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<I><B>Online Extra:</B></I>Reinventing Associate Training at Law Firms
In the aftermath of the recession, many of us wondered what repercussions, if any, would last in the legal arena. One of the enduring effects is a continued aversion by clients to paying high rates for junior associates with thin experience. Relatedly, clients are no longer inclined to facilitate the training of associates on their matters, if they ever were. Yet, at the same time, many law firms are again adding more associates to their ranks because of the desire to push more work down to those with lower billing rates to contend with pricing constraints.
The result is that associates are under more pressure to be as effective as possible as soon as possible. Consequently, it is incumbent upon law firms to train associates to meet the demands of the current environment. But, what does this really mean?
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.