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According to a survey released in May 2013 by Citi Private Bank Law Firm Group, demand for legal services dropped by 3.3% in the first quarter of 2013, sending another clear sign that the law firm gilded age is a distant memory. With belts already tight and so many firms chasing less legal work, it is critical for law firms to stand out from their competition ' and they need to do so in a way that resonates with clients.
“The most important thing to me personally as regards outside lawyers is that they understand enough about our business to ask the right questions and spot the right issues,” one associate general counsel commented in the recent report, Corporate Counsel: Agenda 2013 from ALM Legal Intelligence. “That permeates everything, including budgets.”
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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 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.
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.
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.
This article explores legal developments over the past year that may impact compliance officer personal liability.