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Once it was the exception for a partner to leave a firm. Now the revolving door of partner departures has been deemed a modern-day law firm fixture. What steps can a departing partner or an acquiring firm take to minimize risks and reduce potential liabilities? This essential guide answers those questions. Legal expert Geri Krauss provides guidance for both the partner and the acquiring firm in connection with exploring a new affiliation.
Reflecting ongoing changes in the structure and regulation of modern business practice, Business Organizations: Cases, Problems, and Case Studies, Fourth Edition offers a unique combination of doctrine, problems, and case studies. Recent, high-interest cases are balanced against classic teaching chestnuts. Brief, innovative problems are used in combination with longer case studies. Recent Delaware Supreme Court decisions, updated case studies, and a strong website support a clear and sustained examination of the role and purview of the law in business transactions. New to the Fourth Edition: Recent Delaware Supreme Court and Chancery Court cases, including eBay v. Newmark; DFC Global v. Muirfield Value Partners; In re: Trulia; Kahn v. M&F Worldwide (MFW); Corwin v. KKR; and new parent/subsidiary vicarious liability cases New textual coverage of developing trends such as shareholder activism, exploding deal litigation and judicial efforts to reign it in, hedge fund appraisal arbitrage, and Public Benefit Companies Revised Uniform Partnership Act materials, as updated through 2013 Updated case studies and problems that consistently reinforce topical coverage Professors and students will benefit from: A discriminating selection of fresh cases and classic chestnuts In-depth coverage of how the law applies to modern business structures, (such as joint ventures, venture capital arrangements, franchises, and new limited liability business forms) as well as growth industries (such as computers, biotechnology, and telecommunications) Short problems after selected topics that give students practice applying the legal principles covered in that section Case studies styled on the B-school model that provide opportunities for in-depth analysis of the law in business transactions Hybrid entities treated in detail, including a separate chapter on limited liability companies
Tournament of Lawyers traces in detail the rise of one hundred of the nation's top firms in order to diagnose the health of the business of American law. Galanter and Palay demonstrate that much of the large firm's organizational success stems from its ability to blend the talents of experienced partners with those of energetic junior lawyers driven by a powerful incentive—the race to win "the promotion-to-partner tournament." This calmly reasoned study reveals, however, that the very causes of the spiraling growth of the large law firm may lead to its undoing. "Galanter and Palay pose questions and offer some answers which are certain to change the way big firm practice is regarded. To describe their work as challenging is something of an understatement: they at times delight, stimulate, frustrate and even depress the reader, but they never disappoint. Tournament of Lawyers is essential to the understanding of the business of the big law firms."—Jean and Colin Fergus, New York Law Journal
As lawyers move from one firm to another or from private practice into another sphere -- and as firms restructure to meet increasing economic demands -- numerous ethical, practical, and financial questions arise. Hillman on Lawyer Mobility is your definitive guide to this fast developing area of law.Hillman analyzes and clarifies all the urgent legal and ethical ramifications in such areas as: The downsizing of law firmsDisputes over the existence of a partnershipRestrictive covenantsDisincentives to competitionOne-sided fee-sharing agreementsNotice of withdrawalSection 42 elections for withdrawing partnersFiles as property of clientsRetaining liensEnforcement of ethics standards through arbitrationCollateral c
A California lawyer’s dream job becomes a nightmare when her boss is murdered in this mystery by the author of Where Lawyers Fear to Tread. Fresh out of law school, Willa Jansson nabs a first-year associate position at a family friend’s law firm. Famous progressive attorney Julian Warneke has gotten Willa’s hippie parents out of legal trouble on several occasions, though his reputation for grandstanding landed Willa in jail for two traumatic months after she was arrested during a protest march. Regardless, she’s happy to be working for such an influential firm, even if it pays less than any other outfit in town and she’s assigned to all the divorces, landlord-tenant cases, and drunk-driving defenses . . . Willa’s caseload is the least of her worries when Julian’s poisoned to death at a fancy work lunch. When the investigation begins, the authorities are drawn to Willa as a suspect in the “law school murders.” Then there’s the matter of her mother being listed to inherit Julian’s house. As Willa begins working to clear their names, she must dodge a terrible ex-boyfriend and a charming cop—not to mention a killer who’s drawing ever closer . . . Praise for the Willa Jansson Mysteries “Matera's wit, grace with language, irreverence toward the legal system, and wry dissection of being a child of the Sixties make this a standout.” —Kirkus Reviews “Intelligent and entertaining . . . Absorbing . . . With sharp descriptions and crisp dialogue . . . Admirably delivers the complex situations and memorable characters of a ‘real novel’ while still managing to let the detective story have its day in court.” —The Wall Street Journal
The weak economy and large number of firm layoffs have resulted in a flood of potential new solo and small firm lawyers starting their own practices in the wake of the exodus from BigLaw. Small practice lawyers, well seasoned or just starting out, can gain immeasurably by just applying even a few of the myriad tips within this book.
1. Law firms as a response to the environment 2. The theory of the law firm 3. Law firms as business organisations 4. Law firms as client-driven organisations 5. Law firms as social organisations 6. Law firms as economic organisations 7. Ownership of law firms 8. The way ahead
This newly updated fifth edition of Compensation Plans for Law Firms examines the continually evolving compensation landscape and the concepts that will affect your law firm most. You'll take an extensive look at the world of law firm compensation, including: -- Compensation theory --The art and science of compensation -- Partner and shareholder compensation -- Of Counsel compensation -- Associate Compensation -- Paralegal compensation --Staff Compensation -- Bonuses, increases, and incentives -- Debt, taxes, retirement, and withdrawal -- Evaluations, fairness and flexibility --And much more! Learn Where Your Firm Stands The book also features valuable data from the leading legal consulting firm Altman Weil's annual and triennial surveys on law firm performance and compensation, retirement and withdrawal and compensation systems. Charts and graphs help you see where your firm stands on salaries and bonuses, and it gives you detailed analyses of compensation plans for everyone in your firm. Compare your compensation system to law firms across the country. This one volume provides you with your primary research source leading you to auxiliary sources for further information as appropriate. They can support your current compensation system, or help you reevaluate your current methods of compensation. Careful advance consideration is essential to the success of your compensation plan. Using this valuable reference you can develop a compensation plan that conveys fairness, simplicity, and flexibility and strike the perfect balance within your firm.