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Time to Reflect and Plan
Management teams in law firms have a big job ahead. Namely, staying ahead of the competition, providing value added to clients, identifying team leaders and providing appropriate training for those leaders, assessing current service offerings and building differentiation into those offerings. In sum, there is a lot on management teams' plates, to say the least.
The time has never been better than now to take in the external environment ' competitors, clients, potential candidates ' and assess the firm from those perspectives. In fact, to do so is a necessary part of staying in the game. Whether you've been spending capital to build infrastructure (in which case per partner profits may appear low, but the potential is very high for progress) or you've been stashing capital and per partner profits are high (which, in a competitive market, means you are liquid and there is little risk on the individual partners, but it also means not as much money has been shifted in the direction of R&D), it's time to plan three years out, identify specific opportunities and most importantly, communicate the vision outward and downward to everyone in the firm. Everyone has to know they are part of the firm's future success. And, in short, your firm's clients expect your entire firm to revolve around them.
The DOJ's Corporate Enforcement Policy: One Year Later
The DOJ's Criminal Division issued three declinations since the issuance of the revised CEP a year ago. Review of these cases gives insight into DOJ's implementation of the new policy in practice.
The DOJ's New Parameters for Evaluating Corporate Compliance Programs
The parameters set forth in the DOJ's memorandum have implications not only for the government's evaluation of compliance programs in the context of criminal charging decisions, but also for how defense counsel structure their conference-room advocacy seeking declinations or lesser sanctions in both criminal and civil investigations.
Use of Deferred Prosecution Agreements In White Collar Investigations
This article discusses the practical and policy reasons for the use of DPAs and NPAs in white-collar criminal investigations, and considers the NDAA's new reporting provision and its relationship with other efforts to enhance transparency in DOJ decision-making.
A Lawyer's System for Active Reading
Active reading comprises many daily tasks lawyers engage in, including highlighting, annotating, note taking, comparing and searching texts. It demands more than flipping or turning pages.
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.