When 'If and When' Becomes 'Here and Now'
March 29, 2010
Mergers can present some difficult issues to matrimonial attorneys. A discussion of one such merger, pharmaceutical company Wyeth, will illustrate some of the problems and their resolutions. In addition, several sample forms follow this article.
The Future Profitability of Law Firms
March 26, 2010
The next several years will see significant changes in the legal profession. It will not be the end of the world; most law firms will survive. This article discusses two distinct world views that will determine which firms will likely prosper, and which will survive.
Communicating Firm Finances to the Partnership
March 26, 2010
Most financial misunderstandings can be avoided if firm management were to use some fairly straightforward communication techniques with their general partnership. This article compiles a few considerations for a law firm's head-of-finance.
Is Your Firm Ready for an IRS Audit?
March 26, 2010
The IRS has selected your firm for audit. Are you ready? You may be in for a surprise if you ever accept retainers, accept payment for services in kind, accept client trust funds, advance client costs in connection with matters you are handling, or have any service providers not on the regular payroll.
Want to Save Your Property?
March 26, 2010
Many business owners who are faced with a matured bank loan or multiple debts that are long past due immediately think that bankruptcy is the only way out. This could not be further from the truth.
Understanding GAAP
March 26, 2010
So many contracts contain the phrase "in accordance with generally accepted accounting principles," but do lawyers really understand what this phrase means or how it may affect a client in any given contract?
Change As a Management and Marketing Tool
February 25, 2010
In this economic environment, the word "change" looms large in professional services dialogue. Professions can be fairly rigid and resistant to innovation. But the times seem to have accelerated the need for new ideas and structures to cope with new economic and social problems and opportunities.
Three's a Crowd?
February 24, 2010
Is there room in the legal market for a third high-end legal research service? That is the question as Bloomberg, a company known for its financial news, attempts to muscle in on the turf now occupied by Westlaw and LexisNexis. In December, it officially launched Bloomberg Law.