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Law Firm Partnership & Benefits Report

Volume 15 - Number 7 | July 1, 2009

July Issue in PDF Format


Let the Hirer Beware
By Brant Weidner
With so many lawyers up for grabs these days, firms have enticing opportunities to bring aboard top talent, sometimes at bargain prices. But let the hirer beware. Lateral hiring isn’t without risk, and more lateral hiring means more exposure to claims alleging malpractice and other failings.

Best Practices in Client Relationship Skills
By Sharon Meit Abrahams
There are key activities that lawyers can engage in to promote the health of existing client interactions. All of these activities can be categorized into one of three stages: 1) establishing the relationship; 2) building the relationship; and 3) proliferating the relationship.

Advance Conflict Waivers
By Richard M. Zielinski
An advance conflict waiver is an agreement, given by your client, to a potential future representation by your law firm that would otherwise be precluded because of a conflict of interest. Law firms increasingly include such waivers in their standard form engagement letters. Here's what you need to know.

Partial Plan Terminations
By Marcia S. Wagner
Management teams should be aware that reductions in workforce ("RIFs"), while seemingly cost-cutting in nature, can actually yield the opposite result, and can cause unintended and costly consequences with respect to a firm’s tax-qualified employee benefit plan.