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Origination Tracking: Findings From The A-W Survey
[Editor's Note: As a counterpoint to the September edition's commentary by Joel A. Rose on tracking of partner contributions, here's a statistics-based line of thought from Jim Cotterman; this article expands on his introduction to Altman-Weil's 2003 Survey of Compensation Systems in Private Law Firms. For a broader statement of Cotterman's philosophy of law-firm compensation, see his article "Is Your Compensation Philosophy Fair and Defensible?" in our February 2004 edition. For an in-depth analysis of the concept of origination and the effects on a law firm of different kinds of origination credits, see Cotterman's article in the September 2004 edition of Altman Weil's Report to Legal Management.]
In Altman-Weil's 2003 Survey of Compensation Systems in Private Law Firms, participant firms were asked to rank a list of 17 compensation-related factors, from most important (1) to least important (17). The survey found that the two most important compensation criteria in law firms remain a lawyer's personal productivity, measured by fees collected as a working lawyer, and his or her ability to bring new clients to the firm ' ie, origination.
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.