January 2006: Going, Going, Sold

In this month's In-House Counsel : In their bid to reduce legal fees, many law departments auction off their legal business. It's a good idea to have a clear understanding of the different types of auctions and how to choose the right one. Plus: James Williams, general counsel and corporate secretary of Liquidity Services Inc., goes on the record; in-house counsel need to understand the tricks involved in revenue distortion; and, companies that employ foreigners now have a new legal worry.

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In this month’s In-House Counsel: In their bid to reduce legal fees, many law departments auction off their legal business. It’s a good idea to have a clear understanding of the different types of auctions and how to choose the right one. Plus: James Williams, general counsel and corporate secretary of Liquidity Services Inc., goes on the record; in-house counsel need to understand the tricks involved in revenue distortion; and, companies that employ foreigners now have a new legal worry.
• Going, Going, Sold In their bid to reduce legal fees, many law departments auction off their legal business. Although auctions are generally a great idea for law departments, it’s a good idea to have a clear understanding of the different types of auctions and how to choose the right one.
James Williams• On the Record with James Williams James Williams is general counsel and corporate secretary of Liquidity Services Inc., the Washington, D.C.-based online auction firm that offers manufacturers, retailers, and government agencies a way to buy and sell wholesale, surplus, and salvage goods — everything from cars seized by the D.C. police to Italian espresso machines returned to stores. • Can You Spot the Distortion? Any general counsel who wants to maintain a strong corporate governance function has to understand the revenue distortions that some clever executives have used to inflate reported earnings. There are at least seven forms of revenue distortions that in-house counsel should understand. • Immigration Woes in the Workplace The prospect of defending a workplace class action inspires fear and loathing in all employers. And with good reason.

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