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Successful Succession Planning For Law Firms
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
Highlights of legal bill auditing cases.
Insurers' Billing Complaints
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
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
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
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
Major setback for same-sex marriage advocates.
BREAKING NEWS
A major setback for same-sex marriage advocates.
August/September Special Issue in pdf format
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Google Up Over 18% After First Day
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.

MOST POPULAR STORIES

  • The 'Sophisticated Insured' Defense
    A majority of courts consider the <i>contra proferentem</i> doctrine to be a pillar of insurance law. The doctrine requires ambiguous terms in an insurance policy to be construed against the insurer and in favor of coverage for the insured. A prominent rationale behind the doctrine is that insurance policies are usually standard-form contracts drafted entirely by insurers.
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  • Abandoned and Unused Cables: A Hidden Liability Under the 2002 National Electric Code
    In an effort to minimize the release of toxic gasses from cables in the event of fire, the 2002 version of the National Electric Code ("NEC"), promulgated by the National Fire Protection Association, sets forth new guidelines requiring that abandoned cables must be removed from buildings unless they are located in metal raceways or tagged "For Future Use." While the NEC is not, in itself, binding law, most jurisdictions in the United States adopt the NEC by reference in their state or local building and fire codes. Thus, noncompliance with the recent NEC guidelines will likely mean that a building is in violation of a building or fire code. If so, the building owner may also be in breach of agreements with tenants and lenders and may be jeopardizing its fire insurance coverage. Even in jurisdictions where the 2002 NEC has not been adopted, it may be argued that the guidelines represent the standard of reasonable care and could result in tort liability for the landlord if toxic gasses from abandoned cables are emitted in a fire. With these potential liabilities in mind, this article discusses: 1) how to address the abandoned wires and cables currently located within the risers, ceilings and other areas of properties, and 2) additional considerations in the placement and removal of telecommunications cables going forward.
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