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Ask any law firm leader to list their key business strategies and delivering client value will undoubtedly top the list. While Chicago-based Levenfeld Pearlstein is similar to its smaller and much larger counterparts in this regard, the status quo really stops there. As the firm's Executive Director and member of the firm's Executive and Compensation Committee, I am responsible for the development and execution of the firm-wide business plan, including the strategic use of technology to help meet business objectives and to initiate strategic change. We market the firm as a “different kind of law firm,” and a “Big Firm alternative.” Our recent experience developing a series of client extranets is a good example of our focus on innovation for the main purpose of creating value for clients. Talking about innovation is fine and well, but is not worth much unless your firm is willing to make strategic changes, some of which might hurt in the short term, in order to open the door to new ideas and a client-centric approach.
Our Client Challenge
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.
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.
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.
The Second Circuit affirmed the lower courts' judgment that a "transfer made … in connection with a securities contract … by a qualifying financial institution" was entitled "to the protection of ... §546 (e)'s safe harbor ...."