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Lawyers Ponder Liability Over Client Trust Accounts at Failed Banks
Following the failure of California's IndyMac Bancorp Inc. and the very real potential of other bank collapses, lawyers have been flooding bar associations with questions about whether they would be responsible for client trust accounts if a bank fails.Legal Web sites shake up condo market
Lawyers are increasingly tapping into the cyberworld to capture some of the growing business of helping buyers recover deposits from pre-construction and condo conversion projects. Lawyer-run sites are popping up across the Web to inform buyers of their rights and possible remedies. But to offer this service, lawyers say, they have had to relearn specific state and federal laws that were little used in the past.Fla. Bar Urged to Help Estate Lawyers Avoid Ethics Pitfall
Some estate and trust lawyers are urging the Florida Bar to recommend tighter rules for their profession. Florida Supreme Court rules prohibit lawyers from being named as beneficiaries in the wills they draft for clients, but nothing stops them from being designated as personal representative or trustee. The head of the Bar's real property, probate and trust law section says too many lawyers "are writing themselves into documents for their own personal gain."Law firms hit with more lawsuits
It's getting more expensive for corporate lawyers to defend themselves. A soon-to-be-released study by the American Bar Association (ABA) shows that the number of big-ticket suitsthose with claims of $2 million or moreagainst firms has risen dramatically since 1996.Florida Bar Urged to Help Estate Lawyers Avoid Ethics Pitfall
Some estate and trust lawyers are urging the Florida Bar Association to recommend tighter rules governing lawyers who draft a client's will or trust and also serve as the personal representative or trustee for the estate.Companies say no to friending or tweeting at work
Back-to-back studies, the most recent issued Tuesday, show a big chunk of Corporate America is banning communication wonders like Twitter and Facebook from the workplace. Lawyers say their experience bears the surveys out.South Florida law firms feel the real estate slump
In another sign of the hard times facing the legal industry, particularly in real-estate heavy South Florida, two local law firms — Holland & Knight and Shutts & Bowen — have laid off non-lawyer staffers. On a day that could be dubbed Black Friday in legal circles, Tampa-based Holland & Knight, one of Florida's largest firms with 1,150 lawyers, laid off 70 staffers Friday, including legal secretaries, IT and accounting staff. No lawyers were laid off. Shutts & Bowen, a 200-lawyer firm based in Miami, laid off nine entry-level file clerks and paralegal clerks the same day. No lawyers or legal secretaries were affected.Law firms guide nonprofits through greater scrutiny
Tax-exempt organizations play a major role in the U.S. economy with an estimated $3 trillion in assets and $1.4 trillion in revenue, and law firms are lining up to capture a share of the bounty by creating practice groups dedicated to addressing the unique legal needs of nonprofits. The move comes as law firms see an opportunity with tax-exempt organizations facing closer government scrutiny and public demands for the groups to be more accountable for their finances and transparent in their recordkeeping.Law Firms Guide Nonprofits Through Greater Scrutiny
Tax-exempt organizations play a major role in the U.S. economy with an estimated $3 trillion in assets and $1.4 trillion in revenue, and law firms are lining up to capture a share of the bounty by creating practice groups dedicated to addressing the unique legal needs of nonprofits. The move comes as law firms see an opportunity with tax-exempt organizations facing closer government scrutiny and public demands for the groups to be more accountable for their finances and transparent in their recordkeeping.Trending Stories
Law Offices of Gary Martin Hays & Associates, P.C.
(470) 294-1674
Law Offices of Mark E. Salomone
(857) 444-6468
Smith & Hassler
(713) 739-1250
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