apt descriptor for Chefs Luciana Giangrandi and Alex Meyer’s distinctive and impressive menu.
Cote Miami (Miami, Korean cuisine/steakhouse)
Owner Simon Kim and his team know what they’re doing in this highly stylized Korean steakhouse, which almost feels like a temple to beautifully marbled and aged beef, much of it on display in a nearby room.
The Den at Sushi Azabu Miami (Miami Beach, Japanese cuisine/sushi)
Tucked away in the Stanton South Beach hotel through Sushi Azabu’s dining room and behind a sliding door is this intimate temple to sushi. Fish flown in a few times a week is treated and dressed minimally, often with just a single brush of nikiri.
Elcielo Miami (Miami, Colombian cuisine)
The menu offers diners a taste of traditional Colombian cuisine presented in a modern and dramatic manner. Colombian-born Chef Juan Manuel Barrientos’ culinary artistry has garnered international fame, with various locations, including Washington, D.C.
Hiden (Miami, Japanese cuisine)
This spot is indeed hidden in the thick of bustling Wynwood. Chef Shingo Akikuni sticks to tradition, sourcing most of his product from Japan — beautiful slabs of tuna, sweet botan ebi and generous portions of uni are highlights in a tasting menu that never feels stuffy or overly reverent.
Le Jardinier Miami (Miami, French cuisine)
Stylish from head to toe, this dining room is a celebration of the seasons. The menu is a study of vibrant tastes and smart compositions that pack big flavor minus the heaviness.
Los FËlix (Miami, Mexican cuisine)
This is cooking that sends guests on a gustatory trip — at the hands of servers who are armed with ample information about the provenance of each ingredient. Recent highlights have included hearty pork cheek carnitas with myriad salsas and snapper crudo topped with shavings of jicama and avocado aïoli.
Stubborn Seed (Miami Beach, Contemporary cuisine)
Stubborn Seed is sexy and sleek with its industrial chic décor and glass-fronted display kitchen. Chef Jeremy Ford brings the heat, and his ambitious and brashly creative cooking is best enjoyed by way of the tasting menu.
The Surf Club Restaurant (Surfside, American cuisine)
Located within the elegantly restored landmark, now in league with the Four Seasons, The Surf Club is a prime location for Thomas Keller’s first Florida venture. Sauces are what this team does best, starting with the scallop crudo with buttermilk-basil dressing; followed by the brilliantly reimagined Maine lobster thermidor with sauce Américaine.
Capa (Orlando, Steakhouse)
At the Four Seasons Resort Orlando at Walt Disney World; this steakhouse also flaunts a decidedly Spanish accent. Kick things off with ace tapas before indulging in a main dish, like flame-kissed ribeye with tamarind-ancho sauce.
Soseki (Orlando, Fusion/sushi)
This tiny operation with Chef Mike Collantes at the helm is an ideal illustration of a contemporary meal expressed by way of an omakase. A laser-like focus on local Florida produce results in a menu that changes monthly.
Kadence (Orlando, Japanese cuisine/sushi)
The omakase opens with hot dishes and cool sashimi. This is food that’s free-spirited, yet manages to honor the classic methods. Pacing is on point in sashimi like hamachi and hirame. Nigiri, like snapper with lemon and sea salt, will have you yearning for more.
Knife & Spoon (Orlando, Steakhouse)
This iteration from Chef John Tesar inside the Ritz-Carlton Orlando, Grande Lakes, is the picture of plush. Care and skill are the hallmarks of this team, as they turn out contemporary steakhouse fare woven with seafood.
Bib Gourmands
The MICHELIN Guide inspectors found 29 restaurants worthy of the Bib Gourmand designation, which recognizes great food at a great value. These are restaurants where one can have two courses and a glass of wine or dessert for under $49. There were 19 in the Miami area, seven in the Orlando area and three in the Tampa area.
Special Awards
In addition to the highly anticipated Bib Gourmand and Star awards, the Guide announced two special awards. Sommelier of the Year, presented by Wine Access, was awarded to Victoria James and her team at Cote Miami. The Exceptional Cocktails Award was awarded to Ruben Rolon and his teams at L’Atelier de JoËl Robuchon Miami and Le Jardinier Miami.
The MICHELIN Guide Star Revelation event is presented with the support of Capital One.
The 2022 Miami, Orlando and Tampa restaurant selection will join the MICHELIN Guide selection of hotels, which features the most unique and exciting places to stay in Florida and around the world. Visit the MICHELIN Guide website, or download the free app for iOS and Android, to book unforgettable hotels and make restaurant reservations through partners OpenTable, Resy and SevenRooms.
About Michelin North America, Inc.
Michelin, the leading mobility company, is working with tires, around tires and beyond tires to enable Motion for Life. Dedicated to enhancing its clients’ mobility and sustainability, Michelin designs and distributes the most suitable tires, services and solutions for its customers’ needs. Michelin provides digital services, maps and guides to help enrich trips and travels and make them unique experiences. Bringing its expertise to new markets, the company is investing in high-technology materials, 3D printing and hydrogen, to serve a wide variety of industries — from aerospace to biotech. Headquartered in Greenville, South Carolina, Michelin North America has approximately 22,500 employees and operates 34 production facilities in the United States and Canada. (michelinman.com)
About Capital One
At Capital One we’re on a mission for our customers – bringing them best-in-class products, rewards, service, and experiences. Capital One is a diversified bank that offers products and services to individuals, small businesses and commercial clients. We use technology, innovation, and interaction to provide consumers with products and services to meet their needs. Through Capital One Dining and Capital One Entertainment, we provide our rewards cardholders with access to unforgettable experiences in the areas they’re passionate about, including dining, music and sports. Learn more at capitalone.com/dining and capitalone.com/entertainment.
For more information, contact:
Andrew Festa
Michelin North America
andrew.festa@michelin.com
Devon Gunn
Capital One
devon.gunn@capitalone.com
Phone: 571-308-4762
Illinois Foundation Seeds, Inc. Acquires Charter Seed Co.
Tolono, IL (June 1, 2022)
Illinois Foundation Seeds, Inc. (IFSI) continues to grow.
IFSI announced today the acquisition of Charter Seed Co., a vegetable seed production and vegetable seed sales company based in Nampa, ID.
The purchase of Charter Seed Co. provides Illinois Foundation Seeds, Inc. with a talented and experienced vegetable seed production team renowned for high-quality seed and exceptional customer service.
“We are pleased to add the Charter Seed operations and employees to our team,” says Clinton Naugle, CEO of Illinois Foundation Seeds, Inc. “IFSI and Charter Seed have developed a strong working relationship over the past decade, sharing similar values and a commitment to provide an exceptional client experience. IFSI is dedicated to servicing the seed industry through our advancements in vegetable seed research, licensing world-class dent corn genetics, seed production and distribution services. The addition of Charter Seed enhances our ability to bring quality vegetable seeds to the market.”
Illinois Foundation Seeds, Inc. will integrate the Charter Seed Co. team into daily operations and retain Charter Seed Co.’s Nampa and Melba, ID warehouse and office locations.
“We are excited for this opportunity to expand our vertical integration and product offering in vegetable seed,” continues Naugle. “This acquisition allows us to build on a commitment to both our clients and our employees, that IFSI will be intent on providing a high-quality product while protecting the client experience from order to delivery.”
Gene Hayes, owner of Charter Seed Co., agrees. “Charter Seed Company has always valued the best quality in our products, great customer service and grower relationships. We’re excited to join IFSI, which shares the same values.”
Headquartered in Tolono, IL, Illinois Foundation Seeds, Inc. is a leading research, product development, licensing and production company established in 1937. For over 85 years, in locations worldwide, the IFSI commitment to development and dedication to exceptional quality has remained the same. The IFSI name means you can count on industry-leading products, research, licensing, and service.
Contact Information
Name: Clinton Naugle
Email: cnaugle@ifsi.com
Job Title: CEO
LexisNexis InterAction’s Hybrid Cloud CRM Platform Celebrates a 150 Percent Increase in Customer Adoption Globally
Firms of all sizes, across jurisdictions are buying into LexisNexis InterAction’s cloud vision as they adapt to a hybrid working environment
LONDON, U.K. / RALEIGH, NC, 7th June 2022 – LexisNexis InterAction, the leading client relationship management (CRM) solution specifically designed for legal and professional services, has demonstrated that adoption of its hybrid cloud platform is gaining significant momentum globally since the pandemic. Firms of all sizes, most notably across countries in Northern Europe, the United States, Chile, South Africa, Australia and India, are investing in the InterAction hybrid cloud solution, driven by the imperative to empower both attorneys and business development strategists to leverage firm-wide relationship intelligence with this business-critical CRM tool in remote and hybrid working environments, triggered by the pandemic. Since January 2021, the solution has seen a 150 percent increase in the number of firms deploying the solution, with individual user numbers growing by 94 percent.
The most common reasons cited by firms for adopting LexisNexis InterAction’s hybrid cloud platform include trust in the reputation of LexisNexis as the gold standard in legal data management, a proven CRM solution for professional services firms, advanced relationship intelligence capability, sophisticated business development-related functionality, and workflow-driven integration with Microsoft Office. The hybrid cloud platform is being adopted, both by current clients and net new customers. Over the last 15 months, 15 new firms with over 3,268 combined users, have chosen InterAction for their relationship intelligence needs.
Magdalena Engel, Communications Manager at Carey, Chile’s largest law firm, explains, “We made the decision to move to the InterAction hybrid cloud application so that the lawyers can easily access InterAction, as they work remotely due to COVID; and for the IT department, to lessen their burden of keeping up with updates and patches. We have relied heavily on the InterAction Professional Services team to lead us on this journey. We have complete trust in the advice they offer, which is always with our best interests in mind.”
Despite the unforeseen disruption caused by the pandemic, InterAction customers have been able to successfully stay connected and collaborative with clients and maintain their focus on meeting expected service levels. This is evidence that InterAction remains the best CRM and business development tool for law firms – regardless of dispersed teams, firm sizes, jurisdictions and regional locations.
The number of users seeing the value and results of the InterAction hybrid cloud solution continues to increase. Many of the larger, multi-regional law firms are incrementally rolling out the hybrid cloud solution, positioning themselves ahead of their competition by harnessing the power of the Strategic Data capability offered by LexisNexis InterAction. This functionality is enabling firms to align their business development strategies and overall objectives, taking a data-driven approach to decision-making in today’s uncertain and still evolving post pandemic environment. With a dispersed workforce, this kind of cloud-based capability is viewed as business critical for commercial insight, business development, pipeline management and ultimately, client satisfaction.
Similarly, many small to mid-sized law firms who have ambitious plans to grow, are attracted to LexisNexis InterAction as they too can take full control over where data is stored, leveraging patented technology to securely access data where and when it is needed.
George Tsivin, General Manager, LexisNexis Legal Business Solutions, says, “Firms of all sizes and across all jurisdictions are buying into our modern, data-driven approach to CRM and business development, alongside our cloud vision for the InterAction platform. Our hybrid cloud InterAction solution has been designed to allow firms to adopt cloud capability, based on their business requirements and individual appetite for the technology. We don’t believe in an ‘all or nothing’ approach to the cloud. Rather than expecting customers to adapt their way of working to fit the application, our solution flexibly accommodates clients’ priorities. Clearly, our approach to cloud is resonating with the market.”
LexisNexis InterAction Hybrid Cloud combines the benefits of SaaS whilst offering customers full control over where their data is stored. Firms can select to store data on-premises behind a firewall, in a private cloud, or in a public cloud environment. LexisNexis’ patented methodology means that data is never stored at rest in the LexisNexis InterAction cloud. Powerful client relationship data is delivered when and where it is needed most, so firms can offer improved client service and a strong pipeline for new business opportunities. Designed with the way firms work in mind, the solution embeds vital client data into existing workflows, streamlining processes and improving user adoption and data quality across the entire firm. Private and secure mobile access to data and insights allows seamless access to the existing InterAction ecosystem on users’ chosen device, from anywhere.
About LexisNexis Legal & Professional
LexisNexis Legal & Professional® provides legal, regulatory, and business information and analytics that help customers increase their productivity, improve decision-making, achieve better outcomes, and advance the rule of law around the world. As a digital pioneer, the company was the first to bring legal and business information online with its Lexis® and Nexis® services. LexisNexis Legal & Professional, which serves customers in more than 150 countries with 10,500 employees worldwide, is part of RELX, a global provider of information-based analytics and decision tools for professional and business customers.
About LexisNexis® InterAction
LexisNexis® InterAction® is the leading client relationship platform for law and professional services firms. For almost three decades, InterAction has helped firms of all sizes drive business relationships, accelerate firm growth, and increase revenue by embedding client intelligence at the heart of every engagement. We aim to be a partner that helps you grow your book of business through an innovative portfolio that enables you to uncover value in your contacts while improving your ability to deliver meaningful relationship experiences. Discover more at interaction.com.
Media Contact
Vidushi Patel
TagusPR
P: +44 7958474632
E: vidushi@taguspr.co.uk
Nicole Merson
Product Marketing Manager, LexisNexis Legal Business Solutions
E: nicole.merson@lexisnexis.com