About | HeinOnline Law Journal Library | HeinOnline Law Journal Library | HeinOnline
LOG IN
LOG IN

55 Prac. Law. 1 (2009)

handle is hein.ali/praclaw0055 and id is 1 raw text is: The Practical Lawyer volume 55 I number 1 1 february 2009 Minority Retention: What Are Other Firms Doing? (And Is It Working?) Sandra S. Yamate 17 Although law firms are competitive-even in matters of diversity-many still have not managed to grasp the finer points of what it takes to retain minority lawyers. With increasing emphasis upon the business case for diversity, retention of minority lawyers, not surprisingly, has become more than a sensitive and controversial internal issue for the largest law firms, but has become an issue of self-interest, self- preservation, and heightened concern for firms of every size, in every part of the country. In this article, Sandra S. Yamate discusses training and mentoring, professional development, business development, lateral recruitment, firm economics and profitability, firm marketing, and firm succession planning. The Path To Partnership Cordell M. Parvin 29 Many young attorneys believe that they can make partner, but don't necessarily want to. This is often the result of not thinking through their real goals and aspirations as attorneys. In this article, Cordell M. Parvin examines what really lies along the path to partnership and discusses the attributes of partners, how associates can take responsibility for their advancement, defining the major definite purposeascertaining core values, developing a plan, client development, and more. Ethical Considerations In Negotiation Philip K. Lyon 37 Every lawyer has to engage in negotiation of some kind from time to time and every good lawyer knows that there are ethical limits on what can be done, what can be said, and how the process can proceed. But there is no doubt that the limits of ethical negotiation can be blurry at times. In this article, Philip K. Lyon examines the ethical boundaries of negotiation practices, the applicable rules, the determination of whether a statement is one of material fact, what constitute half-truths and omissions, what must be disclosed and when, dealing with the problem of the dishonest client, and offers some insight on how to stay on the right side of the ethical line when the time comes. The Ins And Outs And Do's And Don'ts Of Taking Outside Capital JeffreyA. Hechtman 43 For a client with an entrepreneurial spirit, motivation, and a good business plan, outside capital can provide the basis for starting a business and growing it much more quickly and effectively than would be possible with other forms of financing. And providers of outside capital are always on the lookout for a winning business idea, so the capital providers would probably be attracted to the client. But if this is the client's first time seeking outside capital, there are quite a few things it should know. As Jeffrey A. Hechtman explains in this article, things that the client should think about include choosing the appropriate legal structure, choosing the best jurisdiction, cleaning up the capital structure, protecting assets, dealing with employees, what to do with lenders, clarifying the business plan, how much money is needed, and choosing the right investors. Employment Practices And Employee Benefits Issues For Law Firm Partnerships Michele Aiken and Sheila Aiken 57 It's one thing to give advice and another thing to take it, and this can be very apparent when it comes to how a law firm is run. As businesses, law firms are bound by the same laws that govern other businesses. In this article, Michele Aiken and Sheila Aiken examine matters of partnership formation, the written agreement and retirement, disability issues, practice expansion and future growth, employee benefits, basic policies and procedures, growth through mergers and acquisitions, employment law compliance, and succession planning. The Grammatical Lawyer The Law of the Lawyer The Web-Wise Lawyer To purchase the online version of this issue, go to www.ali-aba.org and click on Publications Back issues, individual articles, and forms are also available there.

What Is HeinOnline?

HeinOnline is a subscription-based resource containing thousands of academic and legal journals from inception; complete coverage of government documents such as U.S. Statutes at Large, U.S. Code, Federal Register, Code of Federal Regulations, U.S. Reports, and much more. Documents are image-based, fully searchable PDFs with the authority of print combined with the accessibility of a user-friendly and powerful database. For more information, request a quote or trial for your organization below.



Contact us for annual subscription options:

Contact Us

Already a HeinOnline Subscriber?

Log In

profiles profiles most