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The recent collapse of Dewey & LeBoeuf LLP and other large firms has highlighted the importance of pre-merger due diligence. While I was not involved in the merger of the two firms, I did consult to both firms individually prior to their merger and was both sad at the demise of a great firm and (like many) dismayed when the details of the internal workings of the firm (and mistakes made during the merger that appear to have doomed the enterprise from the beginning) became public.
I reviewed my experience in law firm mergers and reflected on what worked and what did not. What practices and policies were beneficial to the success of a merger, and what were merely “window dressing” or harmful to the success of the merger. This article is a compendium of my 30 years' experience in law firm consulting and specifically law firm mergers.
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Why is it that those who are best skilled at advocating for others are ill-equipped at advocating for their own skills and what to do about it?
There is no efficient market for the sale of bankruptcy assets. Inefficient markets yield a transactional drag, potentially dampening the ability of debtors and trustees to maximize value for creditors. This article identifies ways in which investors may more easily discover bankruptcy asset sales.
The DOJ's Criminal Division issued three declinations since the issuance of the revised CEP a year ago. Review of these cases gives insight into DOJ's implementation of the new policy in practice.
Active reading comprises many daily tasks lawyers engage in, including highlighting, annotating, note taking, comparing and searching texts. It demands more than flipping or turning pages.
With trillions of dollars to keep watch over, the last thing we need is the distraction of costly litigation brought on by patent assertion entities (PAEs or "patent trolls"), companies that don't make any products but instead seek royalties by asserting their patents against those who do make products.