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Coaching: A Shift in Law Firm Culture
Seyfarth Shaw ' an international law firm with 800 attorneys and offices in the United States, Europe, China, and Australia ' takes great pride in its innovative client-focused culture. This sustained effort has already led to a robust program of competency models, multi-rater performance appraisals, customer service initiatives, mentoring, summer fellowship positions, Lean Six Sigma certification, and “best place to work” awards. However, like other firms, Seyfarth found that developing employees, increasing engagement, addressing generational changes, and matching associate objectives with firm goals is a constant challenge.
Many firms are trying to adopt the methods that successful corporations use to cultivate talent (many addressed in this newsletter). One of Seyfarth's seasoned partners joined with a consulting firm (Strategic Performance Group, strategicperformance.net), and developed an associate coaching program that has proven effective in changing the culture and positively influencing law firm performance. Here's what we learned:
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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.
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Bit Parts
Summary Judgment Denied Defendant in Declaratory Action by Producer of To Kill a Mockingbird Broadway Play Seeking Amateur Theatrical Rights
Risks of “Baseball Arbitration” in Resolving Real Estate Disputes
“Baseball arbitration” refers to the process used in Major League Baseball in which if an eligible player's representative and the club ownership cannot reach a compensation agreement through negotiation, each party enters a final submission and during a formal hearing each side — player and management — presents its case and then the designated panel of arbitrators chooses one of the salary bids with no other result being allowed. This method has become increasingly popular even beyond the sport of baseball.
One Overlooked Element of Executive Safety: Data Privacy
Executives have access to some of the company's most sensitive information, and they're increasingly being targeted by hackers looking to steal company secrets or to perpetrate cybercrimes.