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Articles from Related Newsletters
HUD Proposes Changes to Home Mortgage ProcessNew York Real Estate Law ReporterOn March 14, 2008, the U.S. Department of Housing and Urban Development (HUD) published its 'Proposed Rule to Simplify and Improve the Process of Obtaining Mortgages and Reduce Consumer Settlement Costs' (Docket No. FR-5180-P-01, 73 Fed. Reg. 14030). If this Rule takes effect, it would drastically change the way residential mortgage transactions are conducted.
Production Lawyer’s Guide to Obtaining E&O Insurance, Preventing LitigationEntertainment Law & FinancePart One discussed what is and isn’t covered by errors and omissions (E&O) insurance and examined general clearance guidelines for film and TV. Part Two continues the discussion with specific clearance procedures for production counsel to consider.
Leasing of Solar Energy EquipmentLJN's Equipment Leasing NewsletterFor traditional institutional equity investors in leveraged and single-investor equipment lease transactions, solar equipment may offer an attractive investment opportunity. Leasing solar equipment may also provide an attractive investment structure for traditional investors in power projects looking to expand investments in renewable energy projects.
Work Overtime to Ensure That Your Unauthorized Employees Do NotThe Corporate CounselorTthe federal Court of Appeals in New York ruled earlier this year that an employer cannot necessarily avoid liability for overtime wages — even if its policy requires prior approval for overtime work, and even if the employer did not have actual knowledge that its employees were working overtime hours. This article looks at the court’s recent decision.
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Reasonable Compensation for Law Firms and AttorneysThis article intends to provide some fundamental guidance for attorneys and law firms whenever employee-owner compensation is at issue. In many instances, this focus will relate to ownership decisions regarding the overall allocation and character of enterprise profits, but the same concepts and analytical framework can be of benefit in the assessment of reasonable compensation for other purposes, such as the valuation of a non-compete agreement and in the segregation and measurement of personal/professional versus enterprise goodwill for dissolution of marriage purposes in jurisdictions where this aspect is in play.
Measuring Realization to Improve Firm ProfitsLast month, we reviewed how to tailor a scorecard to your individual firm’s goals. This month we review a very important financial metric. In creating a partner scorecard and setting individual partner goals, Realization should be at the top of the list.
Realization — Another ViewFor many managing partners, the practice of law is easy compared with the challenges associated with "realization": an 11-letter word that is the bane of all managing partners everywhere. And 100% realization? Well, that’s the Holy Grail of law firm management. Given the choice of winning a Supreme Court case or solving the riddle of meeting their firm’s realization goals, many managing partners might just tell the Chief Justices to take a hike.
Resolving the Enigma of Law Firm LeadershipWhen a firm finds itself in the midst of a management crisis, the place to begin to search for the source of the problem is at the top of the management hierarchy. This may not be a popular notion or an easy task. The purpose is not to find fault. The point is that an organization does not simply evolve. It must be built in an orderly manner. The values that are important to a firm have to be defined and centrally organized. The responsibility for these goals must be keyed to an organizational factor, whether this is a committee or an individual.
September 2008 Issue in PDF Format
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