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2011 Law Department Compensation Benchmarking Survey
News reports about the overall U.S. economy may still be trending negative, but there is good news in the results of Corporate Counsel's 2011 Law Department Compensation Benchmarking Survey. In the analysis of compensation data from 4,951 lawyers in nine law department positions, employed within 225 corporate law departments, the survey showed that compensation for in-house lawyers (both salary and bonus) is finally on the upswing this year after stalling out last year.
A review of the Law Department Compensation Benchmarking Survey Charts (www.law.com/jsp/cc/PubArticleCC.jsp?id=1202514400404) reveals that law departments reported positive gains in bonuses for all positions. Compared with last year, bonuses increased from a low of 0.44% ($180,800) CLOs/GCs to a high of 58% ($23,700) for in-house attorneys. All positions except CLO/GC saw double-digit increases in bonuses.
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.
A Lawyer's System for Active Reading
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.