Cutting Costs In Discovery
Over the last 5 years, the costs of trying a legal case have skyrocketed. One cost that seems to have come from nowhere to rival the legal fees of attorneys is the often-unpredictable price of e-discovery. <br>Data are proliferating at an exponential rate, creating ever-greater volumes of documents to be reviewed, checked and indexed as part of legal discovery. Even a small company has a document-gathering and production expense that may rival the amount for the entire legal dispute. <br>Creative new efforts are crystallizing around reducing costs.
Pre-Nups: Estate Planning
When drafting and executing prenuptial agreements, the parties are generally concerned about protecting their assets and delineating their rights upon divorce. In addition to provisions in the event of divorce, however, careful attention also must be paid to the disposition of one's assets upon death. The provisions in the event of death may be particularly important where the assets to be protected were received from one's family or are comprised of a family business. Depending upon the circumstances, the death provisions of a prenuptial agreement may be used to negotiate more favorable divorce provisions for your client. Whether or not used in negotiation, any death provisions included in a prenuptial agreement require an understanding of complex federal tax issues, knowledge of state property law, and thoughtful drafting.
Covenant Not to Compete
When a business is sold, there is often an allocation of a portion of the purchase price to a covenant not to compete. While this allocation may be appropriate in the sale of a business, frequently the allocation is artificial and is a behind-closed-doors deal between buyers and sellers, driven entirely by tax considerations. Such allocations may have unwanted and unintended consequences for a divorcing party.
Pre-Nups and Trusts
Premarital agreements, commonly referred to as "pre-nups," are usually associated with celebrity marriages. Indeed, you'll likely hear someone ask after a high-profile marriage ends, "I wonder what their pre-nup says?" While most of us would like to learn the juicy details, it's important to remember that a prenuptial agreement does more than list who gets what.
Litigation
Recent rulings of interest to you and your practice.
Badmouthing May Lose You Custody in Connecticut
Several judges in Connecticut have deprived mothers of custody due to their vitriolic comments about the father. A woman recently lost temporary custody of her sons because, according to Judge F. Herbert Gruendel, her "incessant and completely unjustified vilification" of the father placed their younger son "in a condition of intense psychological turmoil."
The NLRB's 'IBM' Decision
The National Labor Relations Board (NLRB) recently held by a 3-2 vote that employees who work in a nonunionized work force do not have the right to have a co-worker present at an investigatory interview with their employer, even if the affected employee reasonably believes that the interview might result in discipline.
