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Ethics Rule Speaks to Departure Restrictions
Ronald C. Minkoff, the head of the professional responsibility group at Frankfurt Kurnit Klein & Selz and an adjunct professor at the NYU School of Law, discusses Rule 5.6(a)(1) of the New York Rules of Professional Conduct, which allows lawyers to change firms, and its application to two common situations: anti-poaching agreements and notice provisions.Banco Popular North America v. Gandi, et al.
A cause of action for creditor fraud does not exist, and plaintiffs who allege fraud must prove both reliance and misrepresentation; the scenarios to which courts have applied the creditor fraud label are remediable by way of other causes of action; where the bank alleged that the debtor's attorney advised him to transfer assets and issued a misleading opinion letter, the attorney may be liable for conspiracy to violate the Uniform Fraudulent Transfer Act and for misrepresentation.For Lawyer-Lobbyists, Acrimony in High Places Means Higher Income
A Republican governor plus a Democratic-controlled Legislature equals conflict in Trenton, and in 2011 that translated to a hefty revenue hike for lobbyists — including law firms with government-affairs practices.Revenues and Profits Up at N.J. Top 20, As Out-of-State Firms Make Inroads
New Jersey's large firms obviously went to school during the last recession, which produced lower or flat profitability throughout the first half of the 1990s. The lessons learned -- work smarter for bigger clients and restructure the firm to keep the focus on the bottom line -- continue to pull the top firms through this latest slowdown with flying colors.Trending Stories
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