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There was a time in the legal industry when it was practically unheard of for a lawyer to leave a law firm. They spent their entire careers at one firm unless they moved on to the judiciary, in-house with corporate legal departments, or to a government position. That time is long gone in the legal industry as well as most other industries.
Today, law firms compete on many levels for talent including:
As a result, law firms almost inevitably find themselves in the position of either welcoming or saying goodbye to attorneys and sometimes entire legal departments.
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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.
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