Matador Legal

William Lee, the co managing partner of Wilmer Hale in a column in National Law Journal has advocated the movement of corporate law firms to the fixed fee model.

Related links:

http://www.abajournal.com/news/wilmerhale_leader_is_the_latest_fixed-fees_convert/

A federal appellate court in San Francisco has ruled that the managers of a company under bankruptcy, chapter 11 or 7 are still liable for employee’s unpaid wages under the federal law. The 9th US circuit court of appeals has made this ruling, overturning a lower court ruling on the issue in the case of Boucher v/s Shaw.

The case has been remanded for further proceedings. The court also affirmed the previous lower court ruling that the managers were not liable under the Nevada state law.

Related Links:

http://www.businessinsurance.com/article/20090729/NEWS/907299980

During the first months in north Georgia chapter 7 bankruptcies have risen from 9,584 last year to 15,363 this year, a rise of 60%. Total bankruptcies have risen from 18,124 to 24,328, according to US bankruptcy court for the northern district of Georgia

The challenge in the coming months would be for the retailers to continue to be in business in the wake of ever tightening credit markets. CIT, a lender to small and medium business had to be infused with $3 billion from the bond holders to continue to operate.

Related articles:

http://www.ajc.com/business/chapter-7-filings-up-103730.html

In house counsels are increasingly reducing the law firm panels. Read here.

A detailed and well researched piece on drivers in LPO growth here.

How to reduce in house legal costs. 10 metrics, here.

Torts remain unaffected in the recession, here.