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Resolving the Enigma of Law Firm Leadership
The first installment of this article in September addressed the necessity of law firm leadership. The conclusion discusses qualities needed in a manager.
Manager's Qualities
The leader must garner respect and support, have clout, and wield it when necessary. The leader must possess a rich mixture of judgment, timing, and vision. For practical reasons, a junior partner cannot be a successful managing partner. The managing partner must keep the objectives of the firm in perspective and understand that the good of the firm must come first. The managing partner must be able to make decisions and have them stick, and must want to manage the firm. Many partners want to have a great deal of “say” in firm operations; however, they stop short of following up on their advice or opinions with recognizable action. Such “management by debate” leads many management committees down the proverbial blind alley. It is not the way most lawyers want to conduct business in their professional lives.
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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.
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.
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.
Marketing Analytics: More Is Not Always Best
In the past few decades, law firms have made great strides in catching up with the rest of the corporate world and are reaping the benefits of all kinds of marketing. This acceptance by firm management is in great part due to an increased appreciation of analytics, made possible by digital marketing and social media.