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Features

The Art of Eating in the Eye of the Storm: How Mindful Nourishment Can Transform Legal Practice Image

The Art of Eating in the Eye of the Storm: How Mindful Nourishment Can Transform Legal Practice

Pragya Thakur

The legal profession doesn’t just demand excellence; it devours those who cannot sustain it. Law firms scramble to address time management and mental health, yet one daily ritual remains overlooked: how lawyers eat.

Features

Identifying Your Practice's Differentiator Image

Identifying Your Practice's Differentiator

Bethany Chieffallo

How to Convey Your Merits In a Way That Earns Trust, Clients and Distinctions Just as no two individuals have the exact same face, no two lawyers practice in their respective fields or serve clients in the exact same way. Think of this as a "Unique Value Proposition." Internal consideration about what you uniquely bring to your clients, colleagues, firm and industry can provide untold benefits for your law practice.

Features

LJN Quarterly Update: 2024 Q1 Image

LJN Quarterly Update: 2024 Q1

LJN Editorial Staff

Highlights some of the in-depth analysis and insights from lawyers and other practice area experts from the nine LJN Newsletters titles over the first quarter of 2024.

Features

CRM Success: A Playbook for Disrupting Traditional CRM Image

CRM Success: A Playbook for Disrupting Traditional CRM

Kiara Hughes

Here's the playbook for disruption: Take attorneys out of the equation. Stop building CRM that succeeds or fails on their shoulders. We need to shift the focus and, instead, build the technology from the ground up for the professionals who actually use it: marketing and business development.

Features

AI and Law Practice: A Roadmap for Success In Modern Legal Firms Image

AI and Law Practice: A Roadmap for Success In Modern Legal Firms

Melissa "Rogo" Rogozinski & Steve Salkin

This article lays out a general roadmap for success in modern legal firms through the strategic incorporation of AI technologies.

Features

Is Non-Lawyer Ownership of Law Firms Coming Soon? Image

Is Non-Lawyer Ownership of Law Firms Coming Soon?

Quentin Brogdon

Powerful forces are now pushing regulators in the direction of non-lawyer ownership of law firms in the United States. Some of the forces are completely well-intentioned, but some of the forces are not so well-intentioned.

Features

Should Law Firms Make Pass-Through Entity Tax Elections? Image

Should Law Firms Make Pass-Through Entity Tax Elections?

Jonathan Weinberg

As a result of the TCJA, the owners of pass-through entities are limited in the amount of state and local taxes they can deduct on their Federal income tax return. In response, over 25 states have enacted pass-through entity tax regimes, which allow the owners of law firms to preserve their state and local tax deduction on their income from the law firm.

Features

Big Law Leaders Grappling With Attorney Disengagement Image

Big Law Leaders Grappling With Attorney Disengagement

Andrew Maloney

Unlike burnout or "quiet quitting," which arguably stemmed from mostly short-term dynamics, observers point to a collision of current and long-term trends, such as post-pandemic work and generational shifts, that have led lawyers today to be less committed to or fulfilled in the profession as they were a decade ago.

Features

Jurisdictional License Requirements and Disparate Laws Are Hindering Law Firms' Fight Against Cybercrime Image

Jurisdictional License Requirements and Disparate Laws Are Hindering Law Firms' Fight Against Cybercrime

Isha Marathe

Some cybersecurity experts think the structure of law in the U.S. itself means that truly fighting against growing threat actors is a losing game. Take, for example, the fact that attorneys are largely limited by jurisdictional licensure requirements. While on the other hand, bad actors are often organized, unsaddled by jurisdictional challenges, and able to function as a large decentralized group.

Features

Tips to Minimize Malpractice Claims Image

Tips to Minimize Malpractice Claims

Michael R. McAndrew

So long as humans are practicing law, mistakes will happen; but well prepared attorneys are proactive and take the affirmative steps to put themselves in a position to minimize the danger to the client and the case.

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  • Risks of “Baseball Arbitration” in Resolving Real Estate Disputes
    “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.
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  • Private Equity Valuation: A Significant Decision
    Insiders (and others) in the private equity business are accustomed to seeing a good deal of discussion ' academic and trade ' on the question of the appropriate methods of valuing private equity positions and securities which are otherwise illiquid. An interesting recent decision in the Southern District has been brought to our attention. The case is <i>In Re Allied Capital Corp.</i>, CCH Fed. SEC L. Rep. 92411 (US DC, S.D.N.Y., Apr. 25, 2003). Judge Lynch's decision is well written, the Judge reviewing a motion to dismiss by a business development company, Allied Capital, against a strike suit claiming that Allied's method of valuing its portfolio failed adequately to account for i) conditions at the companies themselves and ii) market conditions. The complaint appears to be, as is often the case, slap dash, content to point out that Allied revalued some of its positions, marking them down for a variety of reasons, and the stock price went down - all this, in the view of plaintiff's counsel, amounting to violations of Rule 10b-5.
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