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Do-It-Yourself Lateral Hiring
Just over half of the 218 law firms that responded to Altman Weil's new Law Firms in Transition Survey (released June 2010) said they are being more aggressive about increasing lawyer head count in 2010 than they were in 2009. The overwhelming strategy of choice for growth is the addition of laterals, followed by the acquisition of groups of lawyers.
Law firms' intentions to grow by lateral hire are nothing new. Indeed, lateral hiring has been the most-preferred path to growth among larger law firms for years. Lateral hiring, however, is not a panacea. Buying clients via lateral hire is not necessarily strategic, can be expensive, and is subject to the hard reality that lawyers who move to your firm may also move from your firm when the next offer comes along.
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New York's Latest Cybersecurity Commitment
On Aug. 9, 2023, Gov. Kathy Hochul introduced New York's inaugural comprehensive cybersecurity strategy. In sum, the plan aims to update government networks, bolster county-level digital defenses, and regulate critical infrastructure.
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Bit Parts
Summary Judgment Denied Defendant in Declaratory Action by Producer of To Kill a Mockingbird Broadway Play Seeking Amateur Theatrical Rights
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.