Features
<b><i>Online Extra:</b></i> Reed Smith Raises Salaries, Matching $180K in Some Markets
Reed Smith has announced a new associate pay structure, raising the starting salary to $180,000 in some markets, $160,000 in Philadelphia and $145,000 in Pittsburgh.
Columns & Departments
Case Notes
Fourth Circuit Finds GCL Insurer Owed Duty to Defend Cyber-Related Claims
Benefits and Risks of the Internet of Things
The buzz phrase "Internet of Things" is seemingly everywhere. What is it, what can it do for us, and what concerns does it present? More specifically, while the Internet of Things (IoT) presents tremendous opportunities for businesses, are there corresponding risks, or elements of the IoT that businesses should consider staying away from?
Features
The Unstoppable Rise of SLBs
A look at an alternative financing strategy that is seeing strong momentum in the commercial real estate industry, in which corporations selling their facilities enter into long-term net leases with the investors as an alternative for managing and financing the buildings they occupy.
Features
'Condominiumized' Buildings
When drafting a lease, the landlord is typically the owner of the entire building. When the building is owned by a condominium, however, this may not be the case. In such instances, a lease needs to be specifically tailored to take into account that the leased premises is not only a stand-alone unit owned by the landlord, but also part of a condominium property regime covering all of the units in the building.
Features
Traits of Future Equity Partners
In the last 10 years, I have coached hundreds of attorneys as an internal career coach at Holland & Knight. Some of those associates left law entirely and are now writing novels, playing professional baseball, and flying airplanes. Others have gone in-house or to work for the government. Many of the associates have become non-equity partners, and some are equity partners. Here are some things I have learned about the ones who aim for partnership in a large firm.
Columns & Departments
Verdicts
In-depth look at a case in which a doctor could not testify as an expert without proper notice.
Navigating New Terrain: Law Firms Facing Unprecedented Cyber Risk
For years, various government authorities and security experts warned the legal industry about the proverbial cyber target painted on their chest. Given nebulous reporting legislations, the data breaches at law firms remained below the press horizon. But you can only dodge so many bullets until one hits the industry square in the chest.
Features
New Federal Legislation On Trade Secrets
After years of discussion, Congress recently enacted federal legislation establishing a private right of action for misappropriation of trade secrets, vesting the federal courts with original jurisdiction over the litigation of such claims. After signaling his support for some time, the President signed the bill into law May 11.
Governor's Veto Kills FL Child-Sharing and Alimony-Reform Bill
Florida's Governor Rick Scott has vetoed a contentious bill that would have created a legal presumption in nearly all child custody cases in favor of equal time sharing between parents.
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- Private Equity Valuation: A Significant DecisionInsiders (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.Read More ›
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