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Economists rarely agree on anything. But, if the Fed's recent actions are any guide, most believe the U.S. is already in a recession (defined as two consecutive quarters of negative growth). This downward economic outlook for the country will soon begin impacting corporate budget discussions, forcing every department ' including legal and the law firms that serve them ' to re-examine their expenses. When companies are struggling to grow the top line, every cost gets scrutinized. Legal expenses are no exception, especially given the sharp increase in spending and dollars going towards e-discovery.
According to Gartner, the market for e-discovery products and services is growing by more than 37% per year. Similarly, IDC's recent forecast for the legal discovery market predicts spending will reach a staggering $21.8 billion by 2011.
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 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.
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.
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.
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.