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New FDIC Rule Averts IOLTA Trouble
From: The National Law Journal, 2 December 2008 The FDIC has announced that, effective immediately, client funds deposited in Interest on Lawyer Trust Accounts — regardless of amount — are
Continue readingIs the Versatility of a Law Degree Just a Myth?
The National Law Journal: December 1, 2008 Law schools and placement professionals frequently tout the versatility of a law degree as a path to alternative careers. But even in good economic times, the
Continue readingTreasury Rescue Plan Strained by Lack of Staff
From: Wall Street Journal, November 28, 2008 The current Treasury has so far struggled to keep up with the task of hiring enough people to handle the $700 billion financial rescue package passed by Congress
Continue readingAs the economy tanks, legal outsourcing to India increases
As the ailing U.S. economy prompts companies to cut costs, it also has spawned legal fee cutbacks. Clients pressure law firms they hire to trim fees. That means more routine work like legal research, due
Continue readingLarger Foreign Corrupt Practices Act Fines Ahead
From: The National Law Journal, November 25, 2008 The U.S. Securities and Exchange Commission expects in the next two to six months to slap larger penalties than in the past on a number of companies that
Continue readingThe “Foreign Corrupt Practices Act” Seizes the Spotlight
From: mondaq.com, November 9, 2008 In the fervor of conducting trade globally, U.S. companies may inadvertently expose themselves to risk by having inadequate policies, procedures, and monitoring controls
Continue readingA Primer on the Foreign Corrupt Practices Act
For an excellent primer on the Foreign Corrupt Practices Act from the Pennsylvania Litigation Blog click here.
Continue readingIndia Lures Corporate Outsourcing
From: The National Law Journal, October 15, 2008 While you might expect the production of a button-down shirt to be outsourced to Guadalajara, most lawyers would not expect their caseloads to be shipped
Continue readingA Post About Ethics Rules, Offshoring and Mark-Ups on Contract Attorney Fees
From Carolyn Elefant of Legal Blog Watch: “Do state ethics codes deter offshoring of legal services to India, therefore enabling U.S. firms to charge higher prices for services? And should firms
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