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Corporate legal departments faced difficult spending decisions in 2003. A stagnant economy put pressure on departments to decrease spending, while the public's sudden interest in corporate governance kept demand for legal services high. In August, The Corporate Counselor and The Center for Marketing Effectiveness (CeME) conducted the 2003 Legal Services Spending Assessment (LSSA). This annual survey of general counsel is conducted in order to determine what influences company spending on outside counsel. This report reviews the results of this exercise and offers insight into how a changing litigation landscape has impacted spending on outside counsel. Based on proprietary LSSA data, the report observes a dramatic shift in the factors that drive general counsel's selection of outside services and a notable lack of effectiveness in law firms' efforts to brand and promote their services.
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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.
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.
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?
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.
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.