Legal Sales Conference Is First Of Its Kind
September 02, 2004
The inaugural "Raindance" conference of the Legal Sales and Service Organization took place in Boston in June. It marked the first time ever that there was a critical mass of people to hold a conference devoted sales and business development in law.
Clients: To Whom Do They Belong?
September 02, 2004
The answer is: nobody. <br>When a partner leaves a law firm, the parties have to allocate various partnership rights, assets and other interests. They may allocate most of these interests in any way that they choose. They may not, however, allocate clients - perhaps the most valuable of partnership "assets." The client alone decides whether to remain a client of the firm, to leave with the departing partner or to choose another attorney. Law firms and departing partners have an ethical obligation to handle these situations in a way that is consistent with the principle of client choice.
Around the Firms
September 02, 2004
Movement among major law firms and corporations.
Producing Benefits Through Firm Culture
September 02, 2004
What tools can be used by an executive committee to take a fresh look at its firm, sustain a successful culture and make strategic decisions? Remember: No decision is a decision! Let's ask some questions about your executive committee.
Cybersecurity Legal Strategies
September 02, 2004
For good reason, cybersecurity has become a vital risk-management concern, and legal-based strategies, procedures and controls are essential parts of today's all-encompassing cybersecurity risk-management programs. <br>It seems a given. <br>Unfortunately, although many companies have written preparedness and cyberattack-defense plans, many have overlooked crafting the shielding armor of a well constructed legal layer. <br>And that's a big mistake waiting to happen ' again and again.
Expanding Law Firm Operations Globally
September 02, 2004
The June edition introduced numerous accounting-related issues that firms confront when they use foreign currencies. This new article raises additional accounting-related challenges of international compensation and taxation, while also highlighting the broader planning issues associated with a law firm's decision to expand its operations globally.
The Applicability Of The WARN Act To Law Firms
August 16, 2004
In addition to its obligations to its clients and creditors, a law firm partnership which is in dissolution, or about to merge or be sold, may have certain statutory obligations to its employees. In recent years there has been litigation surrounding whether the Workers Adjustment and Retraining Notification Act (WARN) is applicable to partnerships, and in particular, law firm partnerships.
Look Before You Leap
August 16, 2004
One of the most difficult decisions any partner faces is whether to make a lateral move. Unlike associate lateral moves, which are relatively straightforward and can be accomplished in as little as one week, the issues facing partners are far more complex, and the process can typically take three to four months ' sometimes much longer. <BR>Before making the leap, partners should consider these questions.
Outsiders As Overseers
August 16, 2004
In the wake of Enron, WorldCom, and other corporate scandals, corporate governance has come under the microscope. One reform that has been widely endorsed is the election of more independent, outside, nonexecutive directors to boards of publicly owned corporations. Outside corporate directors provide not only accountability but also perspective, diverse experience, and credibility. <br>Law firms might well benefit from outside directors in the same way. Indeed, some non-U.S. firms have already done so.
