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So much for organic growth! An astounding 48% of new partners have changed firms before becoming partner, according to a 2011 ALM Intelligence survey. Two reasons disclosed in the report stand out. One was the opportunity for business development training at the law firms hiring these lawyers. The other highly rated motivation for “lateraling” was that the new firm required a 360-degree review of performance.
In other words, these lawyers want to be evaluated based on their ability to develop business.
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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 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.
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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.