Maximizing Law Firm Mergers in the Media
July 29, 2009
Grappling with an unprecedented recession, law firms are merging out of both necessity and opportunity, according to a recent client advisory from Hildebrandt and Citi Private Bank.
Changes in Pricing Legal Services
July 29, 2009
Compounded by the current recession, demands of clients and competition among law firms are causing fairly dramatic changes in the pricing of legal services, away from straight hourly billing.
FBAR: Challenges for Clients and Firms Alike
July 28, 2009
The FBAR is not filed with the tax return, discloses no information about the income derived in a foreign account, and is not used for calculating any tax obligations. Yet the IRS has converted the FBAR from a minor information report to a primary tool for pursuing hidden bank accounts.
Tax Issues for Real Estate Leasing by Tax-Exempt Organizations
July 28, 2009
The article herein examines the issues involved when a tax-exempt organization owns a tract of vacant land that it wishes to develop and lease, so as to realize a stream of income from the land greater than would be realized by a simple sale or lease of the unimproved property.
Who's Your Client?
July 28, 2009
A federal judge recently concluded in a widely reported option backdating case that the California law firm Irell & Manella had "compromised ' important principles" involving the "fair administration of justice."
Secured Lenders' Right to Full Payment
July 28, 2009
The U.S. Court of Appeals for the Seventh Circuit held on May 5, 2009, that two secured lenders were fully secured, "entitled to a full recovery" from the debtor despite the bankruptcy court's improper valuation of the collateral (improved airport terminal space) securing the lenders' underlying $60 million loan. <i>In re United Air Lines, Inc.</i>
'The Way I Connected'
July 23, 2009
Officially launched on March 31, 2009, Martindale-Hubbell Connected a new global online community designed specifically for legal professionals. The network is quickly expanding as lawyers realize the advantages to connecting, networking, and collaborating with trusted and authenticated colleagues. The following article reflects two different lawyers, with equally different needs, who have benefited from utilizing Martindale-Hubbell Connected.
Re-engineering Underused Partners
June 30, 2009
In the current recession, partners whose practices depend on transactional areas of the law have experienced a significant decline in business. Some firms may have the resources and client work to carry them. Others may not. "Re-engineering" underutilized partners, although not the easiest solution, could be the least objectionable.
Virgin Advantage from a New, Near-Shore Corporate Frontier
June 29, 2009
With bona fides now suitably established, is it possible to actively leverage the USVI's fiber and bandwidth assets to deliver greater competitive and stakeholder advantage to the enterprise? Yes it is; an economic development program chartered in law by the USVI government, sanctioned under U.S. Treasury regulations and managed by the University of the Virgin Islands Research and Technology Park ("RTPark"), may be of particular interest to e-commerce and other knowledge-based businesses.
Verdicts
June 29, 2009
Recent rulings of importance to you and your practice.
