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55 Prac. Law. 1 (2009)

handle is hein.ali/praclaw0055 and id is 1 raw text is: The Practical

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

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

The Grammatical Lawyer
The Law of the Lawyer
The Web-Wise Lawyer

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