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A Firm's Future Depends on Selection of Partners to Serve As Managers
Democracy has such a nice ring to it. But when it becomes the dominant management structure in a law firm ' especially a large law firm ' the freedom gained may well be freedom to watch the firm become slow to respond to problems and opportunities, with resulting hits to the bottom line.
A total democracy in many firms has been exemplified by virtually every non-routine administrative matter, many which could be considered routine, having to be brought before a partners' meeting. The result very well may be delayed decisions, uninformed partners voting on matters on which others should do their own homework and decision-making, and partnership meetings weighed down with trivia. Everybody's business becomes nobody's problem.
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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.
Removing Restrictive Covenants In New York
In Rockwell v. Despart, the New York Supreme Court, Third Department, recently revisited a recurring question: When may a landowner seek judicial removal of a covenant restricting use of her land?
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.