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In the midst of the current recession-induced pummeling of law firms and in-house legal departments, some positive changes are occurring that are setting the stage for a stronger industry. One is the quantity and quality of law firm mergers that are being consummated.
Though the second quarter had an anemic showing ' just seven mergers, according to Altman Weil ' it followed a bullish first quarter of 25 mergers. As of mid-September (just before press time), 13 mergers had been recorded for the third quarter. Last year, a record 70 mergers occurred ' 18 in the first quarter, 26 in the second, 13 in the third, and another 13 in the fourth ' a 17% increase over 2007.
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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.
Summary Judgment Denied Defendant in Declaratory Action by Producer of To Kill a Mockingbird Broadway Play Seeking Amateur Theatrical Rights
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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?