Commercial Law World - Issue 4, 2017 - 4

From the Editorʼs Desk

I

remember as a kid the Sears catalog. We waited
for it every Christmas. When it came my mother
would say: "now circle what you want for Christmas."
She would then order it from Sears. Sears became the
largest retailer in America because of this catalog. Just
imagine if Sears had taken its catalog and put it on
the Internet in 1995. It had the resources, the history,
the background and the support to do so. Instead, the
leadership at Sears stayed the course, and Sears is now
owned by Kmart and its sales continue to decline year
after year. The position Sears could have taken is now
owned by Amazon.
Amazon was not around until 1994. Until 2013
or 2014 Amazon did not make a profit even though
its annual revenue soared. But with revenue soaring
by 2015, a small profit meant millions of dollars
for investors. Brick and mortar companies such as
Sears and even Walmart had no way to catch up with
the efforts of Amazon over the years. As a result,
the revenues at Sears and other retailers declined
dramatically. With no revenues to support growth, the
brick and mortar companies have failed in the face
of this business challenge. These brick and mortar
companies failed even though they had over 20 years
to address the threat posed by Amazon.
Being comfortable in business leads to stagnation
and stagnation can lead to death. Just look at the

extensive bankruptcy filings by many of the largest
retailers in our country over the last few years. Wanda
Borges' article in this edition is a great example of the
reasons to address change. These companies refused to
see the threat caused by online retailing and now they
are facing their imminent demise.
Like Sears founded in 1886, the Commercial Law
League of America ("CLLA") has a history dating
back to the turn of the 19th century. Like Sears, the
CLLA must change or it will die. The Commercial
Law League of America is an ever-changing and
expanding organization. An organization over 100
years old must look to the future. I always say change
or die. Change for anyone is a scary thing, it tends
to take a person out of their comfort zone. Yet being
comfortable in business leads to stagnation and
stagnation can lead to death. The CLLA has the
history, the resources and the ability to be an industry
leader moving well into the 21st century. But change is
required both in the focus of the League and the types
of law handled by League members. The League must
add attorneys in other practice areas to ensure growth.
This edition focuses on a few of the alternative practice
areas available to all League members. It also suggests
areas of law and organizations ripe for solicitation of
new League members.

Thanks,

Ted Hamilton
EDITOR IN CHIEF

Attorney, Wetherington Hamilton - www.whhlaw.com

4

COMMERCIAL LAW WORLD

OCT /NOV /DEC 2017


http://www.whhlaw.com

Table of Contents for the Digital Edition of Commercial Law World - Issue 4, 2017

Contents
Commercial Law World - Issue 4, 2017 - Cover1
Commercial Law World - Issue 4, 2017 - Cover2
Commercial Law World - Issue 4, 2017 - Contents
Commercial Law World - Issue 4, 2017 - 2
Commercial Law World - Issue 4, 2017 - 3
Commercial Law World - Issue 4, 2017 - 4
Commercial Law World - Issue 4, 2017 - 5
Commercial Law World - Issue 4, 2017 - 6
Commercial Law World - Issue 4, 2017 - 7
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Commercial Law World - Issue 4, 2017 - 9
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Commercial Law World - Issue 4, 2017 - 21
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Commercial Law World - Issue 4, 2017 - 28
Commercial Law World - Issue 4, 2017 - Cover3
Commercial Law World - Issue 4, 2017 - Cover4
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