Update Discovery’s Drew Titus and Larry Samilow Discuss How CFOs Can Budget and Manage Litigation Costs in CFO Studio Interview with Andrew Zezas

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Update Discovery’s Drew Titus and Larry Samilow Discuss How CFOs Can Budget and Manage Litigation Costs in CFO Studio Interview with Andrew Zezas

Legal Experts Discuss Cost Containment

(Somerset, New Jersey): Andrew Zezas, SIOR, the host of CFO Studio and CEO of Real Estate Strategies Corporation, announced today that Drew Titus, Chief Operating Officer, and Larry Samilow, National Sales Director of Update Discovery…….Update Legal, appeared as guests in an interview on CFO Studio. The two experts discussed how CFOs can budget and manage litigation costs. The 10 minute video interview and a full transcript are both available at www.CFOstudio.com.

In the guest interview, Drew Titus stated “As a country, we are sending six trillion emails each year. Most of those emails trickle down into litigation”.  He added “Email has become the new frontier for litigation!” Larry Samilow added “CFOs have an elevated position in terms of responsibility and authority, and CFOs are looking at litigation costs.” Andrew Zezas was quoted as saying “Litigation is obviously an important financial issue and one that is best addressed when finance collaborates with legal, management, and external service providers.” He added “Update Discovery appears to have a solid handle on litigation cost containment. We’re extremely pleased that Mr. Titus and Mr. Samilow elected to appear as guests on CFO Studio!”

 

About Update Discovery
Update Discovery’s philosophy is one of the key elements that set it apart from the myriad of other vendors in the marketplace. At the heart of their philosophy is their belief that the Electronic Discovery Reference Model (EDRM), the current accepted roadmap for discovery, is flawed. As the model is currently applied, it leads to inefficiency, lack of accountability and increased costs. While initially serving as a good foundation for describing the various aspects of the discovery management process, the model has not kept pace with rapid technological, legal and practical developments.

Update Discovery’s answer is to take a holistic approach to the EDRM and discovery management. This approach results in having one discovery strategy integrating all disciplines of the EDRM. Update Discovery does not believe that their clients are best served by having separate strategies for collection, processing, hosting and review, an approach that is common in the marketplace.  At Update Discovery, they view themselves as a key stakeholder in the discovery process. They believe in a collaborative approach where they work with the client and their law firm to eliminate finger-pointing, communication inefficiencies and cost overruns. This approach creates accountability, efficiency and transparency amongst all key stakeholders.

 

About CFO Studio
CFO Studio spotlights New Jersey area senior finance executives, providing them with the opportunity to share their knowledge and communicate their perspectives on current economic, financial, operational, and business issues. Visit www.CFOstudio.com.

Funding for CFO Studio is provided by Real Estate Strategies Corporation, providing corporate real estate advisory and transaction services to CFOs, Management, and corporate Boards in New Jersey and around the United States. Andrew Zezas, CEO of Real Estate Strategies Corporation, is the host and moderator of CFO Studio.

Join us every Saturday morning at 10:30 AM EST to watch a new CFO Studio Video Interview!

www.CFOstudio.com
www.RealStrat.com

www.TheCFOsGuide.com

 

Copyright Real Estate Strategies Corporation 2011. All Rights Reserved.

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Attorney, Chris Santomassimo, Appears on CFO Studio

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Attorney, Chris Santomassimo, Appears on CFO Studio
General Counsel Discusses Risk and Mid-Cap Companies

(Somerset, New Jersey): Andrew Zezas, SIOR, the host of CFO Studio and CEO of Real Estate Strategies Corporation,  announced today that general counsel, Chris Santomassimo, recently appeared in a guest interview on CFO Studio.  Mr. Santomassimo, a partner at the NJ law firm of Nicoll Davis & Spinella, and General Counsel for Agfa Corporation, was interviewed by the show’s host, Andrew Zezas, and discussed the special risks encountered by mid-cap U.S. companies.  The 10 minute video interview and a full transcript are both available at www.CFOstudio.com.

“At mid-cap companies, the responsibility for dealing with legal issues and legal risk rests with the CFO. Many CFOs, seeking to minimize hourly legal fees, too often engage outside legal counsel much later than they should to protect their companies” said Chris Santomassimo.  He added “this results in a crisis-only approach to managing legal risk, and leaves many companies open to substantial exposure!”  Andrew Zezas was quoted as saying “Chris Santomassimo’s background as both a corporate general counsel reporting to a CFO and a partner at a business law firm uniquely positions him to understand and serve the needs of mid-cap companies.  We are very pleased Mr. Santomassimo was kind enough to appear on CFO Studio.”  

About CFO Studio
CFO Studio spotlights New Jersey area senior finance executives, providing them with the opportunity to share their knowledge and communicate their perspectives on current economic, financial, operational, and business issues. Visit www.CFOstudio.com. Funding for CFO Studio is provided by Real Estate Strategies Corporation, providing corporate real estate advisory and transaction services to CFOs, Management, and corporate Boards in New Jersey and around the United States. Andrew Zezas, CEO of Real Estate Strategies Corporation, is the host and moderator of CFO Studio. Join us every Saturday morning at 10:30 AM EST to watch a new CFO Studio Video Interview!

www.CFOstudio.com
www.RealStrat.com
www.TheCFOsGuide.com

Copyright Real Estate Strategies Corporation 2011. All Rights Reserved.

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Bert Marchio, CFO, Discusses the Healthcare Reform Act and Its Implications on Business

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Bert Marchio, CFO, Discusses the Healthcare Reform Act and Its Implications on Business
Finance Executive Appears as Guest on CFO Studio Interview with Andrew Zezas

(Somerset, New Jersey): Andrew Zezas, SIOR, the host of CFO Studio and CEO of Real Estate Strategies Corporation, announced today that finance executive, Bert Marchio, appeared as a guest in an interview on CFO Studio.  Mr. Marchio, a long time finance executive at New Jersey area pharmaceutical and biotechnology companies, shared his views on healthcare reform legislation and its expected impact on business. The 10 minute video interview and a full transcript are both available at www.CFOstudio.com.

Mr. Marchio was quoted as saying “Health-care expenditures are now 17% of the gross domestic product and they’re rising. Executives can’t sit back and just tinker around the edges, which is what I think we’ve been doing so far.”  He continued “Companies need to keep healthcare insurance affordable, and need to start treating it as part of base pay, and communicating it that way….that it is really part of the employees’ compensation package.”  Andrew Zezas added “Mr. Marchio’s diverse experiences and knowledge certainly qualify him as a thought-leader on the impact on business of healthcare reform.  We are very pleased that he chose to appear on CFO Studio, joining so many other distinguished finance executives.”

About Bert Marchio Bert Marchio is a finance and strategy executive with over 18 years of experience in the life sciences industry for both public and private equity sponsored companies, including Alpharma, MedPointe, Meda, The Peer Group, and others.

About CFO Studio CFO Studio spotlights New Jersey area senior finance executives, providing them with the opportunity to share their knowledge and communicate their perspectives on current economic, financial, operational, and business issues. Visit www.CFOstudio.com. Funding for CFO Studio is provided by Real Estate Strategies Corporation, providing corporate real estate advisory and transaction services to CFOs, Management, and corporate Boards in New Jersey and around the United States. Andrew Zezas, CEO of Real Estate Strategies Corporation, is the host and moderator of CFO Studio. Join us every Saturday morning at 10:30 AM EST to watch a new CFO Studio Video Interview!

www.CFOstudio.com
www.RealStrat.com
www.TheCFOsGuide.com

Copyright Real Estate Strategies Corporation 2011.  All Rights Reserved.

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