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

A Negotiation Tool for Spousal Maintenance
October 30, 2013
The temporary spousal maintenance law that became effective in New York State on Oct. 12, 2010, provides formulas for calculating temporary maintenance guidelines. But there is no one correct answer on how to determine the amount of final maintenance.
New Opportunities in the Legal Industry
October 29, 2013
Should law firms hire professional sales people?
Commercial Real Estate Debt Restructuring
October 29, 2013
To restructure loans experiencing maturity defaults effectively, the business, finance, and legal sectors must collaborate in a field that is as much art as it is science.
Financial Considerations That Involve Your Partnership Agreement
October 29, 2013
Is becoming a Partner still a realistic expectation in most large firms?
Financial Considerations That Involve Your Partnership Agreement
October 02, 2013
Becoming a firm partner has long been the unquestioned goal of most lawyers. But in today's large law firms, with many hundreds of partners, is this still a desirable goal when a given partner's voice may have little influence over the direction of the firm, and when a partner's income is determined by a "compensation committee" that lacks transparency?
10 Proven Strategies To Effectively Implement the Two-tier Partner Structure
October 02, 2013
This article describes 10 proven strategies that we have recommended to clients to effectively implement the two-tier partner structure.
Subjective And Objective Compensation Systems
October 02, 2013
As we sift through the results from our recently published Partner Compensation System Survey, the data draws us to consider a wide variety of questions about this vitally important management and leadership system. While the majority of our survey respondents report using some form of subjective system, about 15% of the firms report that they use a purely formulaic/objective system.
How Not to Fail On Execution
October 02, 2013
According to the Gartner Group, 70% of outsourcing engagements fail and 90% do not meet their financial goals.
Sales Speak: New Opportunities in the Legal Industry
September 26, 2013
Research over the past four years is showing a slow-moving upward trend of law firms hiring professional sales people. This trend spans all sizes of firms, from small to global.
Restrictive Covenants and Partnership Agreements
September 25, 2013
This article examines the ethics of common partnership restrictive covenants, and suggests ways for firms to ethically protect the firm's interests.

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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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