Category: Corporate Law
The Upsides to Downsizing: Why Corporate Clients are Seeking out Smaller Firms
Large corporate law departments are pivoting and hiring outside counsel at smaller law firms due to the rising costs in litigation and high hourly rates for outside counsel at firms with over 500 attorneys. Despite healthy operating budgets from strong profitability, they are seeking the best representation at the best cost, and the answer is
Dissolution Without Haste Nets Generous Reward
Navigating corporate dissolution can be daunting, especially when distributions are involved. The average conversation surrounding the winding up of a business usually includes tax considerations and liabilities. In a recent case, eight years after dissolution, the shareholder of voluntarily dissolved corporation sued to enforce a $1.5 million promissory note which the corporation transferred to him