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After reaching an all-time high in 2013, the pace of U.S. law firm mergers and acquisitions is showing no signs of slowing down. With all of these deals in the news of late, you may be considering whether a merger or acquisition might be an appropriate growth strategy for your firm.
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The important thing to note here is that decline need not mean extinction ' provided the industry changes. And changing it is.
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Social networking sites have not only changed the way people interact and communicate, but also transformed the way business is done. And that includes the business of law.
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The creativity that law marketing professionals used especially in the area of marketing communications ' while remaining an invaluable characteristic ' has been usurped by the demand for stronger operational prowess.
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The Death Benefit Only (DBO) Plan for Non-Profits is an arrangement in which the employer, a 501(c) non-profit organization, agrees to pay the actuarially determined cost of the current death benefit on a permanent life insurance policy to be owned by the employee or employer. The employer and employee enter into a written agreement that ordinarily requires the employer to make premium payments as long as the employee works for the employer.
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The demand for e-discovery project managers is extreme, thus the bulk of career opportunities for e-discovery professionals are in project management. But not every e-discovery project manager has the same background or is even the same type of project manager.
With all the potential for stress, I offer this: Set your mind and resolve to make every day count toward building a more prosperous and fulfilling practice. Yes, you <i>can</i> make that happen.
Competition for business is intense, time is short, and there's no time like the present to hone your business development skills and develop your personal book of business.
Features
Although pension plans are thought of primarily as a source of cash income for the elderly, they typically serve other functions as well. For example, they usually contain early retirement features and often provide pensions to workers who lose their jobs because of disability. The high proportion of pension plans with disability retirement features is dramatized in data from the Bureau of Labor Statistics' annual survey -- none of these programs had provisions to make up employee contributions and employer matches where the employee becomes disabled during their employment years.
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This article is the ninth installment in an ongoing series focusing on accounting and financial matters for corporate counsel.