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June 20, 2024 | Law.com

Guidance on the Enforceability of Lockup Provisions

A recent decision from Chief Judge Glenn of the Southern District of New York Bankruptcy Court provides clarity to creditors and debtors alike in cases where the parties' settlement negotiations include an agreement requiring a creditor to support the debtor's Chapter 11 plan.

By Paul A. Rubin and Hanh V. Huynh

11 minute read

June 17, 2024 | Law.com

Shielding Law Practices: Mitigating Vendor Risks to Safeguard Client Confidentiality

Because vendors often access clients' internal systems, customer data, and intellectual property, they will always be a magnet for hackers searching for valuable data. Bad actors will always look for the weak spots in a firm's defenses, including those deployed by a firm's vendors and other third parties. And signs point to a growing number of cyberattacks, not a lessening of them.

By Brad Hibbert

7 minute read

June 13, 2024 | Law.com

Courts Split Over Requirement for Chapter 15 Jurisdiction In the U.S.

If a foreign debtor doesn't reside in, have a domicile or place of business in, or have property in the U.S., can the foreign representative of the debtor utilize Chapter 15 to obtain discovery to use in the foreign proceeding?

By Daniel A. Lowenthal

7 minute read

June 11, 2024 | Law.com

Trade Secret Protection Plans Provide Certainty to Employers

The protection of trade secrets has long been understood to be a legitimate business interest, and, traditionally, companies have used non-competition clauses to protect their trade secrets. Now, with non-competition agreements in doubt and facing greater scrutiny, companies will need to rely on other protection mechanisms.

By Hannah Elizabeth Jarrells and Edward D. Lanquist

6 minute read

June 10, 2024 | Law.com

Second Circuit Holds No Special Standard for Charging Campaign Contributions As Bribes

If the case is not successfully appealed, we may have an opportunity to see whether the volume of campaign contribution bribery cases in the Second Circuit increases, and whether the government brings any cases that appear to infringe on the First Amendment interests of campaign contributors and candidates.

By Paul Tuchmann

21 minute read

June 05, 2024 | Lean Adviser

31. Is Big Law's Opulent Space a Match Made In Heaven for Associates and Clients?

Is this what boomers really want from their firm's office? Gen Z associates are much more about being socially conscious and working at principled firms and the firm's ESG profile, pro bono aspirations and DEI compliance are likely to be more important. And what about the clients?

By ssalkin

3 minute read

May 31, 2024 | Law.com

NIL Regulation: Can the NCAA Recover and Advance Its Own Fumble?

With a view toward injecting some modicum of clarity into the volatile arena of NIL, a plethora of legislation has been enacted at the state level and proposed at the federal level.

By Howard Mulligan

12 minute read

May 29, 2024 | Law.com

Early Impact of the CHIPS Act

This article describes certain key developments in the period from passage of the CHIPS Act through the present day, and provides a brief survey of key grantmaking and investment activity by U.S. government agencies since passage of the Act.

By Reid Knabe and Bita Rahebi

9 minute read

May 24, 2024 | Law.com

Privilege in Public Relations: Can Clients Protect Communications Between Their Lawyers and PR Firms?

Because PR firms may be considered third parties for privilege purposes, it is crucial that communications between a company's counsel and its PR firm are handled with care to avoid waiving the attorney-client privilege.

By Jonathan B. New, Patrick T. Campbell and Rachel H. Ofori

11 minute read

May 23, 2024 | Law.com

What Every Lawyer's Client Needs to Know About Succession Planning

A solid succession plan often results in a higher valuation if selling, and a successful transition when passing the reins to younger employees, family, or establishing an ESOP.

By Nanette Miner

7 minute read