We found 2,025 results for "Accounting and Financial Planning for Law Firms"...
Money Laundering Case Puts Spotlight On Law Firms' Use of Trust Accounts
September 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: a luxury jet, a Beverly Hills mansion, Las Vegas casino junkets and a stake in the Leonardo DiCaprio movie <i>The Wolf of Wall Street.</i> But for experts in how law firms handle client funds, another detail in the case may merit special scrutiny.
Partners Approaching Retirement: Transitioning Their Clients and Setting Their Compensation
September 01, 2016
While most firms like to consider clients to be those of the firm and not of any particular attorney within the firm, it is generally acknowledged that specific attorneys are responsible for developing, nurturing and maintaining the firm's relationship with each of its clients. This article describes a common procedure that may act as a guide to transitioning clients during a partner's pre-retirement years.
Economic Factors Driving Increase In Nonlawyer Payment Inquiries
September 01, 2016
As evidenced by a recent Pennsylvania Superior Court ruling invalidating an alleged fee-splitting arrangement between a law firm and an outside consultant, questions about the proper way for attorneys to pay nonlawyers who help generate business still arise frequently.
The Wealth Manager's Playbook
September 01, 2016
The pace and scope of change wealth managers are experiencing is unprecedented and is showing no signs of slowing down. In fact, change is accelerating rapidly.
Six Keys to a Successful Law Firm Merger
August 01, 2016
Over the past two years I have been involved in three merger situations and I am currently working on two more. I have come away with six factors that, I believe, determine the success or failure of law firm merger discussions.
Associate Salary Stratification More Likely In 'Buyer's Market'
August 01, 2016
Since Cravath, Swaine & Moore upped the ante on associate salaries this Spring, others in the big law community have responded gradually, some going all-in and others devising region-specific pay scales. In the current market, industry watchers say, the salary game has changed, and most firms will need to take the more thoughtful approach.
New Regulations Affect '457 Plans for Non Profits
August 01, 2016
The announcement on June 21, 2016 by the Department of the Treasury provides further bright line tests for benefits provided by non-profits for their executives and professionals.
Contracting With a Fintech Company
August 01, 2016
Your favorite internal client has just messaged you about a new contract that needs a rush review. The counterparty is reportedly one of the hottest new "fintech" companies in Silicon Valley. You are the master of all things vendor contract-related in your shop, but perhaps this is the first fintech contract to cross your desk. This article addresses some of the special issues that might be presented by this sort of contract.
Should Bankruptcy Professionals Be Compensated for Defending Their Fee Applications?
July 01, 2016
The ability of bankruptcy estate professionals to obtain payment for defending their fee applications has been severely curtailed with the United States Supreme Court's decision of <I>Baker Botts L.L.P. v. ASARCO LLC.</I> But such a limitation is inappropriate.
Exit Strategies: Think Like a Start-up
July 01, 2016
One of the first questions a sophisticated investor considers when making a commitment to a start-up company is: How will I get out? If you don't believe me, just watch an episode of Shark Tank .
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- How AI Has Affected PRWhen we consider how the use of AI affects legal PR and communications, we have to look at it as an industrywide global phenomenon. A recent online conference provided an overview of the latest AI trends in public relations, and specifically, the impact of AI on communications. Here are some of the key points and takeaways from several of the speakers, who provided current best practices, tips, concerns and case studies.Read More ›
- <b><i>Online Extra: </b></i> 7-Eleven Hit With Discovery Sanctions in NJ Franchise Case </b></i>A federal magistrate judge in Camden has sanctioned 7-Eleven Inc. for what he said were repeatedly deficient discovery responses in a case alleging the company unlawfully targeted South Jersey franchisees and owners for termination.Read More ›
- Regulators are Catching Up to Cryptocurrency and Blockchain Technology within the Financial Services Industry<b><i>Part Two of a Two-Part Article</b></i><p>The proliferation of cryptocurrency and blockchain is being driven by the efficiencies and protections afforded to early adopters. The operational efficiencies and resulting cost savings are readily apparent in the financial services industry and are equally coveted by the entities trying to implement them and by the customers who will benefit from the implementation. However, neither party can fully enjoy these benefits without first understanding and overcoming the various regulatory hurdles.Read More ›
- Tips for How Women Lawyers Can Chart a Different Course, Part 3Along the way to charting your own course, below are critical habits to be implemented as you stay focused on growing a fulfilling and prosperous career.Read More ›