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Do-It-Yourself Lateral Hiring
Just over half of the 218 law firms that responded to Altman Weil's new Law Firms in Transition Survey (released June 2010) said they are being more aggressive about increasing lawyer head count in 2010 than they were in 2009. The overwhelming strategy of choice for growth is the addition of laterals, followed by the acquisition of groups of lawyers.
Law firms' intentions to grow by lateral hire are nothing new. Indeed, lateral hiring has been the most-preferred path to growth among larger law firms for years. Lateral hiring, however, is not a panacea. Buying clients via lateral hire is not necessarily strategic, can be expensive, and is subject to the hard reality that lawyers who move to your firm may also move from your firm when the next offer comes along.
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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.
Judge Rules Shaquille O'Neal Will Face Securities Lawsuit for Promotion, Sale of NFTs
A federal district court in Miami, FL, has ruled that former National Basketball Association star Shaquille O'Neal will have to face a lawsuit over his promotion of unregistered securities in the form of cryptocurrency tokens and that he was a "seller" of these unregistered securities.
Why So Many Great Lawyers Stink at Business Development and What Law Firms Are Doing About It
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?
Blockchain Domains: New Developments for Brand Owners
Blockchain domain names offer decentralized alternatives to traditional DNS-based domain names, promising enhanced security, privacy and censorship resistance. However, these benefits come with significant challenges, particularly for brand owners seeking to protect their trademarks in these new digital spaces.
Coverage Issues Stemming from Dry Cleaner Contamination Suits
In recent years, there has been a growing number of dry cleaners claiming to be "organic," "green," or "eco-friendly." While that may be true with respect to some, many dry cleaners continue to use a cleaning method involving the use of a solvent called perchloroethylene, commonly known as perc. And, there seems to be an increasing number of lawsuits stemming from environmental problems associated with historic dry cleaning operations utilizing this chemical.