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Law Firm Partnership & Benefits Report
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Articles from Related Newsletters
Ex-Heller Employees Sue Former Partners
Employment Law Strategist
Former employees of Heller Ehrman sued at least 179 former partners in April, demanding they fork over $32 million for the largest group of creditors in the defunct firm’s bankruptcy. This article discusses the suit.

Career Journal: Reinventing the Interview
Marketing the Law Firm
Despite their interviewing success historically, candidates for legal marketing positions are more likely to be facing a higher level of scrutiny on multiple fronts that could easily trip up an otherwise strong interviewer’s performance.

Cash Management: Know What You Need, Get It, and Put It to Work
Accounting and Financial Planning for Law Firms
The cash-flow statement is the single most important tool for the success of any business. Most lawyers, and even many large law firms, begin to realize that they are in trouble only after the money ceases to come in the door. However, cash flow cessation is usually the last symptom of a downward spiral that started long before.

Virgin Advantage from a New, Near-Shore Corporate Frontier
e-Commerce Law & Strategy
With bona fides now suitably established, is it possible to actively leverage the USVI’s fiber and bandwidth assets to deliver greater competitive and stakeholder advantage to the enterprise? Yes it is; an economic development program chartered in law by the USVI government may be of particular interest to e-commerce and other knowledge-based businesses.

Top Stories
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Headlines
Let the Hirer Beware
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
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
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
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.

Ex-Heller Employees Sue Former Partners
Former employees of Heller Ehrman sued at least 179 former partners in April, demanding they fork over $32 million for the largest group of creditors in the defunct firm’s bankruptcy.

July Issue in PDF Format