Is the White-Collar Defense Attorney Headed for Extinction?
April 27, 2006
In the 3 years since Former Deputy Attorney General Larry Thompson's expansion of the Principles of Federal Prosecution of Business Organizations (the 'Thompson Memorandum' or 'Memorandum'), the number of front-page corporate prosecutions and record fines have continued to grow. Prior <i>Business Crimes Bulletin</i> articles have discussed the impact of the Memorandum on the role of defense counsel, including the effects of waiver of corporate attorney-client privilege. However, the privilege is not all that is disappearing.
What You Need to Know About the PPEBA
April 27, 2006
The union of the Internet and commerce has lead to increases in productivity, convenience, and access for consumers everywhere. At the same time, it has spawned tremendous privacy concerns. It is not uncommon these days to hear of businesses inadvertently publicizing consumers' personal data, or worse, hackers obtaining personal financial information.
Implied Renewal Of Employment Agreements
April 26, 2006
Employers frequently enter into employment agreements with their employees for a fixed period of time at a stated annual salary. What happens if, at the end of such an agreement's term, both parties continue to perform under the expired employment agreement as if the agreement were still in effect?
The Value of Partnership
April 26, 2006
When someone becomes an equity partner in a law firm, he or she becomes an owner of an institution that has a substantial value ' certainly greater value than is demonstrated on a cash basis balance sheet. Yet the majority of U.S. law firms admit partners with little or no requirement that they make a purchase of the firm's capital assets.
Clearing Up Executive Compensation
April 26, 2006
The U.S. Securities and Exchange Commission (SEC) published its proposal to revamp the rules governing the disclosure of executive and director compensation on Jan. 27, 2006. The proposed rules stand to significantly alter the compensation disclosure requirements applicable to registration statements, proxy statements, annual reports and Form 8-Ks, and are intended to ensure that investors receive disclosure that is 'clearer and more complete.' The regulations are the first attempt at a major overhaul of compensation disclosure since 1992 and were proposed in response to the widespread criticism that the current disclosure requirements do not engender a complete and accurate description of executive pay packages. <br>The proposal, to adapt the old saying, combines something old, something new and something borrowed.
Transition Planning and Flexibitlity for Senior Partners
April 26, 2006
Many of the stories about senior partners pressured to retire so the next generation can take over are not pretty. They contradict long-held notions of what a partnership should be and neglect the long-time partners' non-financial needs.For younger generations in the workplace to get what they want from a transitioning agreement, there must be something in it for the more senior people too.
<b>Technology Uses & Costs</b>: Improved Cost Recovery for Imaging
April 26, 2006
Chapman and Cutler LLP is a Chicago-based law firm focused on innovative and practical legal solutions for complex financial transactions. In addition to traditional financing, the firm, with its pool of 180 attorneys located in three offices, is widely recognized for its experience in specialized areas of finance. Keeping up with the pace of change in the financial arena, as well as the rapidly evolving needs of Chapman and Cutler's clients, has consistently challenged our IT group to provide the Chapman user community with the most up-to-date and efficient technology solutions. This was our objective last summer when we set out to replace and upgrade our firm's cost recovery systems.
Dismantling the 'Great Wall' of Risk: The Key to Turning Lease Financing into a Mainstream Financial Product in China
March 29, 2006
A growing number of lessors exhibiting cautious optimism are slowly, but successfully, knocking down the 'great wall' that separates them from turning lease financing into a mainstream financial product in China. Investing in the Chinese leasing market can be a sound decision for lessors whose customers are asking for leases there; who can effectively manage the risks; and who are equipped to deal with major differences between the United States and China, which include language, culture, and the number and nature of business regulations.
Flexible About Billing? Tell Your Clients!
March 29, 2006
Most firms use a billing options analysis to determine the mix of hourly rates used to accomplish the work. However, almost any case or project can be broken into tasks; and each task can be priced separately and differently, to create multiple pricing schemes within a single transaction based on client preferences and value perceptions. <br>Different clients can be approached differently. Creating a matrix can demonstrate to clients those areas where costs can be controlled and where costs are inherent, and educate clients about what can be done to lower the overall cost of a project.
