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As we all know, COVID-19 caused a shutdown of many aspects of the U.S. and world economies. Due to, among other things, funding and other relief from the U.S. government, the economic downturn that many had initially projected has not yet materialized in the ways that were anticipated. Bankruptcy filings are down 29.1% for the 12-month period ending on Sept. 30, 2021, accordingly to the Administrative Office of the U.S. Courts. Nevertheless, many businesses and industries continued to be impacted through the end of last year by issues such as worker shortages and supply chain problems, as U.S. ports had historic backlogs of cargo ships waiting to offload their goods ahead of the 2021 holiday season. Additionally, inflation is on the rise, leading to increased pricing, and the country is going into mid-term elections in 2022, all of which can negatively impact economic outlooks for 2022.
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By J. Mark Santiago
Deciding to merge is a process that is best undertaken when a firm has as much information as possible about what their objectives and desired outcome is. Developing that information is best achieved by answering four questions.
By Ben Schmidt
Employees are the lifeblood of an organization. Companies, including law firms, are rightfully attempting to navigate what the past two years have meant to the labor force and make sense of the changes to the landscape so that they can successfully manage their businesses. Included in this mix are outsourcing service providers.
By Lawrence L. Bell
The Treasury’s Greenbook commenting and explaining budget recommendations for FY 2023 raises warnings of tax increases. But what are the odds Congress passes anything before the midterm elections this November? This article presents a summary of the proposed tax increases and the likelihood of these provisions being enacted into law.
By Phillip Bantz and Trudy Knuckles
As inflation worsens, legal chiefs and their in-house teams are stepping up and finding ways to help their companies tamp down a vast array of price hike fires. And a significant part of that work is reviewing contracts with service providers, clients and other business partners.