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In times of budget pressure, law firms are challenged to do more with less — especially when it comes to lawyer development. A study released in 2023 by ALM and The Tilt Institute titled “The Expanding Role of Professional Development in Law Firms” notes that firms spend on average between .8% and .9% of annual gross revenue on training and development. While traditional legal training or CLEs are crucial, attorneys today need much more — and most of it is not taught in law school.
This is where the marketing department and its outside vendors can deliver significant value. By partnering with the firm’s professional development or talent team, marketing and communications professionals can provide cost-effective in-house training on nonlegal skills that are critical to a lawyer’s success in today’s client-driven market. From leadership training to LinkedIn coaching and guidance on public speaking, networking and personal branding, marketers bring subject-matter expertise that complements legal training and enhances client-facing readiness.
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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.
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.
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.
This article explores legal developments over the past year that may impact compliance officer personal liability.