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The preliminary results for how law firms performed in 2021 are beginning to trickle out. Despite COVID lockdowns and on-again off-again return to the office efforts, American law firms are reporting record utilization and profits. At least six of the AmLaw 100 firms will report profits-per-equity-partner (PPEP) of $5mm or more, exceeding last year's record number of five firms, and not all firms have reported their final results.
You might think that with everybody working so hard, law firm leadership had little time for anything else. Not true! They also had time to complete a record 45 mergers in calendar 2021 and the rapid pace of mergers continues, with 14 announced in Q1 of 2022.
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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.
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.
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.
With trillions of dollars to keep watch over, the last thing we need is the distraction of costly litigation brought on by patent assertion entities (PAEs or "patent trolls"), companies that don't make any products but instead seek royalties by asserting their patents against those who do make products.