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We found 2,019 results for "Accounting and Financial Planning for Law Firms"...

What Your Firm Can Learn from Toyota
December 23, 2008
Any adjustments we can make to our management style using LEAN processing techniques can significantly beef up a firm's bottom line.
Law Firm Survival: Tough Economic Times Call for Sound Management
December 23, 2008
There are steps firms can take — many in the areas of accounting and financial planning — to best ensure that they emerge from the current economic slump just as strong as when they entered it.
Exchange Rate Fluctuation in the Context of Partner Remuneration at the Global Firms
December 23, 2008
Foreign exchange issues can present problems in the partner remuneration context. Various internal methods can be employed, however, to successfully address the challenges.
Solving an IP Practice Business Need with Patricia
December 22, 2008
In January 2003, Duane Morris recognized a need to provide a better IP docketing system. The new docketing system needed to be user-friendly and give users the ability to create reports quickly and efficiently. It also needed to provide a flexible solution for incorporating the dockets of lateral hires during the firm's growth cycle and to integrate the firm's nine separate IP docketing databases into a master database. Finally, it was vital that it work well within the firm's existing infrastructure.
<b><i>Product Review:</b></i> Clio, Effective SaaS Practice Management For the Small Firm
November 25, 2008
As a partner in a small firm, I must divide my time between servicing current clients, finding new ones and running the operational side of my small business. In addition, I have three children, so it is essential for me to be able to work from home and office interchangeably. Another challenge is that my client base requires me to travel frequently, which makes it imperative for me to have access to my client data wherever I am, day or night.
SoundExchange Counsel Faces Royalty Skirmishes
November 25, 2008
SoundExchange originated as a division of the RIAA and was spun off as a separate group in 2000 to collect and distribute digital performance royalties. It's the only agency authorized to do so. Today, it represents more than 3,500 record companies and more than 6,000 labels and their artists. Michael Huppe, general counsel for SoundExchange, says music labels and artists will increasingly depend on the performance royalties SoundExchange distributes to survive.
Equitable Distribution of the Appreciation in Value of Separately Owned Residences
November 25, 2008
Courts continue to differ widely on the issue of the equitable distribution of the appreciation in value of a residence that is the separate property of one party. First in a three-part series.
Today's Law Firm Leadership Crisis: Where Is Your Next Generation of Leaders?
November 21, 2008
Do you know who your firm's next leader will be? Do you have a short list of viable partner candidates? If your answer to these questions is no, you are not alone.
It's Compensation Time Again
November 21, 2008
Whatever compensation system a firm selects, it will work in the long run only if it has the confidence of all of the firm's partners. Based upon the author's experience, that confidence can best be won by providing a role in the process for all partners.
Help Insulate Your Firm with Careful Year-End Planning
November 21, 2008
Notwithstanding the slowing economy, there are opportunities to strengthen the firm's finances and those of individual partners. The key in this or any year is careful tax planning &mdash; including year-end tax projections &mdash; that will help lessen federal and state tax liabilities, prepare for possible exposure to the alternative minimum tax, and discover potential ways to save and streamline.

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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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  • Meet the Lawyer Working on Inclusion Rider Language
    At the Oscars in March, Best Actress winner Frances McDormand made “inclusion rider” go viral. But Kalpana Kotagal, a partner at Cohen Milstein Sellers &amp; Toll had already worked for months to write the language for such provisions. Kotagal was developing legal language for contract provisions that Hollywood's elite could use to require studios and other partners to employ diverse workers on set.
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