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What's Hot, What's Not
Major Trends to Watch in 2008 Recruiting. While the largest and very elite firms continue to hire more associates, the size of the classes at most law schools has remained flat. As a result, these firms are increasing the number of schools at which they recruit, including some lower-rated ones. However, many other firms are not hiring as many associates because of the recent huge increases in starting salaries.
Flexible Partnership Tracks. Some firms are eliminating their traditional lock step partnership track. In these firms, 'High Performing' associates are considered after a lesser number of years, while the track is extended for others who develop at a slower pace. Although still rare, a few firms are promoting to partnership associates who work reduced or flextime schedules. Weil, Gotshal & Manges LLP has created the position of 'flex-time partner.'
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.
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.
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.