Succession Planning: Where Will Your Firm’s New Leaders Come From?
By 2020, half of the workforce will near retirement age. What does this mean to you? If you want your firm to continue and prosper after you, your partners, or key staff members retire, you must act now. At a minimum, you must identify the lawyers and clients who bring the most value to the firm and adopt ways to pass on lawyers’ knowledge and client relationships.
President's Message: Mentoring
Speaking from experience, Patrick Fiedler says mentoring a less-experienced lawyer benefits both attorneys in the relationship.
Your State Bar: It’s a Start
George Brown says a new committee will begin the process of providing concrete assistance to new lawyers, based on the Challenges Facing New Lawyers Task Force report and recommendations.
Valuing a Business in Divorce
Valuing a marital estate and determining property division and spousal support in a divorce requires extra care when one of the spouses owns a business. Extra care is needed to protect the livelihood of the business owner and to ensure the non-business-owning spouse receives a fair share.
Substantive Consolidation: Adding Assets to the Bankruptcy Pot
Substantive consolidation is an equitable doctrine that allows a bankruptcy court to join entities that are members of the same group but are legally separate. This process typically has the effect of adding more assets to the pot for paying off creditors but also puts at a disadvantage creditors of the entities with higher asset-to-debt ratios.