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Downsizing the Right Way
This first part in a two-part series deals with the primary risks of a “downsizing” event. In today's economy, law firms and their clients are implementing reductions in force (“RIFs”) in order to cut costs, meet profitability targets and/or correct imbalances created by growth in recent years and the recent economic downturn. In some cases, firms and their clients are simply giving up and are closing units or entire businesses.
Every downsizing event presents specific legal risks and traps for the unwary, as a number of law firms already are facing legal action arising out of the recent flood of layoffs. Therefore, before beginning the downsizing process, firm management should develop a plan that is designed to minimize litigation risk. Implementing a reasoned plan provides the needed transition towards an improved bottom line instead of costly problems.
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.