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If there were no clients, there would be very few successful professionals. There would be no transactions to consummate, no lawsuits to litigate, no petitions to file. But there have always been clients and, before the “new economy,” many professionals were legitimately too busy ' with billable work ' to develop business. The Godfather (or the Fairy Godmother, depending on your firm's particular mythology) went out into the world and brought back clients for you to serve happily and skillfully.
And all was well, until it wasn't. Budgets shrank, businesses collapsed, and fortunes were lost. Suddenly there were all too many great professionals who could do just what you do ' at lower hourly rates.
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 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.
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.