Who Should Be Partner in a Post-Recession Profession?
May 29, 2013
In Part One of this series, the author discussed the skills and experience that law firms must consider when admitting lawyers to partner status. As important as each of these areas is, none is more fundamental than the ability to develop new business.
Three Key Issues Surrounding Partner Compensation
May 29, 2013
Partner compensation is invariably the topic of most interest in every firm. Not surprisingly, partners will normally advocate a compensation system that favors their particular strong points as attorneys.
Law Firm Financial Impropriety
May 29, 2013
Funds can come up missing in any law firm, and the cause can be intentional theft that qualifies as fraud or embezzlement, or an unintentional mistake that shows poor judgment.
In the Spotlight: The Assignment Provision
May 24, 2013
Tenants are accustomed to negotiating assignment provisions heavily as they relate to a third-party transfer. However, the effects that such provisions can have on a tenant's corporate autonomy are often overlooked.
The War on Cybercrime Heats Up
May 02, 2013
Cybercrime is neither rare nor isolated these days. You no longer need to be a major bank, retailer, credit card company, social media site or government to become a target. Every company with an online presence, or even a connection to the Internet, has become fair game.
Changes in the Legal Tech Market As Viewed Through Recent M&A Activity
April 30, 2013
Over the past few years, especially since the onset of the 'Great Recession' and even now during what appears to be an economic recovery, there has been increased talk about meaningful changes to the legal market. While there are a number of ways to analyze these changes, one interesting approach is to look at acquisition and private investment activity in the legal market over that same time period.
Expected Impact of Supreme Court First-Sale Ruling
April 30, 2013
The U.S. Supreme Court's recent ruling in <i>Kirtsaeng v. John Wiley & Sons</i>, that a legally obtained copyrighted work can be imported into the United States and resold without permission from the copyright owner, even if it was manufactured and sold overseas, has broad legal ramifications going forward, intellectual property attorneys say.
Why Lawyers Need to Write Less Like Marshall and More Like MapQuest
April 29, 2013
Though we tend to think that good writing never changes, writing in many parts of the legal and business worlds has probably changed more in the last decade than in any comparable period over the last five centuries. Those who fail to adapt will pay the consequences.
Who Should Be Partner in a Post-Recession Profession?
April 29, 2013
Partnerships are viable and sustainable only if there is a consistent and sufficient earnings stream to attract talent to the firm. This is accomplished when all timekeepers are personally productive and profitable.
