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Nonsalary Payments Raise Ethics Issue
In-house lawyers are witnessing a transformation in their compensation. Salary is no longer a straight sum; following executive compensation trends, company lawyers commonly receive a mix of salary, bonus and stock options. Now the American Bar Association is examining whether nonsalary compensation, often tied to company performance, may impair a lawyer's independence or create other ethical concerns.Short-Term Loans Bridging Cash Gap In Available High-Yield Debt Finance
It's been a dismal year for high-yield debt financing. End-of-the-year jitters, interest rate fluctuations and an inexplicable flight of cash from bond funds have left many companies scrambling to raise money using other forms of financing. To fill the financing gap, lawyers are structuring an increasing number of short-term, "bridge" loans.Conn. land vacant 4 years after court OK'd seizure
NEW LONDON, Conn. AP - Weeds, glass, bricks, pieces of pipe and shingle splinters have replaced the knot of aging homes at the site of the nation's most notorious eminent domain project.There are a few signs of life: Feral cats glare at visitors from a miniature jungle of Queen Anne's lace, thistle and goldenrod.
The Legal's Lifetime Achievement Awards
As part of its 170th anniversary, The Legal for the first time awarded some of Pennsylvania's most influential attorneys with Lifetime Achievement Awards. Each honoree was asked to provide a brief quote or anecdote about what the law has meant to them.2003 Campaign for Justice List of Contributors
Notice to the bar.