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India looms large on the horizon as the next territory for increased expansion by law firms. A recent court ruling holding that India may tax a foreign law firm only for work actually performed in India, coupled with the enactment of a law permitting businesses to operate as limited liability partnerships, pave the way for these firms to enter the Indian market.
When the recession ends, many firms will have survived. But those that thrived will have employed all or some of the measures outlined in this article.
Features
As uncertainties in the economy continue, many law firms are facing the reality of excess capacity. Unfortunately, "right-sizing" a firm generally means laying off valuable employees. The loss of a job can be traumatic even in good times, when an employee can expect to quickly land a new position. But with cuts coming from businesses across the board, the next paycheck may be a long way down the road.
Highlights of the latest franchising news from around the country.
There are many examples of insurance company statements and conduct that have endorsed the fairness of the "all sums" approach to allocation, or argued against the imposition of extracontractual proration. This conduct contradicts the unsupported arguments these insurance companies now make in favor of extracontractual proration; that enforcing the "all sums" policy language somehow would lead to unfair or unintended results.
The Supreme Court of Canada ruled in an employment dispute that a non-competition covenant was not enforceable, indirectly giving new guidance for franchisors about non-compete covenants with franchisees.