NEXT

Latest Stories

January 31, 2013 | Corporate Counsel

Tribune Company Brings in New GC as it Emerges from Bankruptcy

The Tribune Company, having recently emerged from bankruptcy and tapped a new chief executive, announced the selection of former FCC official Edward Lazarus as its new general counsel.
3 minute read
June 06, 2013 | Corporate Counsel

Outside Law Firm Cybersecurity Under Scrutiny

Bank of America Merrill Lynch is auditing the cybersecurity practices at its outside law firms, partly under pressure from government regulators.
5 minute read
August 14, 2013 | Corporate Counsel

Stanford CCO Found Liable For Securities Fraud

An administrative law judge has found Bernerd Young, who served as chief compliance officer for convicted Ponzi schemer Allen Stanford's now-defunct brokerage, liable for securities fraud. The judge's order bars Young from working in the securities industry.
4 minute read
November 09, 2005 | Corporate Counsel

Avoid the Crapshoot -- Get What You Want From Your Software Vendor

When it's time to purchase and implement enterprise software, be prepared to spend a lot of time hammering out details and modifications with the vendor. Be sure expectations are clearly set and everyone is using the same terminology from the beginning. Paying careful attention along the way to the constantly shifting reality that is custom software development will help avoid the headaches -- legal and literal -- that result from a poorly managed vendor relationship.
5 minute read
November 03, 2009 | Corporate Counsel

Commercial Lender CIT Files for Bankruptcy Despite Icahn Loan

CIT filed for Chapter 11 Sunday in the U.S. Bankruptcy Court in Manhattan, listing $71 billion in assets and $64.9 billion in debt. The filing ranks as one of the largest by a financial institution. A $1 billion loan from Carl Icahn will fund operations while CIT reorganizes as part of a prepackaged bankruptcy.
3 minute read
September 17, 2009 | Corporate Counsel

GC Relishes Involvement in Business, Law and Beyond

General counsel Jim Allison of Murray Devine, a valuation advisory firm in Philadelphia, relishes being a legal department of one. It reinforces the need to interact with others in the company who do other kinds of work, which keeps him learning and keeps the work fresh.
9 minute read
September 19, 2011 | Corporate Counsel

Hong Kong Courts Stir Up Fears About Legal Immunity

One of Hong Kong's major appeals as a base for international companies doing business in Asia has been recourse to its British-established common law courts. But recent Hong Kong rulings have raised the unsettling possibility that a whole class of potential defendants may have legal immunity from claims.
5 minute read
June 11, 2010 | Corporate Counsel

Risky Business: Company Practices to Address Risk

From a business perspective, the traumas and challenges of the last several years have provided ample reminders of risks that businesses face. From a legal perspective, existing, new and proposed legal requirements have caused companies to think more carefully about their risks and the processes they use to assess and manage them.
9 minute read
August 17, 2005 | Corporate Counsel

How Bad Client Behavior Can Affect Law Firms

Claiming "zero tolerance" for sexual harassment is a common way for law firms to declare their hard-line approach if such a problem occurs within their own organizations. But a lawsuit filed by a former Blank Rome associate demonstrates the gray areas that can emerge when bad conduct comes from big clients. The case is serving as an example of the opposing tensions that law firm management has in addressing a worker's allegations and maintaining viable relationships with important clients.
6 minute read
February 06, 2009 | Corporate Counsel

Could Obama's Exec Salary Cap Cause More Problems Than It Solves?

President Barack Obama announced on Wednesday a $500,000 cap on senior executive pay for companies receiving substantial federal bailout money. Steven Friedman, chairman of the employee benefits practice group at San Francisco's Littler Mendelson, called the cap "unprecedented." He also said the move could discourage companies from seeking government bailouts while giving a recruiting advantage to competitors that do not receive federal funds. Friedman examines the implications of the cap.
4 minute read

More from ALM

More from ALM

Legal Speak is a weekly podcast that makes sense of what’s happening in the legal industry.