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Movers & Shakers
Atlanta-based Kilpatrick Stockton LLP and San Francisco-based Townsend and Townsend and Crew LLP will be merging effective January 2011, with the combined 640-lawyer firm to be known as Kilpatrick Townsend & Stockton. It will have offices in 14 U.S. cities, as well as in Stockholm, Dubai and Tokyo. “This is very exciting. It's a great opportunity that broadens the platform for both firms,” said Rupert Barkoff, head of the franchise practice at Kilpatrick Stockton and a member of this newsletter's Board of Editors. Townsend has a very strong reputation for its work in intellectual property, trademarks, and patents, and Barkoff observed that “a trademark license is usually no more than one step from being a franchise.” Geographic reach is a motivation for the merger, as Townsend is focused on major U.S. cities in the West and Tokyo, whereas Kilpatrick Stockton is strong in the U.S. East Coast. The full-service practice depth of Kilpatrick Stockton will enable Townsend to retain franchise work that had previously been farmed out to other firms, Barkoff added. The combined firm will rank among the 70 largest law firms in the United States.
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.
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.
Compliance Officers: Recent Regulatory Guidance and Enforcement Actions and Mitigating the Risk of Personal Liability
This article explores legal developments over the past year that may impact compliance officer personal liability.