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Veteran White-Collar Defense Attorney Joins Dilworth
James J. Eisenhower, a longtime white-collar defense lawyer with roots in federal prosecution, has joined Dilworth Paxson as a partner in Philadelphia.Lifetime Achiever: Stephen Susman, Susman Godfrey
Stephen Susman pioneered the use of contingency fees in big commercial litigation.DLA Piper's Energy Group Gets Jolt in Rio, DC
The global legal giant and its Brazilian affiliate announced Tuesday the addition of five partners—and seven other lawyers—on two continents.Lawyers Reflect on Clemency Work After Obama Executive Action
When President Barack Obama commuted the sentences last week of 214 nonviolent drug offenders, he changed the lives of many inmates who may never have expected to leave prison. The action also had a profound impact on defense lawyers involved in pursuing the clemency petitions that the president has now granted.Pa. Firms Feel Effects of Demand Hit That 'Blindsided' Industry
In the midst of a jarring decline in demand for legal services nationwide, some Pennsylvania firm leaders said transactional practices are suffering, as corporate clients become more selective in their work with outside law firms.Phila. Firms Looking to Capitalize on Shift in NYC Lateral Market
The past few weeks have brought a spate of hires by Philadelphia firms in New York City, reflecting what managing partners of those firms said was a continued thirst for talent and growth in New York, which won't be ending anytime soon.SEC's Radar is on Non-GAAP Financial Measures
If you have been reading financial ­newspapers recently, you are bound to have come across articles about the Securities and Exchange Commission's (SEC) renewed focus on the use of ­non-GAAP financial measures in public ­disclosures. The Wall Street Journal recently reported that only 5.7 percent of ­companies in the S&P 500 index reported 2015 financials using solely GAAP measures. According to research firm Audit Analytics, this figure was 25 percent in 2006. The SEC's concern with the prevalent presentation and misleading use of non-GAAP financial measures was summed up by SEC Chairman Mary Jo White at a Senate hearing where she was quoted saying: "In too many cases, the non-GAAP information, which is meant to supplement the GAAP information, has become the key message to investors, crowding out and effectively supplanting the GAAP presentation." As promised, the SEC has continued to scrutinize non-GAAP disclosures and, in May 2016, issued formal guidance on this topic.Trending Stories
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