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“General counsel compensation has evolved with the way compensation is viewed at the C-suite level. There is a greater emphasis towards equity and a greater emphasis on company performance," says John Nixon, a partner at Duane Morris in Philadelphia who helps negotiate GC compensation.
"As is IAC’s tradition, we like to promote our leaders from within," CEO Joey Levin said.
This article examines how litigation buyout insurance works and its potential benefits for companies, and considers practical examples—based upon actual cases—of how LBO insurance has been deployed to reduce transactional risk and help companies remain “deal ready.”
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