Call 855-808-4530 or email [email protected] to receive your discount on a new subscription.
Lawyer mobility is at an all-time high. Every week, the New York Law Journal contains announcements of partners and entire practice groups leaving one firm to join another. More and more first-time partners joined their firms as lateral associate hires rather than right out of law school. This phenomenon, which parallels the higher rates of mobility among employees in other sectors of the economy, is relatively recent. Through the 1960s, it was rare for a partner to leave his law firm for another firm in the same geographic area. See Linda Ewald, Agreements Restricting the Practice of Law: A New Look at an Old Paradox, 26 J. of the Legal Prof. 1, 1 at n. 6 (hereinafter 'EWALD').
Individual lawyers command greater market power than at any time before. As law practice has become more specialized and corporate legal departments have taken over some of the basic legal work that used to support law firms, firms are competing for valuable business. Milton Regan, Law Firms, Competition Penalties & The Values of Professionalism, 13 Geo. J. Legal Ethics, 1, 7-9 (Fall 1999). Lawyers (or groups of lawyers) who have a portable book of business can command a larger share of the revenue from their business by going to the highest bidder. Firms also aggressively recruit highly profitable lawyers with promises of enhanced support for the lawyers' practice, including technology, staffing, and marketing. This is on top of the investments that firms make in developing and maintaining strong, long-term client relationships.
ENJOY UNLIMITED ACCESS TO THE SINGLE SOURCE OF OBJECTIVE LEGAL ANALYSIS, PRACTICAL INSIGHTS, AND NEWS IN ENTERTAINMENT LAW.
Already a have an account? Sign In Now Log In Now
For enterprise-wide or corporate acess, please contact Customer Service at [email protected] or 877-256-2473
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.