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Successful Succession Planning For Law Firms
August 16, 2004
Succession planning is one of those management issues that rarely gets much attention until a senior partner or rainmaker announces plans to leave or retire ' and then the firm goes into crisis mode.
Case Briefs
August 13, 2004
Highlights of legal bill auditing cases.
Insurers' Billing Complaints
August 13, 2004
Insurers and auditing firms say that the following types of billing inconsistencies are the most common.
It's Not What You Bill, It's What You're Paid
August 13, 2004
Over the past two decades, the monitoring of legal bills by insurance firms that are paying for outside counsel has become standard practice. Whether using in-house accounting staff or hiring a third party, insurers have put attorneys on notice about what they will pay for, and how work must be documented. In turn, attorneys who defend insurance cases have had to adjust the way they do business.
Attorneys' Major Complaints
August 13, 2004
Attorneys who conduct a large number of insurance defense cases say that they face these problems with the insurance companies that they represent.
Methodology of an Auditing Firm
August 13, 2004
Judy Brompster of Accountability Services (New York) says that some auditing firms are too prescriptive in their approach. "How can an auditing firm say that a deposition should take 40 minutes?" she asks. "Some take more, and some take less."
BREAKING NEWS
August 13, 2004
Major setback for same-sex marriage advocates.
BREAKING NEWS
August 13, 2004
A major setback for same-sex marriage advocates.
Google Up Over 18% After First Day
August 11, 2004
The Internet search company's troubled IPO has finally started -- Google started trading on Thursday morning, Aug. 19 under the symbol GOOG on the NASDAQ exchange. Shares opened for trading at $85, as expected, lower than the projected price set when Google announced it was going public. Thursday's trading ended with the price per share of just over $100 -- more than an 18% increase.
News Briefs
August 10, 2004
Highlights of the latest franchising news from around the country.

MOST POPULAR STORIES

  • Risks of “Baseball Arbitration” in Resolving Real Estate Disputes
    “Baseball arbitration” refers to the process used in Major League Baseball in which if an eligible player's representative and the club ownership cannot reach a compensation agreement through negotiation, each party enters a final submission and during a formal hearing each side — player and management — presents its case and then the designated panel of arbitrators chooses one of the salary bids with no other result being allowed. This method has become increasingly popular even beyond the sport of baseball.
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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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