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Pros and Cons of Capping Managing Partners' Terms
As firms grow and diversity, new management practices are catching on, among them the placing of term limits on managing partners. Advocates of the practice say it ensures an influx of new ideas, guards against generational conflict within the firm and promotes smoother leadership successions.N.J. Supreme Court Draws Line on Public Access to Discovery Data
The general public does not have guaranteed access to discovery documents used in litigation if they have not been filed with the trial court, the New Jersey Supreme Court ruled last week. The ruling is a setback for consumer groups that wanted to use the case as a way to allow the public to intervene in litigation and to ask courts to decide whether good cause exists to issue a protective order putting documents under seal, specifically in cases involving public hazards.Fireman's Fund Insurance Company v. Imbesi,
Where plaintiff settled her sexual-harassment complaint against her employer for $4.15 million, and the settlement provided for judgment in favor of plaintiff in exchange for $1 million and assignment of defendants' claims against the nonsettling insurers, and none of the settlement of $4.15 million was attributable to punitive damages, the trial judge's finding that the overall settlement was unreasonable, collusive and unenforceable against the nonsettling insurer is affirmed.Trending Stories
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