Money Laundering Case Puts Spotlight on Law Firms' Use of Trust Accounts
October 01, 2016
A $3.5 billion asset forfeiture case that the DOJ brought in July grabbed the public's attention for the alleged purchases involved. But prosecutors also claim that prominent law firms used lawyer trust accounts to hold huge sums allegedly pilfered from the government of Malaysia and laundered through U.S. institutions.
Executive Presence
October 01, 2016
Lawyers who exhibit "executive presence" are more likely to make partner, to gain clients' trust and loyalty, and to receive referrals from others. This article discusses what executive presence is and how you can learn it.
Sullivan & Worcester's Advancement Think Tank
September 01, 2016
This article explores a firm's content development initiative experiment from the marketing and professional development perspectives. A group of about eight senior associates, known as SWATT (Sullivan & Worcester's Advancement Think Tank), were charged with developing the content. Here is their story.
U.S. Firms Expand into Latin America at a Record Pace
September 01, 2016
Recent data reveals that Latin America is the fastest-growing emerging market for Am Law 200 firms. The reason for U.S. firms' growing interest in the region is clear: Many Latin American economies boast above-average GDP growth and strong economic ties to the U.S. and Europe.
Three-Way Stop: Project Management, Technology and Process Improvement
September 01, 2016
Legal Project Management has seen an explosion of interest from the legal industry in recent years. It has been touted as the key to efficient legal work and a cure-all for the woes of fixed fees, fee caps, and lawyers who blow budgets. But there are drawbacks.
Six Keys to a Successful Law Firm Merger
September 01, 2016
Over the past two years, the author has been involved in three merger situations and iscurrently working on two more. He has worked closely with the managing partners and committees of these firms and has come away with the six factors that he believes determine the success or failure of law firm merger discussions.
Downgraded: Industry Growth Forecast For 2016
August 01, 2016
The Equipment Leasing & Finance Foundation has released its Q3 update to the 2016 Equipment Leasing & Finance U.S. Economic Outlook, reducing the year's growth expectations to just 0.9%.
Foreign Divorce
August 01, 2016
When either party commences an action for distribution of marital property in the state of the marital residence, a question arises as to what date is used as a cutoff date in classifying whether property is marital or separate. Is it the date of the earlier commencement of the divorce proceeding in the foreign state, or the date of the later commencement of the distribution action?
