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 readingIn Xerox Class Action, Fees for Temp Lawyers Take Center Stage
From: The Wall Street Journal, November 24, 2008 Here’s a question: After a big class-action settlement, how much should a plaintiffs’ firm be allowed to recover for its use of temporary lawyers?
Continue readingHow to Buy eDiscovery Software
November 22, 2008 Purchasing software for electronic discovery is not easy. No, we don’t expect contract attorneys to be buying. But we thought it would be of interest to you anyway, especially
Continue readingInBev Seals $52bn Deal with Anheuser; BHP to Give Details on Rio Takeover Bid
November 19, 2008 For the 500+ Posse List members who worked on these transactions: InBev completed its $52bn purchase of Anheuser-Busch on Tuesday, making it the world’s largest brewer and marking
Continue readingRecent Opinion Raises Concerns Over Metadata
From: New Jersey Law Journal, November 17, 2008 By producing an electronic document in discovery, you may breach the attorney-client privilege, according to an ethics opinion regarding metadata issued
Continue readingSkadden Leads Half-Dozen Firms in Circuit City Bankruptcy
From: The American Lawyer, November 11, 2008 Circuit City, among the nation’s largest retailers with more than 700 stores in the U.S., hired Skadden, Arps, Slate, Meagher & Flom last month in
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