Codes: SALI Service      
             
        Version: LMSS v1.0    
        Date: 2020-01-13
Level 1 Level 2 Level 3 Description Code Full Code  
             
Advisory     Any process that provides advice to a single party without adversarial event. A A  
  Manuals   Development of legal manuals. MAN A-MAN  
  Opinion Memos   A memorandum of law is a written explanation, based on research and analysis, of the drafter's opinion regarding a legal problem. OPM A-OPM  
  Policies   Development of legal policies. POL A-POL  
Financial Restructuring/Bankruptcy     Any process that involves the liquidation or restructuring of a business. The process usually has several parties - debtors, creditors and buyers. B B  
  Out-of-Court Restructuring   An out-of-court restructuring or workout is a nonjudicial process through which a financially troubled company and its significant creditors reach an agreement for adjusting the company's obligations. OOCRSTR B-OOCRSTR  
  US Chapter 11   Chapter 11 bankruptcy is a reorganization bankruptcy, and is available to individuals and businesses. The debtor remains in control of business operations under chapter 11 and doesn’t sell off all of its assets. USCHAP11 B-USCHAP11  
  US Chapter 12   This form of bankruptcy is designed for “family farmers” and “family fisherman” that are under financial distress. Under chapter 12, the person in debt comes up with a plan to pay back creditors over three to five years. USCHAP12 B-USCHAP12  
  US Chapter 13   In chapter 13 bankruptcy, or a “wage earner plan”, an individual that has regular income is allowed to develop a plan to pay back parts, or all, of their debts. One advantage of chapter 13 is it allows individuals to avoid foreclosure on their houses. USCHAP13 B-USCHAP13  
  US Chapter 15   Chapter 15 bankruptcy provides a way of dealing with cases that involve more than one country. The main goal of chapter 15 is to provide cooperation between a foreign debtor, foreign courts and the U.S. bankruptcy courts. USCHAP15 B-USCHAP15  
  US Chapter 7   Chapter 7 bankruptcy, sometimes referred to as liquidation bankruptcy, is the most common type of bankruptcy in the U.S., and the most basic form of bankruptcy. Chapter 7 provides liquidation of an individual’s property and then distributes it to creditors. USCHAP7 B-USCHAP7  
  US Chapter 9   Chapter 9 bankruptcy is a bankruptcy for municipalities – cities, towns, counties and school districts, for example. Municipalities that file chapter 9 earn protection from creditors while they develop a plan for adjusting their debts. USCHAP9 B-USCHAP9  
Dispute     A process that describes a conflict/adversarial event potentially or actually involving a second party. This can include government entity or internal investigation D D  
  Administrative   All or some part of a cause heard and determined by an Administrative Agency or governmental entity. Any legal step or action taken at the direction of, or by the agency or entity. ADM D-ADM  
  Alternative Dispute Resolution   The use of methods such as mediation and arbitration to resolve a dispute instead of litigation. ADR D-ADR  
    Arbitration Arbitration, a form of alternative dispute resolution (ADR), is a way to resolve disputes outside the courts. The dispute will be decided by one or more persons (the "arbitrators", "arbiters" or "arbitral tribunal"), which renders the "arbitration award". ARB D-ADR-ARB  
    Mediation Mediation is a process wherein the parties meet with a mutually selected impartial and neutral person who assists them in the negotiation of their differences. Mediation leaves the decision power totally and strictly with the parties. MED D-ADR-MED  
  Appellate   Any service before a court of law that is empowered to hear an appeal of a trial court or other lower tribunal. APP D-APP  
  Court Proceeding, Civil   A lawsuit; all or some part of a cause heard and determined by a court. Any legal step or action taken at the direction of, or by the authority of a court. CCI D-CCI  
  Court Proceeding, Criminal   A criminal lawsuit; all or some part of a cause heard and determined by a criminal court. Any legal step or action taken at the direction of, or by the authority of a court. CCR D-CCR  
  Investigation   A search or examination with an intention to discover facts and their relationship to law. INV D-INV  
Regulatory (Non Dispute)     Any process that results in filing something with a governmental entity. R R  
  Lobbying/Advocacy   The act of pleading for or arguing in favor of something or actively supporting a cause or proposal; the act of attempting to influence the actions, policies, or decisions of officials in their daily life, most often legislators or members of regulatory agencies. ADV R-ADV  
  Compliance   The process by which an organization ensures that it observes and complies with the external statutory laws and regulations. COM R-COM  
  Enforcement   The process of enforcement by a regulatory agency through an administrative procedure outside of any court system. ENF R-ENF  
  Monitoring   The process of monitoring developments in the law, including judicial decisions, agency opinions, and statutory and regulatory enactments usually for the purpose of establishing up-to-date policies and protocols. MON R-MON  
Transaction     Any process that involves two or more parties in creation of a contract. T T  
  Development   A transaction for the modification or building of something on real property. DEV T-DEV  
  Financing   To be defined. (Needs to cover Debt Financing, Equity Fining. How do we address securities, etc.) FIN T-FIN  
    Debt Financing Debt financing occurs when a firm raises money for working capital or capital expenditures by selling debt instruments to individuals and/or institutional investors. In return for lending the money, the individuals or institutions become creditors and receive a promise that the principal and interest on the debt will be repaid. FINDBT T-FIN-FINDBT  
     Equity Financing Equity financing is the method of raising capital by selling company stock to investors. In return for the investment, the shareholders receive ownership interests in the company. FINEQU T-FIN-FINEQU  
     Loan A transaction whereby property is lent or given to another on condition of return or, where the loan is of money, repayment. In a loan of money, the money lent becomes the property of the borrower during the period of the loan against an undertaking to return a sum of an equivalent amount either on demand or on a specified date or in accordance with an agreed schedule of repayments. LOA T-FIN-LOA  
    Mortgage A transaction in which the owner pledges his/her/its title to real property to a lender as security for a loan described in a promissory note. MOR T-FIN-MOR  
  Formation   Formation of a legal entity such as a company, joint venture, fund, security, etc. FOR T-FOR  
  Lease   A contract by which one party (landlord, or lessor) gives to another (tenant, or lessee) the use and possession of lands, buildings, property, etc. for a specified time and for fixed payments. LEA T-LEA  
  License   A grant of permission by a governmental entity or private agreement. LIC T-LIC  
  Merger and Acquisition   The purchase of one company by another (an acquisition), or the blending of two companies into a new entity (a merger). A merger is a process by which two companies join and one new company continues to exist. MAA T-MAA  
  Purchase and Sale   The purchase or sale of a property, right or entity. PSA T-PSA  
  Securitization   The financial practice of pooling various types of contractual debt such as residential mortgages, commercial mortgages, auto loans or credit card debt obligations (or other non-debt assets which generate receivables) and selling their related cash flows to third party investors as securities, which may be described as bonds, pass-through securities, or collateralized debt obligations (CDOs). SEC T-SEC  
  Separation   Separation or dissolution of a legal entity or legal relationship (such as employment). SEP T-SEP  
  Services   A service agreement is an agreement between two persons or businesses where one agrees to provide a specified service to the other. It can also be an express undertaking of employment signed by both the employer and the employee detailing therein the explicit terms and conditions of service. A service agreement is different from a bond. A service agreement binds both the parties to the agreement, whereas bond is one sided and binds the employee to the agreement only. SVC T-SVC