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Inventus is a leading global discovery management practice, focused on reducing litigation costs through a suite of bundled, best-of-breed technologies.

Eric Schultenover

Eric Schultenover
Eric Schultenover is an Executive Director at Legility and co-leads Legility’s Enterprise Legal Solutions Division, which offers multiple integrated services that allow corporate legal departments and their outside counsel to create consistent legal-driven processes and automate and track legal activities across the enterprise. Prior to joining Legility, Schultenover was a partner at Waller Lansden Dortch & Davis LLP, practicing in the area of corporate restructuring and primarily representing secured and unsecured creditors, trade vendors and customers of debtor companies. He also has extensive experience in the automotive and health care industries, among others, both domestically and internationally. Schultenover holds a Juris Doctorate degree from Washington University School of Law. He is an active member of the Nashville and Tennessee Bar Associations and on the board of directors for the Nashville Civic Design Center and the Mid-South Commercial Law Institute.
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Recent Posts

LIBOR Changes: A Quick SOFR Turnaround For Financial Institutions

Posted 03/3/20 1:00 PM by Eric Schultenover

LIBOR -- the longstanding benchmark interest rate at which banks loan each other money -- is transitioning out. A new standard -- in most cases, the Secured Overnight Financing Rate (SOFR) -- will be in place in 2021.

Banks of all sizes must assess their contracts that contain LIBOR provisions and fallbacks, and address that exposure with new language and conduct communications and negotiations with clients regarding SOFR. The timeline is now tight, so we thought we’d lay out how many of our financial institution clients are tackling the challenge head on.

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