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Off the bat (so to speak), please excuse us if the use of sports analogy will fall on deaf ears, but for those of you who do see parallels between sports and business, we believe a law firm executive's ability to lead lawyers' potential for greatness can be evaluated using a model that is similar to baseball.
World Series season has just passed (no winner as of press time!) and there's not a better time to take lessons learned from Major League Baseball. The baseball term “five-tool player” is used to describe a player who has an array of skills across a broad spectrum. In quick summary, the five tools are: 1) Hitting for power — hit home runs; 2) Hitting for average — adapt the hitting approach to the situation in the game; 3) Speed — speed on the base paths; 4) Fielding — catch and cover wide spaces; and 5) Throwing — throw quickly and accurately.
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Why is it that those who are best skilled at advocating for others are ill-equipped at advocating for their own skills and what to do about it?
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.
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.
“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.
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.