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An American Bar Association panel has recommended that the organization drop its prohibition against law students receiving both academic credit and money for internships and externships. The ABA's Council of the Section of Legal Education and Admissions to the Bar still must approve the idea, but it would represent a significant departure from existing rules that forbid students from receiving monetary payment for field placements. The pay-for-field-placement rule is intended to open more opportunities within the private sector, said committee chair Jeff Lewis, a professor at Saint Louis University School of Law.
“Law schools won't place students in the private sector because those employers are required under federal law to pay,” Lewis said. “That's what everybody seems to believe, and they weren't willing to risk violating the law. It cuts off large swathes off the world for student field placements.”
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.
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.
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.