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From Partnership to Personal LiabilityLaw Firm Partnership & Benefits ReportWhen drafting a contract for a client, a lawyer knows to anticipate and address many issues that may arise under the binding agreement. Such attention avoids problems that may result from a breach or termination of the contract. However, in many cases, lawyers do not anticipate or address these concerns in their own agreements.
Law Firm Leadership: Leading in Challenging TimesMarketing the Law FirmTimes of uncertainty and layoffs often lead to negative emotions, a lack of trust in management, and a decrease in productivity. So, what is a CMO or Marketing Director to do in the midst of such chaos? Here are some leadership tactics that will not only help your team survive the crisis, but strengthen it through the process.
What Is the Value of Your Law Firm?Accounting and Financial Planning for Law FirmsThis article summarizes the author's approach to law firm valuation, which has been tested in the contexts of law firm acquisitions and equity buy-outs.
Coming to the States?Business Crimes BulletinThe long arm of U.S. jurisdiction generates a number of worries for counsel advising foreign businesses and executives who may be "of interest" to authorities here. One such worry is the status of foreign nationals entering the United States on business during the course of a criminal or civil investigation.
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Considerations of Examiner Appointments in Bankruptcy ActionsExaminer appointments in Chapter 11 bankruptcy cases are uncommon, and despite Judge Peter J. Walsh’s statement that he had appointed an examiner only two or three times during his career as a bankruptcy judge, he recently ordered the appointment of an examiner in In re DBSI, Inc.
Representing Both Defendant-Employer and Defendant-EmployeeThe last decade has marked a dramatic rise in the number of executives, supervisors and managers who are being sued in their personal capacity for their work-related actions. This rise is largely the result of the expansion of many state discrimination laws to allow for lawsuits against not only the corporate employer, but also individual supervisors.
Developments, Risks and Advanced Structures in the Lease Syndication MarketPart One of this article provided an overview of the three common structures typically used in connection with syndication of equipment finance transactions, as well as addressed UCC issues and syndication of motor vehicle leases. This second installment discusses types of recourse to the seller; allocation of taxes, costs, and expenses; servicing; remarketing and residual support; and securities laws issues.
Is an Insurer Obligated to Defend the Prosecution of Affirmative Claims on Behalf of Its Insured?Insurers are not required to "defend" affirmative claims. But "defense" of affirmative claims may be covered if factually related to and necessary to defense. A look at recent case law.
Boom, Boom, BoomWhile it is helpful to be able to research issues online and communicate with key employees while sitting at the board table, I find that the level of distraction from the board’s deliberations has diminished the value of these meetings, for me and for the company.
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