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Professional Development: How to Be An Ally In the Legal Profession
Last year law firms sent out announcements about their commitment to Diversity, Equity, and Inclusion (DEI) efforts in response to racial tensions. Approximately 50% of respondents in a recent survey conducted by Legal Talent Advisors, LLC reported their firms' commitment to DEI stayed the same, while 42.5% reported more effort was made in 2020. One of the initiatives firms stated they implemented is a formal allyship program. However, allyship in not a program or a mindset. It is a verb.
What Is Allyship
Allyship is when a person takes concrete steps that positively impact underrepresented individuals; racially and ethnically diverse, differently abled, women and LGBTQ+ attorneys in the work environment. "Just as start-up companies need capital to build and grow, underrepresented groups need access to political capital to effect real change in an organization," explains Joy Heath Rush, CEO, ILTA (International Legal Technology Association). Like in business, allyship should be used in a strategic fashion to achieve improvements in firm policies and practices — the written ones and the unwritten ones. All firm leaders should be allies, as well as anyone in a firm who can use their influence to initiate change.
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Bankruptcy Sales: Finding a Diamond In the Rough
There is no efficient market for the sale of bankruptcy assets. Inefficient markets yield a transactional drag, potentially dampening the ability of debtors and trustees to maximize value for creditors. This article identifies ways in which investors may more easily discover bankruptcy asset sales.
Judge Rules Shaquille O'Neal Will Face Securities Lawsuit for Promotion, Sale of NFTs
A federal district court in Miami, FL, has ruled that former National Basketball Association star Shaquille O'Neal will have to face a lawsuit over his promotion of unregistered securities in the form of cryptocurrency tokens and that he was a "seller" of these unregistered securities.
Blockchain Domains: New Developments for Brand Owners
Blockchain domain names offer decentralized alternatives to traditional DNS-based domain names, promising enhanced security, privacy and censorship resistance. However, these benefits come with significant challenges, particularly for brand owners seeking to protect their trademarks in these new digital spaces.
Why So Many Great Lawyers Stink at Business Development and What Law Firms Are Doing About It
Why is it that those who are best skilled at advocating for others are ill-equipped at advocating for their own skills and what to do about it?
Coverage Issues Stemming from Dry Cleaner Contamination Suits
In recent years, there has been a growing number of dry cleaners claiming to be "organic," "green," or "eco-friendly." While that may be true with respect to some, many dry cleaners continue to use a cleaning method involving the use of a solvent called perchloroethylene, commonly known as perc. And, there seems to be an increasing number of lawsuits stemming from environmental problems associated with historic dry cleaning operations utilizing this chemical.