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We found 2,033 results for "Accounting and Financial Planning for Law Firms"...

Special Committees and Protecting Privilege
February 26, 2008
How can a board discharge its fiduciary duties without waiving otherwise applicable privileges to the investigation and opening the door to discovery of investigation related materials by the government or by third party litigation adversaries? An analysis of recent rulings.
The Best of MLF 2007
January 30, 2008
In last month's issue, we highlighted articles from the first half of 2007. Editor-in-Chief Elizabeth Anne "Betiayn" Tursi presents in this issue excerpts from one article from each of the August to December issues.
Working Capital Issues for the Law Firm
January 30, 2008
Last month's installment addressed working capital issues including client costs advanced and the capital drain of a growing business. The conclusion of this series discusses retirement and risk tolerance.
Hang Together, or Be Hung Separately: The Collective Compensation Dynamic
January 30, 2008
This article discusses the integrated approach that is necessary between law firm fees, collection, and lawyer compensation.
Want to Assure Your Firm's Future? Plan for Disaster
January 30, 2008
The U.S. Department of Labor says most companies that experience a major disaster are out of business within five years, because only 25% of companies have a disaster plan. This article provides guidance as to how your law firm can plan for disaster.
Strategies for Coping with Recession
January 30, 2008
This article describes several strategies that a managing partner should consider when developing a plan to survive a recession.
Zebra Selects CT TyMetrix 360 for Billing
January 28, 2008
Zebra Technologies Corporation's legal department has five attorneys, a director of patents and technology, a director of international trade compliance and three administrative assistants. In addition to the matters handled exclusively in-house, Zebra has more than 1,350 matters open at this time. We work with approximately 25 law firms that generate approximately 200 invoices per month. To assist in the management of these documents, we selected CT TyMetrix T360' to help us organize, manage and pay invoices.
Working Capital Issues for the Law Firm
December 27, 2007
This article explores issues pertaining to cash flow and cash needs of law firms.
Managing Advanced Client Costs and Complying with IRS Rules
December 27, 2007
If your firm is not treating advanced client costs as loans or assets, then you should form a plan to come into compliance with IRS guidelines.
Reporting on the State of the Firm
December 27, 2007
This article discusses preparation of a 'State of the Firm' report, which provides owners with an appraisal of the firm's prior years and planning for the coming period.

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  • Navigating the Attorney-Client Privilege and Work Product Doctrine in Bankruptcy
    When a company declares bankruptcy, avoidance actions under Chapter 5 of the Bankruptcy Code can assist in securing extra cash for the debtor's dwindling estate. When a debtor-in-possession does not pursue these claims, creditors' committees often seek the bankruptcy court's authorization to pursue them on behalf of the estate. Once granted such authorization through a “standing order,” a creditors' committee is said to “stand in the debtor's shoes” because it has permission to litigate certain claims belonging to the debtor that arose before bankruptcy. However, for parties whose cases advance to discovery, such a standing order may cause issues by leaving undecided the allocation of attorney-client privilege and work product protection between the debtor and committee.
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  • Revised Proposal: Understanding the Interagency Statement on Complex Structured Finance Activities
    Many U.S. financial institutions that have participated in equipment leasing transactions (particularly in the large-ticket and municipal markets) in the last 20 years will be keenly aware that as the structures grew ever more complicated, Congress and the federal regulatory agencies grew intensely interested. Whether the institution had a major role in the transaction or simply provided a service, some degree of scrutiny could be expected, often in conjunction with a tax audit of its client. The risks to financial institutions from participating in complex structured finance transactions of all types became a source for concern for banking and securities regulators. The principal federal regulators responded in 2004 with a proposal that financial institutions investigate, and bear responsibility for evaluating, the legal, tax, and accounting basis of their clients' complex structured finance transactions. The goal: to limit the institutions' own credit, legal, and reputational risk from such participation.
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